Income Generation scheme
In February 2022, we were able to purchase 6 loader rickshaws as part of a Microfinance project to erase poverty and uplift humanity. After the success of this scheme, in October 2022 we were able to expand this specifically to provide more loader rickshaws to reach more beneficiaries. The rickshaw is a 150cc loader rickshaw which can be used for multiple purposes.
This scheme aims to give those who are struggling financially a livelihood of their own, thereby empowering them. ASB focus on very remote and deprived areas of Pakistan where the Shi’a population is dense; the scheme enables beneficiaries to grow and start a new life.
Each beneficiary is provided with a brand new rickshaw at the cost of $1,430. This is paid back in monthly instalments interest free which makes re-payments manageable and allows the funds to be re-used to purchase another rickshaw within a matter of months to help yet another family.
In this tranche, WF-AID sent $16,500 to purchase 10 new loader rickshaws ASB was able to purchase 11 loader rickshaws with the funds for 10 for the prices quoted earlier. They went an extra mile to get the rickshaws from the company instead and they managed to purchase 11 and now 11 other families have a source of income.
What difference has your support made
According to market rate loader rickshaws price was higher than expected. To stay within the budget and help more people we purchased loaders directly from the company and got special discount. We managed to purchase 11 loaders instead of 10 that was the initial figure. Now we have been able to provide 11 loaders and a source of income to 11 different families.
How you helped people like shaban and will continue to do so with your generous donations
*Our partner on the groundreceived $16,500 from WF-AID, they have spent a total of $15,856.50. The remaining amount $643.50 is being carried forward for the next purchase of loader rickshaws.
*$121 was spent on branding and operational expenses.
*The ground partner was able to purchase 11 loader rickshaws instead of 10 at a discounted price.
Cost
