Muhammad Shafiq has started his business.
Borrower story
Muhammad Shafiq is a native of Faisalabad in the rural locality with his family which entails two daughter, two sons and a wife. He is living his life under the burden of poverty as he is the only earner of the family of six members. His all children are school going and he has to pay for their educational expenses. On the other hand, his income is insufficient to purchase the bread and butter for the family. So all these circumstances make him more frustrated. He is a loader rickshaw driver and has experience of six years in driving a loader rickshaw. But the rickshaw which he drives id on rent and a huge portion of his income is deducted in the rent of such rickshaw. He tries to buy his own loader rickshaw but failed to do so because of the rising payoff of his house. To buy a rickshaw is a big investment for him and his financial condition is not stable to do this. Therefore, in the end, he is bound to drive others loader rickshaw on rent. For his purpose, he contacts with seedout so your little support will make him able to buy his own loader rickshaw.
Contributing donors (1)
PKR 262,742

Average annual income

PKR 3,095,000

Funds donated in Faisalabad

3

Projects fundraising in Faisalabad

47

Project raised in Faisalabad

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 4500.00
Disbursed date:
Feb 11,2019