Help Seniors overcome their Debt pile

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  • US$0.00
    raised of $40,000.00 goal goal
0% Funded
0 Donors
Raised offline: $200.00
Total: $200.00

No more donations are being accepted at this time. Please contact the campaign owner if you would like to discuss further funding opportunities

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First of all, I would like to apologize to you donors here due to the anonymity of the story here - I did not want to call out the names of the family I'm raising funds for.

This family is a middle class one. The now retired couple saved every dime in their early life and had built a house where they currently stay. Their son in law was running a textile business which took heavy downturn post various economic policy changes and was running out of revenue to pay the bills for his existing loan. Hence to help them close out their unsecured credits, this in-law family signed up their property as collateral to secure additional funds for meeting operational expenses of the business. But continued economic policy downshift and lack of revenue pushed the company to a state where it can never recover and interest payments to the bank went pending and sky-high. Bank is now prepping for auction of all properties given as collateral for loans including the ones of this old folks. Due to the fact that he was running the business, The son-in-law is ready to forego his property he has used as collateral for the loan but would wish to at least get his in-laws their hard earned home back. He is now working in a different company to meet his daily needs and the old retirees are also back as workers earning daily wages to support the family; however the sight of the hard earned home left for dismissal is tearing apart their hearts.

In order for the retired people to overcome this debt pile and to spend their remaining days peacefully, I request this grant from you as much as possible. Each of your contribution could help in a big way.

I assure that I could give you good assurance that these funds would just be used for the said purpose and I shall keep you posted for the updates periodically.

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US$0.00
raised of $40,000.00 goal
0% Funded
0 Donors
Raised offline: $200.00
Total: $200.00

No more donations are being accepted at this time. Please contact the campaign owner if you would like to discuss further funding opportunities