A loan of $252 helped to expand a business of LED lights and other electric items.
Muhammad Numan is a hard-working individual continually making an effort to earn better each day. Numan is doing an independent business of LED lights in Lahore. His work dynamics are to receive orders for the LED lights from different retail shops, purchase them in bulk on credit and then sell them to the retail stores. He keeps a modes profit margin and earns a reasonable amount monthly.
Numan has two young sons to take care of and provide them with quality education. His mother is old and often requires a medical check-up. Most of his earnings are spent on paying the rent of the house. All of these expenses add up to the household expenses, and there are no savings left for Numan. Numan is looking for financial assistance in his business which can allow him to grow his business and earn more. Numan came across Seed Out and requested a loan of $252 to expand his business of LED lights and other electric items.
Currently, he has orders from the retail stores but does not possess the stock to fulfill those orders. With the loan from Seed Out, he will purchase items in bulk and increase his revenue. His profits will rise, improving his financial status. He will be able to take better care of his family and provide them with a decent living.
It helps a person grow his business and provide a decent livelihood to his family.
Contributing donors (2)
$1,629
Average annual income
$0
Funds donated in Lahore
0
Projects fundraising in Lahore
0
Project raised in Lahore
Deserve for
Loan Length Months
Repayment schedule:
Monthly
Installment per month:
$ 10.80
Disbursed date:
Nov 19,2019