Farz Foundation to create SME Village

Microfinance Focus, Sep 27, 2010: Pakistan’s Islamic microfinance institution, Farz Foundation has laid the foundation stone of its first SME village where it will build 20 homes along with various businesses including tunnel farming, cattle raising, dairy farms etc. The foundation intends to replicate such villages in flood hit areas.

Farhat Abbas, the CEO of Farz Foundation said on the occasion, “Building such villages is need of the hour to retrieve the situation after the flood. For the Farz Foundation was given another piece of land consisting of four acres where tunnel forming is being introduced immediately to facilitate those who lost their land. Through building and replicating such model villages we can fight hunger, disease, and turn Pakistan into a country of entrepreneurs”.   

Farz Foundation is already involved in relief efforts in 49 villages of Tehsil Atharah Hazari where about ten thousands houses have been destroyed and around 50 to 70 thousand have been severely affected in the floods.

Alongside the provision of foodstuff, the foundation is providing direly needed medicine as there is a disease outbreak in the affected areas. Through micro and small enterprise the foundation also intends to rehabilitate the livelihood of 70 thousand people.

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