A loan of $216 helped to expand a crockery business.
Located in the slums of Gujranwala with his family, Muhammad Nasir, 49 years old offers crockery items to sell as a salesperson to the community and retailers. He is married and father of two sons and five daughters. He has married off two of his daughters. It has taken many years of perseverance, personal sacrifice and hard work to pull his business off. He had to work diligently each day to make sure he earns some money to fill his children's empty stomachs and educate them. Despite all this, he is not economically self-sufficient.  Although the business he runs is profitable, growth has become static limiting his earnings and he has to go through pain and headache to search for ways to expand his crockery sales services. As he does not qualify for any bank loan he has applied for a microloan to buy additional crockery items and inventory from Seedout. Seedout has approved and disbursed a 24-month term loan of $216 to help him so he can continue to grow as a small crockery sales business and meet the increasing demands of its customers.
It economically empowers the entrepreneur
Country
$1,629

Average annual income

$0

Funds donated in Gujranwala

0

Projects fundraising in Gujranwala

0

Project raised in Gujranwala

Deserve for

Loan Length Months
Repayment schedule:
Monthly
Installment per month:
$ 9.00
Disbursed date:
Feb 22,2017