9. The freedom to move forward to new opportunities and to produce results comes from living in the present not the past
10. Opportunities People have skill, aptitude and potential to run and grow their businesses to improve and sustain their livelihood Community at grass root level have knowledge about basic banking procedures Community is mobilized, organized and have knowledge for effective utilization of money People in general have been gender sensitized through various interventions and female have more access to information, enhanced mobility and involvement in livelihood activities Female cooperatives (clusters) have been formed successfully and their link with local market has been established for value chain development People have established their businesses at small scale and now there is demand for more capital to expand their business to ensure their livelihood sustainable
11. Challenges Disaster in future is a major challenge to smoothly running any project in riverside or flood affected areas People are used to having financial assistance in terms of grants therefore there is potential threat that they might not be willing to repay the financial assistance received in form of loan(s) / credit Local money lenders can also be hurdle to effectively launch any financing based on Islamic mode Market capturing by conventional micro finance organizations might result in attitudinal change of people mindset
12. THANK YOUFor further details please contact:Research and Development DepartmentInstitute of Research & Social Development (IRSD), PakistanEmail: rnd@irsd.org.pkwww.irsd.org.pk
13. Thank You CENTER OF ISLAMIC BANKING & ECNOMICS Head Office: 192- Ahmad Block, New Garden Town , Lahore, Pakistan Ph: +92-42-35913096-8, 35858990, 38407850 Fax: +92 -42-35913056E-mail : info@alhudacibe.com Web: http://www.alhudacibe.com