A loan of $1,225 helped to open up a new retail shop.

Wajid Hameed's story

Wajid Hameed is a 39-year-old businessman, who has 12 years of experience in selling goods. He has two children and a wife. He is the sole supporter of his family. Currently he is trading some household items, like washing powder and soaps, which are used in every home. But, due to lack of a proper display space and shop, he works from his home. Because his selling is home-based, he doesn't have enough customers.

Now he has requested a loan amount of PKR 120,000 in order to purchase a shop, so he can start a proper retail business. With the help of this loan amount, he will buy cartons of soap and washing powder at wholesale price, which would be less costly. With the first profit, he is planning to introduce new products, like rice and various food items, in his shop. By doing this he will make his business profitable, which would be beneficial for his business as well as for his family.

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Loan details