Help me to come out of this debt trap - My Business suffered a huge loss during the lockdown Zakat Eligibility: NO
Assalam Alaikum, Brother Nawed (soul bread earner of the family) is in dire need of help. He was a working professional in Lucknow, who was living a good life Alhamdulillah. Before lockdown he lost his job (incidentally after few months of his marriage), After that, he was not able to get any other job, and with times his savings wiped off, then he took a loan from the bank to run small scale business and it was shut down during lockdown, he tried a tea stall but the income wasn't enough to raise the EMI itself. Now the condition has escalated so much that he has been selling his wife's jewellery and some of his furniture to pay the EMIs
, with absolutely zero income, he just became a father of a child, with absolute zero income
, he is struggling between to earn a bread for his family and to clear his debts.
He is worried in case if he won't be able to clear the debts, and if some legal action is taken against him, how is his family gonna survive. If somehow we could help him clear his debts then at least he could earn some bread for his family.
Please, let us bring our hands together and sail this brother off the hard times.
JazakAllah Khairan Kaseerah.