scope of islamic micro financing in flood affected areas of south punjab by mr. qamar
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International Conference onIslamic Microfinance
CENTER OF ISLAMIC BANKING & ECNOMICS
Held At:
Faisal Auditorium Islamabad - Pakistan
Organized By :
Scope of Islamic Micro financing in
flood affected areas of South Punjab
Scope of Islamic Micro financing in
flood affected areas of South Punjab
Qamar IqbalDirectorIRSD, Pakistan
Qamar IqbalDirectorIRSD, Pakistan
Statistics of 2010 FloodStatistics of 2010 Flood
There have been more than 1,600 deaths
4,000,000 people have been rendered homeless
8,000,000 people have been identified as needing urgent assistance and medical care
Up to 20,000,000 people have been affected by the floods
Up to 3,500,000 children are in danger of contracting water and insect borne diseases
The floods have ruined over 1,600,00 acres of crops and 200,000 livestock have died
2010 Flood in South Punjab2010 Flood in South PunjabBreakdown of population affected by flood
Bhakkar: 27,866D. G. Khan: 513,390Khushab: 359,167Layyah: 405,258
Mianwali: 705,580Multan: 154,092
Muzaffargarh: 1,044,759Rahim Yar Khan: 232,648
Rajanpur: 1,506,361Jhang: 337,914
Sources of LivelihoodSources of Livelihood
Agriculture• Cash Crops (Sugarcane, Wheat, Rice, Cotton etc.)
• Seasonal Vegetables
Livestock / Poultry
Small Businesses
Home Based Businesses by Women• Stitching, Embroidery, Knitting etc.• Handicrafts from Natural Resources
Skilled and Non-Skilled Labor
Government or Public Sector Employment
Sources of LivelihoodSources of Livelihood
Initiatives for Sustainable Livelihood by Non-Profitable
Sector
Initiatives for Sustainable Livelihood by Non-Profitable
Sector
LIVELIHOOD CASH GRANTS (LCG)
CASH FOR WORK (CFW) SCHEMES
FOOD FOR WORK PROGRAMS
PROVISION OF LIVESTOCK & POULTRY
PROVISION OF AGRICULTURAL INPUTS
The freedom to move forward to
new opportunities and to produce results comes
from living in the present not the past
OpportunitiesOpportunities
People have skill, aptitude and potential to run and grow their businesses to improve and sustain their livelihood
Community at grass root level have knowledge about basic banking procedures
Community is mobilized, organized and have knowledge for effective utilization of money
People in general have been gender sensitized through various interventions and female have more access to information, enhanced mobility and involvement in livelihood activities
Female cooperatives (clusters) have been formed successfully and their link with local market has been established for value chain development
People have established their businesses at small scale and now there is demand for more capital to expand their business to ensure their livelihood sustainable
ChallengesChallenges
Disaster in future is a major challenge to smoothly running any project in riverside or flood affected areas
People are used to having financial assistance in terms of grants therefore there is potential threat that they might not be willing to repay the financial assistance received in form of loan(s) / credit
Local money lenders can also be hurdle to effectively launch any financing based on Islamic mode
Market capturing by conventional micro finance organizations might result in attitudinal change of people mindset
THANK YOU
For further details please contact:
Research and Development DepartmentInstitute of Research & Social Development (IRSD),
PakistanEmail: [email protected]
www.irsd.org.pk
THANK YOU
For further details please contact:
Research and Development DepartmentInstitute of Research & Social Development (IRSD),
PakistanEmail: [email protected]
www.irsd.org.pk
Thank You
CENTER OF ISLAMIC BANKING & ECNOMICS
Head Office: 192- Ahmad Block, New Garden Town , Lahore, Pakistan Ph: +92-42-35913096-8, 35858990, 38407850 Fax: +92 -42-35913056E-mail : [email protected]: http://www.alhudacibe.com