“Dignity for all in practice” is the umbrella theme of the International Day for the Eradication of Poverty for 2022. The dignity of the human being is not only a fundamental right in itself but constitutes the basis of all other fundamental rights. “There is a dire need to encourage Microfinance Institutions & Banks to support the vulnerable segments of society for the eradication of poverty”.
These views were expressed by the experts in Jang Economic Session on “Role of Cooperative & Microfinance Banks in Poverty Eradication and Economic Revival Challenges” held in Lahore on October 13th, 2022.
Mr. Barak Ullah-CEO Agahe Pakistan was amongst the panelists and shed light on the instrumental role that the sector has played towards the eradication of poverty, and even though we have only just scratched the surface, a lot more can be achieved with the active support of government and commercial banks. The role of Microfinance Institutions has become even more significant in light of the recent floods, which has resulted in the loss of precious lives, infrastructure and livestock.
Since inception, Agahe Pakistan has been actively engaged in the eradication of poverty by providing microfinance facilities to the vulnerable segments of society, especially women & youth, and has further undertaken various capacity building initiatives for its borrowers, resulting in self-sustaining businesses over a period of time.