The Pakistan Poverty Alleviation Fund (PPAF) on Friday announced to provide Rs238 million grant to finance 109 small-scale community development schemes in the poorest areas of the country.
The development programme would benefit over 40,000 marginalised communities in the districts of Rajanpur, Layyah, Dera Ismail Khan and Khyber Agency, said a press release by PPAF.
This financing would be used for small-scale infrastructure, water, energy, livelihood enhancement and protection and capacity-building schemes in four districts, the release added.
The assets would be transferred to the poor and ultra poor community organisations to sustain their livelihood while capacity-building trainings would also be imparted to the marginalised communities. PPAF’s partner organisation, South Asia Partnership-Pakistan, will execute these projects, it added.
What is PPAF?
A leading institution in providing microfinance credits, the PPAF is a not-for-profit company formed under public private partnership. Its operations are funded through credit from bilateral and multilateral lending agencies.
Since April 2000, cumulative disbursements of the PPAF, both lending and grant-based, stand at over $1 billion of which microfinance disbursements stand at $600 million, the press release said.
PPAF’s cumulative operational activities entailed over 4.7 million microcredit loans impacting 31.6 million people directly or indirectly.
Published in The Express Tribune, December 10th, 2011.