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Hi, I am sahir, from Rajouri Garden Delhi.comming from a middle-class family like most of of you.we the middle-class families, generally don’t have a huge saving cushion for emergencies. Same was the case with us.
My family faced a huge loss in business in 2018. To compensate for the loss my father decided to take loan. He tried everything in his limited knowledge but he finally had to take a loan from the private financers/lenders at a very high-interest rate. He expected things to go better and repay the loan in time but the situation worsened. His every penny of the earning started to go in paying the interest only.
We were kind of trapped in debt and the load of debt is very heavy for a middle-class man’s self-respect. My father was not able to see any way out. So finally, with a heavy heart in late 2019, we sold off most of our assets that he earned with hard work and dreams, in order to get free from this debt. But even that was not enough. Even after selling off everything, we were left with the debt of 5 lakh rupees.
After this, the expenses started to increase again but now, the house was on rent, the shop was already on rent and the situation started to degrade to new depths. Then the corona happened! It worsened the situation to an unforeseeable level. Along with this, money-lenders started to put pressure on my father. At times they would come to our home and insult us in housing-society, sometimes they would send goons to terrify us. They had even abused and harassed him at his shop in front of his customers.
We were living in high shame and fear.
We have tried everything – asking loans to banks and NBFCs, asking our relatives but every gate is coming to be shut for us. We are hardly able to pull our regular expenses from the shop and my salaried income and few months back i also met an accident which multiplied miseries now i am scared that my father might take some wrong action again.
With no option, I have to start this fundraiser. It is not easy to ask for help to unknown people, but I am compelled. All I want is to repay this loan on time else it can again rise because of huge interests since income is very limited, so that our family can live a peaceful life.
We were kind of trapped in debt and the load of debt is very heavy for a middle-class man’s self-respect. My father was not able to see any way out. So finally, with a heavy heart in late 2019, we sold off most of our assets that he earned with hard work and dreams, in order to get free from this debt. But even that was not enough. Even after selling off everything, we were left with the debt of 5 lakh rupees.
After this, the expenses started to increase again but now, the house was on rent, the shop was already on rent and the situation started to degrade to new depths. Then the corona happened! It worsened the situation to an unforeseeable level. Along with this, money-lenders started to put pressure on my father. At times they would come to our home and insult us in housing-society, sometimes they would send goons to terrify us. They had even abused and harassed him at his shop in front of his customers.
We were living in high shame and fear.
We have tried everything – asking loans to banks and NBFCs, asking our relatives but every gate is coming to be shut for us. We are hardly able to pull our regular expenses from the shop and my salaried income and few months back i also met an accident which multiplied miseries now i am scared that my father might take some wrong action again.
With no option, I have to start this fundraiser. It is not easy to ask for help to unknown people, but I am compelled. All I want is to repay this loan on time else it can again rise because of huge interests since income is very limited, so that our family can live a peaceful life.
