The son of a marginal farmer, Sheikh Amjad Ali left
school at age 14, in order to earn a living for his family. He took advantage
of the opportunity and grabbed a shop with the help of relatives who were
already involved in street business and landed up in Bhubaneswar.
 |
| Pravin and Sheikh Amjad Ali |
He started the business around 12 years ago, with an
initial capital of Rs 50000, out of which he paid a sum of Rs 18000 to BMC and
rest he invested in the business. Of the
initial investment, Rs 9000 was his own capital and the rest he borrowed from
his relatives. At present, he maintains stock worth Rs 80000. His daily sales are around Rs 2000-2500, with
a profit of Rs 250–400.
He understands the importance of insurance and has a
life insurance policy with his wife as the nominee. When asked about savings,
he replied- “kharch ke bad kuch bachane
ko rahta nahi hai”. He is tensed about the future because he isn't able to
save right now, what will happen when he has children. Despite his worries he
is optimistic.
No comments:
Post a Comment