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Pakistan

Web Desk
April 4, 2019

Pakistani CEO named in Forbes 30 under 30 Asia list of social entrepreneurs

Pakistan

Web Desk
Thu, Apr 04, 2019

Pakistan chief executive officer Zain Ashraf Mughal become a shining light to the country as he secures a spot in Forbes 30 under 30 Asia list of Social Entrepreneurs in 2019.

The 28-year-old CEO of a non-profit, not-political and non-religious crowdfunded venture capital, Seed Out, has scored a spot under the prestigious list as it raised over 600 entrepreneurs in four Pakistani cities with a funding of Rs90,000 per person that has put at least 1,600 children into schools.

According to the Forbes website, the crowdfunding platform “works to eradicate poverty by establishing entrepreneurs with interest-free micro financing. Donors can choose to donate or lend to projects listed on the nonprofit’s website and can track progress along the way. When repayment is made, the organization helps to reinvest the sum into other projects.”

It further adds: “Seed Out has a 97% repayment rate and has helped 538 locals raise funding.”

The profile also mentions that Mughal has also been presented with other notable accolades like the Commonwealth Youth Award which he won in 2018.

The official Instagram page also announced the CEO’s big win saying: “A proud moment for Seed Out! The eminent US based magazine, Forbes has recognized Seed Out's president and founder, Zain Ashraf Mughal in its list of 30 under 30 social entrepreneurs for the year 2019.”