A loan of $180 helped to expand a canteen by adding more stock.
Asghar Ali is a needy person from Lahore who supports his family by running a canteen at a university. Being the sole breadwinner of the family, it becomes difficult for Asghar to manage the household expenses. The cafeteria is not generating enough income as the stock is almost exhausted. Asghar is hardly able to cover his household expenses.
Asghar is a father of five children and three of them are school-going. As Asghar wants to provide his children with quality education, his children attend a private school. He manages their school-fee each month from the limited income he earns. Asghar is a budding entrepreneur and wants to expand his canteen. He knows the cafeteria has the potential to generate a considerable amount if the stock is increased. He has reached out to Seed Out for a loan of $180 so he can expand his business
He intends to add stock of eatables such as burgers and shawarmas and cold drinks. He wants to bring in freshly baked items daily and sell it with a reasonable profit margin. He believes his income will substantially improve and and he will be able to fulfill his household expenses easily.
It helps grow a small business of a micro-entrepreneur and cover his household expenses.
Contributing donors (4)
$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:
$ 7.20
Disbursed date:
Oct 28,2019