|
MicroCredit
|
|
Providing seed money for small businesses
stimulates entrepreneurship.
Over the last 30-plus years, SABA has provided funds
to over 5,000 people to start a variety of small businesses. SABA staff members
select needy families in remote villages, train them in a particular trade based on their capabilities, and loan them the money to help them get started (as small
as $75-100!). SABA continuously monitors their progress, follows up with them and
ensures they are on track to becoming independent. When necessary, additional help
is provided in the form of supplies or other resources needed by them to run a successful
business. Alhamdulillah, our loan recovery rate is 100%, as those we help gain pride
and self-confidence. Listed below are some examples of SABA’s efforts. |
Give a man a fish you feed him once,
teach him how to fish you feed him a life time.
My dear friends, brothers and sisters this is NOT A DONATION this is micro credit
(loan) which is returned and loaned again and again.
To me this is the best form
of Sadaqa Jariya. In some cases we have gone to a village and concentrated heavily
in that village. Other loans have been made in scattered places in different part
of the country from Karachi to Peshawar, Lahore and in between. In this village
we concentrated on real small ventures by creative ladies. Our staff educated them
in a 4-week course where they learn how to run and managed business and make a respectable
living. We identified twenty one young ladies and loaned them total of 7400 Rupees.
which is approximately 1400 Rupees average money loaned to each sister is approximately
$66.67.
|
|
Terrific news is that each and everyone
of them paid off their loan. And the same money has been loaned to other deserving
people.
|
|
Micro Credit loans as little as $100
|
- Poultry Farming
- Cabinet Maker & Shop
- Fish Farming
- General Store Shop
- Milk Producing Livestock
- Handicraft
- Tilla Work
- Trading (small shopkeeper)
- Fabric Business
- Shoe Store
- Bull Cart
- Knitting
- Teddy Goat Farm
- Mini Buffalo Farm
- Help in Agriculture
|
|
|
|
|
|