My name is Suneha and I have created this fund to help my father.
My father runs a real estate business, which he started around 15 years ago with borrowing money from the local lenders in our city. In the last few years, the economy and particularly the real estate sector was very down and we have suffered a huge setback in the business.
We were not able to sell our properties and were paying very high interest on debt (over 15%) so our debt kept growing at a compounded rate. Some bad investment decisions, some back luck, a significant decline in the real estate market and my father ended up with a huge debt.
My father has been handling this all by himself these last few years and only told me a year ago. He has been the strength for all of us during these difficult times. He kept on telling us not to worry and live our life, as he will handle all of this himself. But I know it is killing him to not be able to make this situation better. With the current economy, I know he can only do so much.
We have sold our home, any jewelry or anything we had to try to pay off some of the debt. My family tries to save almost all of the money we earn, but that is not enough to even pay the interest on the debt.
My parents mean everything to me in this world. I just want them to smile again. They are very simple and kind people and have never wanted much in life for themselves. They just wanted to give their children a better life. I just want to help them in any way I can.
I am sure we can get through this situation, we just need help. I don’t expect anyone to just completely bail us out but every dollar helps. Anything you can spare will be so incredibly appreciated.
Thank you from the bottom of my heart for your kindness and support.