A loan of $13,975 helped to purchase a dump truck.

Mohammed's story

Mohammed, 51 years old, is a married man and a father of 10 children. He lives in a small, rented house. Mohammed is regarded as a symbol of industry and hard work. He started his career more than 30 years ago as an ordinary simple worker with very big ambitions. Currently, Mohammed has two dump trucks and a front loader. He is about to finish building his own house.

More than 30 years ago when he got married and had children, he realized that he had a big responsibility to take care of his family and cover all their living needs. Such responsibility drove him to have big dreams and goals. After working for a few years as a worker with a building contractor, he was able to accumulate some money and buy a dump truck with the financial assistance of one of his friends, since he couldn't afford to purchase it himself. He used this dump truck to take sand, gravel and other building materials to construction sites. Such business was very profitable. After some years, he was able to give back his friend's money and became the only owner of the truck. Year after year, Mohammed was able to buy two dump trucks and a front loader. Such achievement is not the result of luck and fortune but rather the outcome of hard work and faith. Currently, Mohammed has about 10,000,000 YR and he wants to buy another big and better dump truck, which costs 13,000,000 YR. Though he doesn’t have enough money, he is determined to purchase it. Therefore, he has requested a loan of 3,000,000 YR from Al-Amal Microfinance Bank.

After purchasing this truck, Mohammed is planning to start selling building materials instead of just taking them to construction sites since now he has all the required vehicles: a front loader and a dump track. He is intending to achieve such an aim as soon as he finishes repaying all the installments. He is sure that such an aim will open new horizons for him in the future.

Loan details

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Loan details