Spinning mill churning Golden Fiber

November 20, 2018

Al Hajj Shamsul Haque's mini jute spinning mill

Al Hajj Shamsul Haque is a seasoned jute trader from Kanaipur Bazaar, Faridpur. In his region, he is a pioneer of raw jute trading in the local jute mills and has been in this industry for a long time. Although the business picked up in the 90s, it started stagnating in the early 21st century. He was looking for new ways to improve and even involved his son to the business so that they can expand it together.

Al Hajj Shamsul Haque, Jute Trader

 

Group: Jute Trader Group 1

Original Product: Raw Jute

Area of Diversification: Mini Jute Mill, JDP

Amount of Investment: 1.5 Crore BDT

Source of Finance: Bank, Self

 

 

 

After joining Unnoty,an accelerator program of LC Impact, Mr. Haque came to know about product diversification and how it can help generate more revenue by diversifying portfolio.

Equipped with the knowledge, he met a bank with a plan to get financing for new business. He has successfully accumulated an amount of 1.5 crore taka and established a mini jute spinning mill. He has also involved his son to his business

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