Help Durga Prasad get free from the scary debt situation
Hi, my name is Duicy John and I am an NIT, Calicut alumni and am currently a homemaker.
I know Durga Prasad through his family who were employed in our gated community.
I'm trying to help them with 60 lakh debt from private financiers owing to a setback in their family business once they left their jobs here.
Despite having paid back Rs 40 lakh for the Rs 43 lakh principal amount taken 5 years ago, the debt has only grown to 60 lakh as the interest rates are exorbitantly high. I'm trying to raise sufficient amount to clear their debt with the private financiers as they are in desperate need for help and have reached the point where they are unable to do it with just their own effort. They are hardworking people and will be able to repay the amount collected through an interest free loan on a monthly basis.
Hence, the entire amount raised can be paid back within 8 years. That is, for every 1 lakh rupee collected, a monthly installment of Rs 1000 can be made and thus they can pay back the loan in 8 years. The efforts of four working members of this family won't be enough to pay back the interest amount they are required to pay monthly to the financiers, leave alone the principal amount. It would be amazing if you could donate to help this family through your generous contribution.
Thank you.
I know Durga Prasad through his family who were employed in our gated community.
I'm trying to help them with 60 lakh debt from private financiers owing to a setback in their family business once they left their jobs here.
Despite having paid back Rs 40 lakh for the Rs 43 lakh principal amount taken 5 years ago, the debt has only grown to 60 lakh as the interest rates are exorbitantly high. I'm trying to raise sufficient amount to clear their debt with the private financiers as they are in desperate need for help and have reached the point where they are unable to do it with just their own effort. They are hardworking people and will be able to repay the amount collected through an interest free loan on a monthly basis.
Hence, the entire amount raised can be paid back within 8 years. That is, for every 1 lakh rupee collected, a monthly installment of Rs 1000 can be made and thus they can pay back the loan in 8 years. The efforts of four working members of this family won't be enough to pay back the interest amount they are required to pay monthly to the financiers, leave alone the principal amount. It would be amazing if you could donate to help this family through your generous contribution.
Thank you.
You can also do a bank transfer to the below mentioned account setup for this fundraising campaign:
- Account number: 80808080101030877
- Account name: Durga Prasad
- IFSC code: YESB0CMSNOC
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3rd April 2018
Dear Supporters,
Our target was to raise at least 4 lakhs towards clearing the principal amount taken from some fellow villagers. Since only ₹36,000 could be raised, one lakh fourteen thousand is taken as loan from someone to pay up this year's interest with the assurance that Prasad's brother in law would work hard to finish off the principal amount.
Their house is being taken over by the debtors around & two of them are preparing property documents to take possession of their house. Every morning & night debtors faithfully visit their house making it difficult for them to even have their meals. Owing to the pressure, Prasad's dad Bhimanna was admitted in hospital for a week as he suffered severe asthma attacks.
Would request you to please start a support campaign and then share it with your friends and family to help us in raising funds faster. Thank you.
Our target was to raise at least 4 lakhs towards clearing the principal amount taken from some fellow villagers. Since only ₹36,000 could be raised, one lakh fourteen thousand is taken as loan from someone to pay up this year's interest with the assurance that Prasad's brother in law would work hard to finish off the principal amount.
Their house is being taken over by the debtors around & two of them are preparing property documents to take possession of their house. Every morning & night debtors faithfully visit their house making it difficult for them to even have their meals. Owing to the pressure, Prasad's dad Bhimanna was admitted in hospital for a week as he suffered severe asthma attacks.
Would request you to please start a support campaign and then share it with your friends and family to help us in raising funds faster. Thank you.
18th March 2018
Dear Supporters,
I'm really overwhelmed seeing the difference that we could make for the family. The only option in front of them one month ago was to end their lives and now there's hope& courage to thrive through. The debt has come down to 53Lakhs as 7 lakhs were given by trusted family members/friends of mine as interest free loans.
I support them as I know they're no gamblers living in luxury, but sincere , hardworking ,soft spoken people, who cannot stand the threats of private financiers.
Thank you for each penny donated through Milaap expecting nothing in return. May you receive rich reward for your generosity.
I'm really overwhelmed seeing the difference that we could make for the family. The only option in front of them one month ago was to end their lives and now there's hope& courage to thrive through. The debt has come down to 53Lakhs as 7 lakhs were given by trusted family members/friends of mine as interest free loans.
I support them as I know they're no gamblers living in luxury, but sincere , hardworking ,soft spoken people, who cannot stand the threats of private financiers.
Thank you for each penny donated through Milaap expecting nothing in return. May you receive rich reward for your generosity.
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Beneficiary:
Durga Prasad
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Supporters (10)
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A
Anonymous
donated
US $270
4 months ago
Sending lots of prayers to you and family. Lots of hugs and prayers to Duicy for taking the initiative, god bless.
K
KC
donated
US $100
5 months ago
A
Anonymous
donated
Rs.500
5 months ago
A
Anonymous
donated
Rs.500
5 months ago
A
Anonymous
donated
Rs.1,000
5 months ago
GB
Your share could help raise $100
