MICRO FINANCE / LIVELIHOOD
Getting out of the vicious circle of poverty is a daunting task. With the help of CDF mentoring and support services, locally run enterprises and home based business are being established through capital injection in the form of micro loans, technical training and linkage development. The direct beneficiaries are 80% women as their economic empowerment directly results in improving basic indicators. CDF has disbursed loans amounting to Rs. 2.995 million to 207 clients (44 groups) to strengthen and expansion of their businesses in first phase of its project intervention. The biggest portion of loans (37.68%) has been utilized in the livestock sector, followed by manufacturing (31.88%), commerce and trade (19%) and loans disbursed to setup small workshops, agriculture, food, and engineering businesses (11.44%).
Rs. 10,793,500 was disbursed to 400 clients (81 groups) in District Jhang in its second phase of its project intervention. Major utilization of loans was in the Livestock sector (36.38%), followed by Commerce & Trading (28.57%), manufacturing (25.25%), Agriculture (6.64%) and engineering (3.16%). In Layyah Rs. 549,500 was disbursed to 270 clients (54 groups), making it the biggest proportion of total loan outlay. Utilization by clients in Layyah is in the Livestock sector (51.11%), followed by Enterprise Development (44.81%) and Agriculture (4.07%).
Approximately 90% of population in CDF's target area is associated directly or indirectly with farming activity to generate their livelihood. Our target group; poor, are small farmers with land holding of less than 2 acres on average and they are stuck in generational debt due to the high price of agricultural inputs. To break this vicious cycle of poverty, CDF has initiated the idea of agri-mall which will provide timely, quality and quantity assured agri-inputs to the small farmers exclusively and support them with technical expertise of agricultural engineers, soil testing, agri-advice, crop selection, storage, value addition, packing, market linkages and collective bargaining techniques to increase their income and reduce dependency on high-interest loans against barter settlement of debt.