Tag Archives: Buksh Foundation

Buksh Foundation Clean Energy Lending Program – Access to Clean Energy through microfinance

Lahore, August 07, 2014 (PPI-OT): Buksh Foundation through its unique approaches is trying to fill the gap in the microfinance industry; it is trying to cater to the commonly faced problems by the majority of micro-enterprises of the Country. Foundation is directly impacting the lives of growing number of poor people throughout Pakistan living in peri-urban and rural areas of Pakistan.

In the escalating energy challenge of the Country, when there is lack of access to affordable and reliable energy sources Buksh Foundation emerged with its innovative solutions to cater to the growing needs of the energy impoverished communities.

Buksh Foundation laid ground for its Clean Energy Loan program in 2010, today; clean energy lending is one of the fastest growing areas of Buksh Foundation’s total portfolio. Currently, the program facilitates its clients with the help of three different portable solar generators that are a complete solar home solution, a solar kit fan and a solar lighting kit, that the organization has developed with the help of its sister concern Buksh Energy Pvt. Ltd. and has a team of trained staff which has the required skills and expertise.

Solar portable generators integrate photovoltaic modules, battery storage, and other balance of systems (BOS) components with a simple control interface, the solar generator is light and compact and can be transported easily from one place to another. To date, 770 energy loans have been disbursed at 6-12 month easily installment of about PKR25,000in order to support the cottage industry of the Country and provide sustainable income generation.

Fiza Farhan-CEO Buksh Foundation explained “The vision of Buksh Foundation always incorporated the notion of impact investment, which is highly essential in a Country like Pakistan which is facing black out for up to 20 hours in a day. Foundation’s involvement in the energy sector was a result of the swelling energy problem in the cities, towns and villages of Pakistan,She added.”

AsimBuksh-Chairman Buksh Foundation said “Buksh Foundation’s product line has been developed to provide direct and sustainable relief to clients. Solar portable generators are substantial enough to deliver power for services such as lighting, mobile charging and space cooling that is critical to types of micro-businesses that Buksh supports”

While energy deprivation is a condition faced by microfinance clients worldwide, the sector’s narrow focus on providing a limited number of microcredit products is a constraint that prevents more substantial involvement in energy.

Supporting electrification directly aligns with Buksh Foundation’s commitment to addressing multiple client needs over time, not just credit for general business needs. The enormous costs that result from unreliable, limited service – or no service at all – contribute directly to low productivity and economic insecurity. Buksh Foundation recognizes the critical link between energy access and commercial success, and this explains its commitment to clean energy lending.

For more information, contact:
Buksh Foundation
54 D-1 Sir Syed Road Gulberg 3 Lahore
Pakistan
Tell: +92-42-35716401-9
Email: info@bukshfoundation.org

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Buksh Foundation becomes member of Italian Development Committee-Lahore Chapter

Lahore, May 16, 2014 (PPI-OT): Buksh Foundation has become a proud member of the Italian Development Committee-Lahore Chapter. The IDC is committed to bi-lateral trade and investment between Italy and Pakistan with an aim to develop activities in aid of commercial exchange between Italy and Pakistan. The IDC assists enterprises to support the development of economic relations and any possible collaboration between entrepreneurs of the two countries.

AsimBuksh, Chairman Buksh Group was also present at the event, he said “it’s an honor for Buksh to become a proud member of the IDC; Men’s Store which is a premium retail brand store and sells high end luxury goods to its brand conscious customers, imports these premium quality products from Italy.”

“The retail sector of Pakistan is growing at a rate of 5.3% and viewed as attractive for investors, thus such memberships are significant to the growing retail market of Pakistan as they promote smooth trade relationships and friendly relations between countries.”He added

Fiza Farhan, CEO Buksh Foundation was honored with the title of Co-Chairperson of the Italian Development Committee at the 1st Executive Meeting. On this event she said, “Buksh Foundation and IDC shall develop relations for the economic and financial circles of the two countries. Italy has shown great interest in Pakistani market; $1.2 billion bilateral trade took place between the two trading partners last year. Such relations will give boost to both economies and will lead to healthy international relations.”

As the committee Co-Chairperson Ms. Farhan’s roles and responsibilities would be to represent, express and give relevant opinions to the board regarding trade, commerce, finance, industry, agriculture and related questions; providing healthy channels of communication within the business community and Governments of both the countries.

With the help of this membership, the Foundation would be able to promote trade and commerce between the two countries and bring international communities to table for promotion of Pakistani trade and commerce and bring back foreign direct investment in Pakistan.

For more information, contact:
Buksh Foundation
54 D-1 Sir Syed Road Gulberg 3 Lahore
Pakistan
Tell: +92-42-35716401-9
Email: info@bukshfoundation.org

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Buksh micro finance lending program supports micro entrepreneurs

Lahore, May 09, 2014 (PPI-OT): Buksh Foundation, an impact-led microfinance institution in Pakistan has made inroads in creating a self-reliant society by providing microfinance loans to women, individuals and societies in eradicating poverty and creating micro entrepreneurs.

In order to create a society where the under privileged are empowered and the economy is sustainable, Buksh Foundation is committed to its “impact investment” approach. The initiative brings together principles of business and development of independent societies to meet goals of poverty eradication and creating micro entrepreneurs across the country.

FizaFarhan, CEO Buksh Foundation said “Buksh Foundation moved away from conventional charity based approach of giving micro credit to disburse micro finance loans to create male and female micro entrepreneurs who can generate additional incomes for their families and raise their educational and health standards. Hence this financing is creating impacts at the grass root level in order to create a self-reliant society by providing microfinance to individuals who lack access to formal banking sector”

Asim Buksh-Chairman Buksh Group said: “Foundation does not only provide finance but also work towards capacity building and development of the low income groups through trainings in diverse areas such as leadership and business development services”.

Masooma Niazis a micro entrepreneur which Buksh created on its journey towards achieving development goals. She started her stitching unit at home to generate additional income for herself and her family with the help of Foundation’s micro finance.

“We live like a happy family now as me and my husband work together to take care of the children. We can now give our children better quality of food and send them to school, I plan to start an embroidery unit too by next year” Masooma shared her thoughts after becoming an entrepreneur.

In order to reduce income disparities and create equity, Foundation received support from Pakistan Poverty Alleviation Fund (PPAF), Deutsche Bank New York and State Bank of Pakistan.

Buksh Foundation was set up in 2009 as a Micro Finance institution with the vision to empower human lives and creating a society in which every individual has equal opportunity for a decent living

The Foundation believes in creating impactful model of creating micro entrepreneurs through its lending program. This turnkey model is creating impacts for the entire community as entrepreneurs become empowered and self-sufficient so that they can be the social and economic change agents. This holistic model is creating pillars of the community and will be the support system for creating a sustainable society.

For more information, contact:
Buksh Foundation
54 D-1 Sir Syed Road Goldberg 3 Lahore
Pakistan
Tell: +92-42-35716401-9
Email: info@bukshfoundation.org

The post Buksh micro finance lending program supports micro entrepreneurs appeared first on Business News Pakistan.

The post Buksh micro finance lending program supports micro entrepreneurs appeared first on AsiaNet-Pakistan.