Following is the text of press release issued by Buksh Foundation
Buksh Foundation is successfully running its transportation lending program; aimed to empower the underprivileged in Pakistan and provide them with means for self-sustainable growth. Buksh Foundation is facilitating almost 8,000 microfinance clients to date, through productive loans, clean energy loans and asset creation loans.
The goal of Buksh Foundation is to help the less fortunate to escape clutches of "poverty cycle" with the spirit of entrepreneurship. Foundation is catering to the micro entrepreneurs and their transportation needs. After a thorough market analysis and keeping the client needs in mind,Buksh launched a unique product in the microfinance market in Pakistan named as "Transport Loan".
The Transportation loan provides the clients an opportunity to own brand new, high quality motor cycle through a hassle free and convenient process. This loan product has been developed in collaboration with Ravi Motors, which is the leading local motorcycle manufacturer in Pakistan. 4 high-techs, beautiful model are being extended through this facility and the pre-launch community response has already been phenomenal.
AsimBuksh-Chairman Buksh Foundation said: "This unique product is not being offered by any other MFI in the Country yet and we aim to make a revolutionary breakthrough with the realm of microfinance. It's impacts are immense and far reaching like the Foundation's other products/services for rural electrification and poverty alleviation and community development."
Fiza Farhan-CEO Buksh Foundation said "Transport loan is available for both peri-urban and rural microfinance clientele, who face a grave shortage of reasonably priced, secure and convenient road options. Poor rural inhabitants are the most unfortunate, who can only dream of owning such vehicles and were forced to travel by foot or a bicycle, Foundation has turned their dream into a reality".
Buksh Foundation has disbursed 450 transport loans to address the transport needs, generate asset ownership and simplify the lives of targeted clients by bringing a previously considered luxury to their door step. Hence, transport loans not only increase their standard of living, but also provide augmentation to their small business enterprises, increasing the monthly flow if income.
For more information, contact:
54 D-1 Sir Syed Road Gulberg 3 Lahore