Azizul Hoque needs to be debt free to survive

Admin Byadmin

Azizul Hoque needs to be debt free to survive

Azizul Haque is a 65 year old poor guy with 2 daughters and a son, from Faridpur district. Due to his illness he has a taken loan of BDT 30,000 from local merchants at 10% interest rate with no fixed term. Now to repay this he needs to pay 250 taka daily through rickshaw pulling. He has paid more than 15000 taka but his principal amount remains same. This will go on and he will hardly be able to pay the principal as the profit is 100 taka per thousand evert month. No matter how much he pays, it goes in the profit/interest amount and the principal remains same. He needs to get rid of this and start a small business to survive better.

JIBIKA has estimated an amount of BDT 55,000 to accomplish the mission. This will clear-up his dues in next 4 months and also enable him to start fresh with a vendor business.

UPDATE:

We have paid of all his dues. Now we need 10,000 taka to arrange him a sustainable living. He wants to buy a rickshaw and give it for rent. This way he will earn 3000 taka a month. And he will earn something by himself. When he has a moderate amount of money saved, he may move to his village and start a business there. To help him, please DONATE HERE

We donated further 7500 taka and he bought a rickshaw with his equity of 2000 with it. He is happy now and living a better life.

About the author

Admin

admin administrator

Leave a Reply