A loan of PKR 92,000 helped Muhammad Saleem to buy an auto-rickshaw.
Muhammad Saleem, 53 years of age, is the head of a large famliy of eleven, including his wife, six sons and three daughters. Two of his sons and one of his daughters are married, and the rest of the family lives in a small home in Lahore that is owned by Muhammad. He is presently employed at Super Asia, an electronics manufacturing company that specialises in home applications, where he has been involved in work for nearly 26 years. However, to supplement his income from his salaried job, he has also been working as a rickshaw driver for the past two years. Muhammad is in the difficult position of being unable to gather enough capital to buy his own rickshaw. He believes that his coming into possession of his own personal rickshaw, instead of just using one on rent, will not only decrease his expenses and maximize profits manifold, but will also give him the confidence to expand his operations. For this purpose, Muhammad requires a small loan from generous donors, and a crowd funding program would be highly beneficial for his cause.
It will enable a rickshaw driver to buy his own rickshaw, minimize expenses and maximize profits in order to more efficiently carry out his services.
Contributing donors (5)
PKR 452,500
Average annual income
PKR 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:
PKR 5000.00
Disbursed date:
Jun 13,2018