Name:
Riaz Shahid
Home Town: Mehmoodabad, Karachi, Pakistan
Business: Pann & Tobacco Shop
Loan: Rs 50,000
RIAZ SHAHID runs a paan and tobacco wholesale business in Mehmoodabad. He has run this business for the last 15 years and until recently, never had the opportunity to improve his earnings. “Things were going okay, same expenses, same profit, but when I heard that I could take a loan, I suddenly thought, wow, I can afford to do so much more and not just struggle to get by!” Now, with a loan of Rs 50,000 from Tameer, Riaz is able to purchase optimum levels of wholesale produce and his monthly earnings have increased by 40 – 50%. He would like to apply for a top up in a few months and is opening a savings account at Tameer. Riaz lives above his shop with his wife and children.