Wednesday 20 January 2016

Help Required for a Young Entrepreneur

I know a young man personally who is very nice and a kind person. He is going through very hard time for last few years. He is in dire need of your help. He is under a debt of Rs. 800,000/- and he is unable to pay it for last few years. He is very much disappointed.

You can read his complete story here.
He did his Masters of Business Administration in 2011 from a renowned university in Islamabad, Pakistan. His family was unable to finance his education. He got some loan from his friends to complete his education. Then, just like most of other graduates, he was very passionate to be a successful entrepreneur. He wanted to start a business in food industry but he had no finances. He got Rs. 268,000/- from a firm on markup basis and he had to return almost Rs. 400,000/- in two years. He also got another amount of almost Rs. 200,000/- from his acquaintances. He started an eatery in Islamabad. He was all positive about his business. He had no plan-B in case of its failure. In the very first year, he realized that it’s not working as he had predicted it. He had spent more than 80% amount already. He decided to close the business. He had no idea how to return the installments of debt. Additionally, loans taken from his friends were also pending. The situation was getting worse day by day. To repay his previous debts, he again got almost Rs. 450,000/- from the same firm. This time, he had to return Rs. 800,000/- in two years. He wanted to start the same business again in another place with some additional amount after returning the major part of previous loans but there was a wedding of his brother in his family at that time and his family asked him for the remaining amount to spend on the wedding. Since he is a kind man, he spent remaining amount, which was around Rs. 200,000/- on the wedding of his brother. Once again he was clueless on how to return the money. He was expecting that he will be able to get a good job on the basis of his MBA Degree and will be able to return all the amount in one or two years but it never happened. Again, things were getting worse for him day by day. During all this, to get some instant cash he bought some mobile phones from a few shops on markup basis and sold them at the same time on some other shops with reduced prices to get some money to pay the installments. But the amount was so big for him, it never came to an end.
To summarize, he is currently under a debt of around Rs. 800,000/- and unable to pay it. He doesn't have a well-paying job as he is getting Rs, 15,000/- as monthly salary. With this amount, he is unable to run even his home expenditures. The lenders are increasing pressure day by day. All of you are requested to help him as much as you can so that he can start a normal life again. After all, humanity is helping each other.
We are not sharing his complete information for privacy reasons. If you are really touched by his story and want to help him then kindly contact us via email at: hussain.tayyab@outlook.com
Or you can inbox us at this fb profile: www.facebook.com/tayyabhussain21
You will be provided with the complete details of his address, account, cell number and email address. Additionally, he can personally meet you if feasible. Even a share of small amount from you does matter. If you can’t do anything for him, at least you can share his story so that we can reach maximum number of people to help him. This post will be removed when the required amount will be received.
Thank you.
For those who want to help him,

His HBL Account Number: 02907900288303