A loan of PKR 95,000 helped buy a loader rickshaw and expand a scrap business.
Sabir Ali from Faisalabad is doing a scrap work business. This involves the transportation of goods in bulk. However, Sabir does not have a loader rickshaw for transportation purposes. Without a loader rickshaw, the transportation of goods is very time-consuming, expensive and tiresome. Sabir has 4 children. 3 of them are of school-going age and are enrolled in a private school. Sabir is a poor man; his expenses exceed his income and he is left with no money at the end of the month, meaning that savings are also nil. Sabir approached Seed Out and requested a loan of PKR 95,000 to buy a loader rickshaw. This is a necessity to run his business and will allow him to expand it as well, as he will be able to deal with a greater amount of scrap material. He is assured that this will bring much-needed betterment to his business and it will become easier for him to take care of his family.
It helps a micro-entrepreneur buy a much-needed loader rickshaw for his scrap business.
Country
PKR 365,165

Average annual income

PKR 15,768,500

Funds donated in Faisalabad

0

Projects fundraising in Faisalabad

208

Project raised in Faisalabad

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 5000.00
Disbursed date:
Dec 27,2019