Project Title: Phase III: APPEC Pakistan Loan scheme
Project ID: APPEC-2016-05-28
APPEC Point person: Dr. Adnan Khan Niazi
Proposed by: Adnan Khan Niazi (University of Perpignan, Perpignan France)
Location: All over Pakistan
Contact: adnan1753 AT yahoo DOT com
Total funds needed= 1000 euros
Summary of the project:
This is the phase III of following two APPEC projects (Phase I and Phase II). We are running successfully this project since April 2014 after receiving 2,25,275 PKR from APPEC in Phase I and 1 lakh in phase II. So far, interest free loans have been provided to 10 families, from the funds raised for this project. Four of them have successfully reimbursed the total amount that they borrowed while for 5th only 3000 remaining out of 25,000. The money has been re-injected into the project funds for providing qarz-e-hasna to more people.
A brief summary of the loans provided under this project is in the table below.
|3/4/2014||25000||Umar Hayyat Khan||Fruit cart to start own business||In progress(only 3000 remaining)|
|4/4/2014||60000||Tanveer Ahmad||Sister’s marriage||Reimbursement DONE|
|6/6/2014||30000||Abid Hussain||To buy motor Rickshaw to start earning for family||Reimbursement DONE|
|12/06/2014||50000||Wazir Khan||To get rid of loan taken on heavy interest rate.||Reimbursement DONE|
|04/08/2014||25000||Sher Abbas||For production of cotton (spray, water etc)||Reimbursement DONE|
|10/08/2014||60000||Javed Iqbal||To start small business and treatment of heart disease||In progress|
|15/11/2014||70000||Muhammad Yasin||Marriage of brother n sister||In progress|
|22/12/2014||60000||Abul Shakoor||To complete the contruction of house||In progress|
|02/03/2016||93000||Muhammad Harris||Study loan to complete his Degree||In progress|
|21/03/2016||40000||Ali Hamza||Study loan to complete his Degree||In progress|
As this project is contributing a lot and giving the results that we want, now we want more funds. In this way we can run more projects at the same time and also can extend the limit of loan to a bit higher. We will extend the amount in different phases. In this phase, we are going to collect 1000 euros.
Before we were running this project only in Layyah, Mianwali, Bhakar, Lahore and Rawalpindi but now we have extended this to all over Pakistan. There are many applications for loans mostly from students for study loan but for the moment we are unable to fulfill due to lack of funds. A quick and great help is needed from all of you.
Please contribute generously to contribute in the rehabilitation of these poor people of society and to make life easier for many people.
This project is NOT eligible for Zakat.
Target: 1000 EUR
Deadline: till completion
How to donate?
You can send your donations to APPEC’s bank account in France, APPEC’s bank account in Pakistan or APPEC’s Paypal account.
Please click here for your donations and drop an e-mail to firstname.lastname@example.org with your name and amount donated.
Please note that APPEC has CHANGED ITS BANK ACCOUNT since 24th december 2015. Before transferring your donation please ensure that you are using the correct details as given here.
Current status of total funds:
EUR 426.35 (update: 14.08.2016) [EUR 80 used from project APPEC-2016-06-10] [EUR 100 used from project APPEC-2016-06-11] [EUR 100 used from project APPEC-2016-06-12]
EUR 146.35 (update: 08.07.2016)
EUR 50.00 (update: 25.06.2016)
EUR 00.00 (update: 28.05.2016)
Funds released: EUR 425 (update: 17.08.2016)
Remaining funds with APPEC: Nil
This project is no more open for donations. BEFORE DONATING, please contact email@example.com, to confirm if your donation could actually be accommodated.