| SAFWCO at Glance |
| 2. Credit and Enterprise Development (CED) Program |
The increasing poverty is major problem faced world over especially by developing countries. The rich and poor gap is widening at an alarming rate owing to which a large portion of world population is driven into poverty. When compared with urban areas, there is large number of poor in rural areas in under developed countries of world. As the major segment of population in Pakistan especially in rural areas live in and below the poverty line, therefore country is ranked as under developing country.
After research studies conducted and experimented, it is widely recognized that Credit and Enterprise Development (CED) is an effective tool to combat successfully against poverty by providing small loans to poor people at grass root level in generating income and self employment. Due to unavailability of collateral poor people are denied the access to banks and other financial institutions. But, extension of micro credit services to them at their door step brings a revolutionary change in their lives.
Since its foundation, Safwco is significantly contributing in alleviating poverty in rural Sindh. It established its full-fledged Credit and Enterprise Development (CED) Sector in the year 1992. Through CED sector, organization aims to empower the marginalized and deprived poor by providing different opportunities to promote their income and improve women’s participation in income earning.
CED provides micro credit facilities to poor households especially women at their door steps and supports them with enterprise development trainings with the support of Human and Institutional Development (HID) Program Safwco to generate income from micro and small-scale enterprise ventures. It also helps the poor into saving groups and facilitates relationship building with formal sector financial institutions. |
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| Sector Programs |
- Micro credit (MC) Program
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Capacity Building & Enterprise Development (CB & ED) Program
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Micro credit Initiative (MI) Program for NGO’s |
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GLOBAL AWARD FOR ENTREPRENEURSHIP |
| The global entrepreneurship award is being organized in Pakistan, which is amongst the eight selected countries every year. Different organizations/and MFI’s are called upon to submit the case studies of their clients to contest in the event. Accordingly Safwco also submits its successful case studies. Ms. Saleemat of village Solangiabad, Shahdadpur won the prize in 2004 and Ms. Bhagwand of village Maqsoodo Rind won the prize in the year 2005. Mr. Mohammad Essa of Shahdadpur won the prize in 2006 and Ms. Jam Zadi of village Bajhi Rind Shahdapdur won prize 2006 and Doonger Mal won the prize in 2007. In the year 2008 Ms. Shahzadi and Ms Jamzadi in 2009 are given the prize under the program. |
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| Progress of Program |
| Up dates Credit and Enterpirse Development Program |
Indicator Description |
As on June 30, 2010 |
Overall Clients served |
94495 |
Active Clients |
25012 |
Overall disbursement |
1145.298 millions |
Outstanding Loan Portfolio |
160 millions |
Overall recovery rate |
98.80% |
Average Loan Size |
12479 |
Loan Products |
7 |
Number of Field Offices in Sector |
15 |
Overall CED Staff Strength |
170 |
Service Charges (Pricing) |
20% flat rate |
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| Back | Read more |
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| Vision |
| Safwco envisions ‘sustainable communities achieving equitable economic, social, political and cultural development through grass roots development institutions. |
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| Mission |
| Safwco's mission is to mobilize the poor under a common platform and to support and to support them to carry out sustainable development |
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| Views & Openions |
Pakistan: One-room Revolution
By Zofeen T Ebrahim
Karachi, WFS)-Lal Khatoon was very Excited the night she learned to write her name for the first time in her native language, Sindhi.
Read More |
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