Dear kind supporters, I am seeking your help to overcome a financial crisis that is severely affecting my mental well-being and my ability to focus on building a better future.
In 2019, I managed to get a student loan, tenure of 6 years, from a private lender after I submitted the acceptance letter without any collateral. The loan included a 6 months moratorium period. I graduated in April 2023 and with the help from one of my friends, I managed to secure an online data management job in May 2023. Moratorium period ended and I started paying EMIs from November. Everything was going as usual until July this year. I got laid off in July, 2024. With no income, I began crediting my loan account with my savings.
Since then I have actively sought various opportunities, including part-time delivery jobs, to potentially work as a STEM content writer, data manager, etc. but faced a heavily saturated job market with very little to no vacancies. For 2 weeks, I worked as delivery-guy, but the salary was brutally low and pay days were inconsistent in my area. I searched for 3 months, no luck. This financial setback forced me to rethink my career path and focus on long-term goals.
During my undergrad years, I discovered my passion for physics, a subject I find both fascinating and fulfilling. But due to other academic commitments and majoring in a different STEM field, I couldn’t dedicate myself to it fully. Given my circumstances, I’ve resolved to pursue this passion and work towards teaching physics and math at the BSc level. I believe I can excel as an educator on online/offline platforms with focused preparation.
In October, I committed to this plan and while addressing my financial situation, I though I must utilize all of my savings to at least minimize the Principal amount and the interest. That way I could bring everything down as the EMIs were pulling a lot from my savings. So with literally all my savings that I’ve been saving since University days, financial support from my parents and a few relatives, contribution from a very close friend and after selling quite a lot of my personal items, I managed to submit 80% of the amount. This led to the loan being restructured, leaving a remaining principal of approximately $1,200.
However with no savings left, I couldn’t meet the EMIs for November and December. These defaults have drastically impacted my credit score which is not the main thing. Most importantly, how would I pay the next EMIs? My parents, despite their limited means, have supported me as much as they could. I even attempted to secure a loan with collateral (a motorbike), but it was rejected due to its insufficient value, bad credit score and associated risks. My father’s offer to act as guarantor was also rejected given his retired service (job) status and his personal financial constraints.
Feeling overwhelmed and desperate, I have stopped asking my parents and relatives to reduce their burden and try to figure things out independently.
I humbly appeal for your financial assistance. This pending principal has become a huge obstacle, draining my mental energy and focus. My thoughts are consumed with fears of financial consequences after 1 more month of skipping EMI that will push me to a Non-performing asset making things even worse, debts owed to those who helped me the best they could and the looming impact on my future. I cannot focus on my studies which are crucial for achieving my career goals.
I’ve made mistakes, like failing to prepare for financial sustainability during university and delaying my focus on a long-term plan. I’ve learned my lesson the hard way. Time is slipping away and I can’t afford to waste any more of it. I hope you understand.
Your generosity could help me clear this financial hurdle and give me the clarity and peace of mind I need, to focus on studies and career. I am confident that with hard work and determination, I can secure a job within the next 6 months and build a sustainable and meaningful career.
I beg for your financial support. I need to have at least $1200 so as that I can completely close the loan. If you’re unable to do for any reason, no issues at all. I request you to please forward it to your colleagues, friends, parents, close relatives or to others who could help. Even individual donations of $20 could help me reach my goal in no time.
My PayPal: https://paypal.me/tradehere348
If you like to help, I request you to please use “Goods and Services” for donations as friends and family option is not accepted here in my country.
With heartfelt gratitude,
Biswajit