Farz Foundation appeals for microfinance support in flood hit Pakistan

Microfinance Focus, Aug 4, 2010: The real figures would only emerge when the flood waters recede from the cities and villages of Pakistan, but it is being feared that millions of small and medium businesses have been ruined. This makes the task of microfinance providers all the more important. The overall recession coupled with this destruction will plunge millions more into poverty.

Relief efforts are immediately needed but in the aftermath of flood, millions more would need the restoration of their businesses. So far, for the lack of documentation, it is almost impossible to ascertain the extent of loss.

The Farz Foundation is eager to train the human resource and suggests to simultaneously launch relief and business restoration activities. This also requires us to bridge the development sector and microfinance as it can achieve required sustainability as well. The Farz Methodology is also in line with the cultural and religious sensitivities of the hard hit area of Khyber Pakhtoonkhwah.

Owing to fund restraints, Farz Foundation can at least provide training to those who have resources to fight the outcome of this natural calamity.

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