117. Phase IV: APPEC Pakistan Loan scheme

By | June 23, 2017

Project Title: Phase IV: APPEC Pakistan Loan scheme

Project ID: APPEC-2017-06-23
APPEC Point person: Dr. Adnan Khan Niazi
Proposed by: Adnan Khan Niazi (University of Agriculture, Faisalabad Pakistan)
Location: All over Pakistan
Contact: adnan1753 AT yahoo DOT com

Total funds needed=  1000 euros

Summary of the project:

This is the phase IV of following APPEC projects (Phase I, Phase II, Phase III). We are running successfully this project since April 2014. We want to collect more money for this project so that we can provide loan to more needy families.

So far, interest free loans have been provided to 22 families (worth 10 lakh), from the funds raised for this project. Seven of them have successfully reimbursed the total amount that they borrowed while 5 families had partially reimbursed.  The money has been re-injected into the project funds for providing qarz-e-hasna to more people.

Total amount received in PKR: 4,83,275 but 2,26,000 is blocked in long term study loan to 2 students for 2 years. So working amount is only 2,57,275.

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 for the rehabilitation of these poor people of society and to make life easier for many people.

A brief summary of the loans provided under this project is in the table below.

Date Loan (PKR) Name purpose status
03/04/14 25000 Umar Hayyat Khan Fruit cart to start own business 1800 remaining
04/04/14 60000 Tanveer Ahmad Sister’s marriage Reimbursed
06/06/14 30000 Abid Hussain To buy motor Rickshaw to start earning for family Reimbursed
12/06/14 50000 Wazir Khan To get rid of loan taken on heavy interest rate. Reimbursed
04/08/14 25000 Sher Abbas For production of cotton (spray, water etc) Reimbursed
10/08/14 60000 Javed Iqbal To start small business and treatment of heart disease Reimbursed
15/11/14 70000 Muhammad Yasin Marriage of brother n sister 14000 remaining
22/12/14 60000 Abul Shakoor To complete the contruction of house Reimbursed
02/03/16 93000 Muhammad Harris Study loan to complete his Degree In progress
21/03/16 40000 Ali Hamza Study loan to complete his Degree In progress
12/11/15 30000 Ameer Khan House reconstruction damaged by earth quack In progress
28/12/15 35000 Parvaiz Akhtar Shop augmentation 25000 remaining
30/06/16 60000 Sher Khan House construction in progress
01/09/16 30000 Sher Abbas cotton spray Reimbursed
25/12/15 35000 Jaffer Hussain For his own marriage 12000 remaining
24/08/16 93000 Ali Hamza Study loan In progress
24/08/16 13500 Faiza Usman Study loan In progress
17/09/16 45000 Muhammad Zamman For his own and her sister’s marriage 12000 remaining
19/09/16 80000 Hakim Khan To buy agricultural land In progress
21/04/17 26350 Abdul Khaliq Niazi marriage of two children In progress
27/05/17 20000 Asifa Bibi To return loan In progress
18/05/17 20,000 Kousar Maqbol To run beauty parlor in village In progress

Donations Eligibility:
This project is NOT eligible for Zakat.

Fund Raising:
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 UK, APPEC’s bank account in Pakistan or APPEC’s Paypal account.
Please click here for your donations and drop an e-mail to treasurers.appec@gmail.com with your name and amount donated.

Please note that APPEC has CHANGED ITS FRENCH BANK ACCOUNT since 10th July 2017. Before transferring your donation please ensure that you are using the correct details as given herePlease contact treasurers.appec@gmail.com for all your questions.

Current status of total funds:

EUR 00.00 (update: 25.08.2017)(EUR 579.17 released)

EUR 579.17 (update: 23.08.2017)
EUR 569.17 (update: 23.08.2017)
EUR 10.00 (update: 25.07.2017) [Funds used from project APPEC-2016-02-26: EUR 559.17]
EUR 00.00 (update: 23.06.2017)

Funds released: EUR 579.17

Funds remaining with APPEC: NIL

This project is no more open for donations. BEFORE DONATING, please contact treasurers.appec@gmail.com, to confirm if your donation could actually be accommodated.

One thought on “117. Phase IV: APPEC Pakistan Loan scheme

  1. Pingback: School for girls’ basic and Islamic education in remote area of Mianwali – APPEC

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