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Pakistan Country Brief |
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| Source
: The World Bank |
Total
Pages: 5 |
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| WEAVING
SUCCESS - Case Study by PPAF Media & Communication
unit |
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| Parago
has successfully completed three loan cycles with the PPAF/TRDP
micro credit program, taking loans of Rs 5000/-, 12000/- and
15000/- Having done that, Parago realizes the potential of his
trade. He says that if possible he would like to take credit
of Rs. 50,000/- payable in installments over five years. He
wants to invest this money in materials for carpets and shawls.
He wants to buy his own carpet loom so his children can work
directly for him and not for the intermediary. He knows that
if he can manage that his whole family will be self employed
and the money made from their handicraft will be theirs and
they will be more prosperous. |
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| Now,
Parago’s household income is enough to allow him to send
his children to school. The elder children could not go to school
at the right age because of financial constraints, but now the
younger children are going to school. "I wish I had been
able to send my older children to school" says Parago,
"but constraints make one helpless. It isn’t easy
to educate children when it means they will have to leave work". |
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| Recently
Parago paid back Rs. 20,000/- to the local lenders, went to
local village fair with his shawls and in 17 days, he managed
to earn a profit of Rs.13000/- However, he still has to pay
Rs.70,000/- to the professional lenders. |
| Parago
understands the importance of saving and while he regularly
makes payments to the lenders and runs his household more comfortably,
he makes it a point to save at least Rs.1000/- every month.
Parago’s financial condition has improved, yet he and
his family maintain a simple lifestyle. He has not bought a
radio or television and he explains that.,"The way we live
is the way our whole community lives. This is our way of life.
All that we require is that life is peaceful and without worries
about being indebted to lenders who charge usuary rates, that
we have food in our bellies and clothes to wear. A simple life
with better future for our children is all we want." |
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