Auto Rickshaw

Support a featured borrower with a microloan.

Muhammad Nadeem
$611.45 repaid of $611.45 total
100%
Verified 0% Interest Success Story

Muhammad Nadeem's story

Muhammad Nadeem is 42 years old and married with three children. His oldest two children attend school whereas their two year old son still lives at home. While Muhammad Nadeem works full-time as a self employed rickshaw driver his income is low he receives no support with the costs of schooling, which he finds very difficult. There are times when choices have to me made about whether dinner will be served or they will have to sleep empty stomach. His escalating financial problems cause anxiety and worry.  No matter how diligently he earns money, the rickshaw rentals shrink his income leaving him with a small amount. A steady income is only possible if he has enough finances to purchase an autorickshaw. He looked around for conventional banks to give him loan but all in vain. They would rather ask for a colleteral which he does not possess. Dejected, he came accross Seedout and decided to take a loan to purchase an autorickshaw. But this can become a reality only with your support. Help Nadeem with the purchase to bring about a substancial change in his family's life.

Application Submitted

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Fully Funded

Loan is fully funded by donors

Disbursement Ceremony

Date22 Feb 2017 Disbursement #25 Event page
Seed Out 25th disbursement ceremony

Business Established

Before After

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