40th Microfinance Completed for Purchase of Taxi – Syed Izhar Naqvi

With the Grace of Almighty Allah we have completed Micro Finance Project of Syed Izhar Naqvi with a total cost of PKR 300,000.00

Background

Syed Izhar Naqvi belongs to District Chakwal. He was unemployed after being laid off as a worker in a private firm. He is the sole bread earner of his family which includes a wife and their five children. Recently, Brother Izhar Naqvi’s wife has been diagnosed with Kidney disorder – a condition requiring medical care that has unexpectedly added to the family’s expenses.

Family Details

Brief Business Proposal

In a proposal sent to Madinatul Ilm charitable trust (MICT), Brother Izhar Naqvi has requested a sum of Rupees 300,000.00 for the purchase of a second hand vehicle to be used for a pick and drop service.

Before being laid off, Brother Izhar Naqvi was earning Rupees 15,000.00 per month by his previous job. MICT’s estimates lead us to believe that once Brother Izhar Naqvi taxi service is launched, his monthly net earnings will once again become the equivalent of his previous Income which should be sufficient to put him back in the work place to eventually take care of his own needs and those of his family.

Current Situation

After purchasing the taxi Brother Izhar Naqvi is in a position to secure a regular daily income of PKR 900.00 to PKR 1100.00. Besides that he will also be able to save the transportation expenses of his children which he had to pay against pick and drop to school.

Brother Izhar Naqvi has conveyed his thanks and gratitude to all members of The Lady Fatima (A.S) Charitable Trust.

Thanks for making another project successful.

Managing Trustee: MICT