Dear kind hearted souls,
My name is Moktarul, Age 51, and I come to you with deep humbleness.
I have started a business of producing animal feeds in January 2023 with a capital of USD 20,000.00 in a rented house. For purchasing machineries and installing, USD 15,000.00 had been spent. The remaining USD 5,000.00 is used as working capital for purchasing raw materials. The profit comes from this small amount of working capital is very poor and I cannot afford to pay labor cost, rent of the premise and electricity bill. Moreover, I have to bear all expenses of a family of 7 members including education of 2 children.
In this situation, I have borrowed USD 20,000.00 from a Bank in July 2023 as working capital (mortgaging the machineries) to make marginal profit so that I can afford to pay labor cost, rent of the premise and electricity bill as well as bear all expenses of my family including education of my children.
Due to market competition, I am not able to make sufficient profit. The maximum portion of the profit is spent to pay labor cost, rent of the premise and electricity bill and with the remaining portion I bear my family expenses very severely. So, I did not pay the installment of bank loan for last 15 months. At present, the bank loan amount stands at USD 23,000.00 including interest. The bank manager is now ready to sue against me and sell my business machineries as pay-off loan. In this situation, financially I am in a severe position.
Please help me to keep my business alive, not just for me, but for my family and the families of my business employees.
Thanks a lot for taking your valuable time to read my story. My heart always obliges your kindness.
Much more love and blessings to you all.
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