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

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