Please! help! I need to be a good father and save my Kids and family from bad debt

Hi,

My Name is Saiful Islam. (38) I’m a desperate father of 70 days old boy and 9 years old girl from Bangladesh.It is very unfortunate for me to request here to get some help for save my family from high rated personal loan (Approx 3000 usd).

Why the loan was taken :

My father is a retire government officer from 12 years. We are 3 brothers and 3 sisters. So we have spend our entire life as a lower middle class family.

All the income of my father was spend behind us and family maintains. My father can’t able to save single money. At 2009 After complete diploma on graphics design I was started my own graphics designing firm. I was invested total 3500 USD. Some Capital was borrowed (BDT 1,00,000/- Approx 1250 usd ) from some individual person. They were demanding a high rated (10%/month) interest. At that moment there was no way without borrowed when I was already invested $2500.My family were not able to support any capital for my new business and bank asking for mortgage, but I was unable to provide any mortgage.

The story is start from there. At the starting of my business my income was not sufficient to pay the interest of loan. At the moment my First child was borne. Ultimately my family expenses was increases day by day. I was unable to pay the interest of loan every month so the principal amount was added with principal and the amount were increased. I was pay my all income for paying interest only.

After 3 years of continuing my business I saw that my total principal loan amount were stands on (USD 3000). I was completely unable to repay the loan, I was scared about that person who give me the loan because the loan was taken against Blank Bank Cheque. I decided to sell my business and it sell only (USD 2000) .

At 2012 I repay USD 2000 from my principal loan. And I joined at a local private organization as publication officer. I am continuing repay the interest for the rest USD 1000/month from my salary from 7 years. Yes it is unbelievable but it is the reality and these were happened with myself.

I tried many time to repay the rest loan but I can’t. At January 2017 my wife become pregnant and become sick. At the period of pregnancy time I was totally unable to repay the interest of loan so at December 2017 it becomes double that means USD 2000. In the mean time at November 29 2017 my 2^nd Child was born. To pay the hospital bill I need to take some loan against credit card the amount is USD 500. And I was taken as advance from my salary USD 500. At present my total loan amount is usd 3000= BDT 250,000/-.

My current situation :

I live at Mymensingh City at Bangladesh with my 2 Kids and wife. I draw total BDT 12000/- (USD 150) after deduction my advance from office. Total interest for the existing loan is BDT 20,000/- My house rent is BDT 6000/- My elder daughter school fees and educational expenses is BDT 3000/-. So total expenses without food of my family is 30000/- BDT where my income is 12000/- BDT. In the mean time I was trying to start some online business and buy a Laptop installment basis. From November 2017 to January 2018 My total Income was $375. That means from last 3 months I can manage only 2/3 hours for sleep. I start working total 17-18 hours per day. Where 12 hours at my office and 6 hours at online.

Unfortunately Last 7 days I can’t buy any food for my family. They took only rice and some potato. As a father It is very difficult to tolerate this situation. My elder kids stop to gone school from February. Every morning the money lender visit my home and threaded me for pay money otherwise they take action as per law. I am very much scared because they have blank bank cheque at there hand of my. They can do anything. Today 12 march I received a phone call from Credit Card bank and they know me that I have to pay the credit card bill within 20 March otherwise they take action against me. What Can I do now? I am very frustrated and scared.

My little baby is not well I can’t take him to doctor after born. My wife is so sick. I am totally unable to take her at doctor. I feel that A big distance is already create with my kids, I can’t look at their face.

On the other hand my father become so sick. He also nothing to do without being depressed.

My opportunity :

Currently I have a job and I know Computer very well. I know Graphics Design, Photoshop editing, and Office management software. I am able to use my expertise commercially. I am confident about my skill and expertise. If I can repay the loan then I can easily maintain my family with my income otherwise I don’t know what will happen.

How the Donation is used:

I paid the personal loan first then paid the credit card bill and rest money will paid for adjust my advance salary at my Office. My family will maintain by my own earning.

At Last :

I was not thinking that I need to asking for some financial help. But at this time I have no way to take help other person. I believe in my mind that at the time of globalization, all of we are the member of a single community. Humanity were win every time.

I believe every single money will increase my breath every time and one step ahead to save my family. Please help me urgently.

Thank you

Md. Saiful Islam Roton