This loan will help Mohammad recover lost income caused by Hurricane Sandy.
When Mohammad moved from Bangladesh to the United States in 1994, he was blown away by how much it cost him to call his family back home: $3.40 per minute. Realizing the demand for lower international calling rates, Mohammad began Dhaka Telecommunications Corp, a business that provides grocery and convenience stores with calling cards at wholesale prices. While Mohammad sells cards for all international calls, he offers an especially low rate of $0.04 per minute to place calls to Bangladesh.
His business was successful until Hurricane Sandy struck New York. His clients, also harmed by the storm, have not been able to pay him back in full, and Mohammad isn’t able to purchase the inventory he needs to meet the demands from other clients.
Stuck with pending invoices, Mohammad is looking for a loan to make up for lost income caused by the storm. This loan will help Mohammad recover from Hurricane Sandy, and also build a company website so he can begin directly selling to customers and operating more independently.