Zain Ashraf Mughal, a Pakistani chief executive officer has been listed on 2019 Forbes 30 Under 30 Asia list. Zain is 28 years old and the CEO of a crowdfunded venture, Seed Out.
Seed Out is a non-profit, non-religious and non-political crowdfunding platform that was founded 4 years ago. The platform raised more than 600 entrepreneurs in 4 cities of Pakistan. The average funding per person was Rs90,000,
A press release stated, “Under Zain Mughal’s leadership, 1,600 children have gone back to school and left child labour.”
Seed Out was described as Pakistan’s, “first crowdfunding platform that works to end poverty by establishing entrepreneurs with interest-free micro-financing.”
It further said, “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 organisation helps to reinvest the sum into other projects.”
Forbes stated that Seed Out has 97% repayment rate. According to Forbes, Seed Out has a 97 per cent repayment rate.
Mughal upon receiving this honor said, “I am proud to have put my country on the map for work, and a narrative that is positive and progressive.”
Adding, “Accolades such as this help me further the vision and goals I have for my work, which is to eradicate poverty in Pakistan by cultivating an enabling environment for entrepreneurs to succeed with sustainability.”