Pakistan
Razzaq Sahib is a 43-year-old resident of Kasur. He lives with his wife, three sons and a daughter. Two of his sons are studying at school, while his older son is looking for a job and his wife and daughter manage the household. He works as a yarn extractor to support his family.
Razzaq Sahib has been in the yarn extraction business for the past 12 years. He acquires old and discarded sweaters as well as woollen garments and uses a specialised tool to extract yarn from them. He buys these items from thrift shops or factory outlets where damaged and used products are available. The extracted yarn is then sold to factories and manufacturing plants to be reused for making rugs, carpets, scarves, and sweaters. He earns approximately £70 per month.
To boost his profits, Razzaq Sahib has applied for a loan. He plans on using the funds to increase his stock of sweaters and woollen items, which he can extract yarn from and sell later when the demand for wool is high.
Loan added: 24 April 2024
Razzaq's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £14.45 | ||
| £9.82 | ||
| £9.82 | ||
| £9.82 | ||
| £9.82 | ||
| £9.82 | ||
| £9.82 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
