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Name:
Abdul Aziz
Country:
Pakistan
Gender:
Male
Age:
47
Amount:
$200
Purpose of Loan:
Microenterprise Development (MED)
Abdul Aziz
Under one of its flagship program, HHRD facilitates and supports livelihood opportunities and micro enterprise development for poverty alleviation through provision of Interest Free Microfinance.
Interest - Free - Microfinance
Sadaqa-e-Jaariya
Interest-Free Micro Finance Program (IFMF)
Qard Hasana-Financing (Interest-Free Loans)
QARD HASAN is meant for consumption and social needs. It may work as a relief in emergency situations such as renovation of houses in the area of Housing, works as Liberation loan in making repayment of loans to other MFIs etc. No interest or profit is charged on these interest free loans. It is a safety net which is provided to the poor.
Murabaha-Financing:
MURABAHA is trade based mode of finance based on “cost plus” pricing. It may be given for Agriculture inputs like seed, fertilizer, feed & fodder and live stock as well as handicrafts & cottage industries for purchase of equipments & machines etc.
Mudarba-Financing:
MUDARBA is a mode of finance which HHRD uses for microenterprise development. Working capital is provided to the beneficiaries on mutually agreed/signed memorandum of understanding (MOU) envisaging ration of sharing profit. This mode may also be used in Livestock area for fatting/breeding and milking etc.
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Success Stories
Amna Mushtaq,
age 30 living with her husband, trying to move her family upward on the rung of socio-economic development. Her family suffered the calamity of land sliding due to earthquake 2005. The recent monsoon rains also caused damage to her house.
Learn More
Amna Mushtaq
Jan 14, 2011
Amna Mushtaq, age 30 living with her husband, trying to move her family upward on the rung of socio-economic development. Her family suffered the calamity of land sliding due to earthquake 2005. The recent monsoon rains also caused damage to her house. In this challenging situation she started her own home based business of poultry with six golden layers.
Helping Hand assisted her by providing an interest free Loan (Qard e Hasna) of rupees 10,000 for scaling up her home based poultry business. She bought 30 layers golden hens using this amount and managed to increases her income up to 5000 rupees per month by selling two dozen eggs per day. She showed her commitment and capacity to manage a flock of 100 layers for economic empowerment of her family.
Mode of Islamic Micro financing
Qard e Hasna
Name:
Ms Amna Mushtaq
Village
Malik Pura Lamnian (AJK)
Gender:
Female
Age:
30 yrs
Education:
8th grade
Business:
Community Organization Malik Pura Lamnian
Purpose of Loan
Poultry
Loan Amount
Rs 10, 000 Equivalent US $ 118
Recovery Rate
100 %
Family size
06
Sir Injam
is the only bread earner for the livelihood of his 07 member's family. In an accident he lost his one leg and arm Consequently he also lost his job. Despite of this tragedy, he has not lost his hope. With some help from friends, he started a small tuck shop in a room of his house.
Learn More
Sir Injam Khan
Jan 14, 2011
Sir Injam is the only bread earner for the livelihood of his 07 member's family. In an accident he lost his one leg and arm Consequently he also lost his job. Despite of this tragedy, he has not lost his hope. With some help from friends, he started a small tuck shop in a room of his house.
Mashallah, he is earning rupees 8000 per month from this small shop and wish to increase this amount with more investment. He requested an amount of US $ 500 under Islamic Micro finance program of HHRD.
Mode of Islamic Micro financing
Murabahah
Name:
Sir Injam Khan
Village
Sakhakot, Malakand
Gender:
Male
Age:
34
Education:
Middle
Business:
Community Organization Sakhakot, Malakand
Purpose of Loan
Tuck Shop
Loan Amount
US $ 500
MFO Name
Kamran Khan
Family size
11
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