A loan of PKR 70,000 helped to expand a garments shop.
Muhammad Danyal is an ambitious yet needy applicant from Lahore. Danyal started working at a young age when his father couldn’t afford his education. He took up a garments business and started with a small stall. Over the span of 7 years, Danyal was able to grow his business step by step by saving money and then investing. However, two years ago when he got married, his responsibilities considerably increased. He became the father of a beautiful daughter, and managing the expenses became even more difficult. A limited amount that Danyal earns now is spent on fulfilling her daughter’s needs. He has not been able to save any money since and does not see much hope. His financial condition is becoming worse day by day. Danyal was searching for opportunities to expand his business when he came across Seed Out’s advertisement on one of our rickshaws. He contacted Seed Out and applied for a loan of PKR 70,000 to grow his garments business. He wants to add a greater variety of unstitched fabric, threads, laces, and other accessories in order to offer his customers a vast range. Muhammad Danyal beleives that this will allow his to compete better, leading to an increase in his profits. With this, he wants to create a better life for his wife and daughter.
It helps a young entrepreneur grow and provide well for his family.
Contributing donors (1)
Country
PKR 271,500

Average annual income

PKR 32,985,370

Funds donated in Lahore

0

Projects fundraising in Lahore

331

Project raised in Lahore

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 3000.00
Disbursed date:
Oct 28,2019