As one of the nations main promoter of financial inclusion, Karandaaz Pakistan has signed financing agreements with 15 profitable feminine entrepreneurs who took half in the Girls Entrepreneurship Challenge – 2017.
The entrepreneurs will obtain grants and funding worth an estimated PKR 64 million to develop their companies. The Problem, funded by UKs Division for International Development (DFID), facilitates the expansion of women-led companies by offering them technical help and a chance to lift investments from Karandaaz.
More than 650 women-led companies utilized for the 2017 Challenge, of which 36 acquired enterprise development training through Karandaazs companion organizations: Invest2Innovate (i2i) and a consortium of the National Incubator Facilities of Lahore and BUITEMS, Quetta.
Talking on the event, Ali Sarfraz, CEO Karandaaz explained,
Karandaaz partners with ladies entrepreneurs to allow them to understand the true potential of their concepts. We’re comfortable to share that the Women Entrepreneurship Problem 2018 is presently accepting purposes from extra women-led companies and this time we have deliberate to offer the chosen companies customized help. They might even be eligible to obtain financing from Karandaaz on the finish.
Shumaila Afsheen, Owner of Sprinkles Café, Quetta and a recipient of a grant from Karandaaz is of the opinion that:
Amneh Shaikh Farooqui, co-owner of Polly and Other Tales, a If a lady is usually a pilot or an engineer, then why cant she begin a business? Women should problem these standard concepts. I had began a enterprise however didn’t know how one can make a proper marketing strategy, outline procedures, and keep accounts. Karandaaz educated us in quite a few these facets.enterprise that works with rural artisans and companies throughout the nation stated:
While you purchase a product from rural artisans, the cash you give them goes into paying the electricity bill and sending kids to highschool. Polly and Other Tales plans to make use of financing from Karandaaz to develop their enterprise and have interaction more women artisans and smaller rural companies.
Patricia Seex, DFIDs Head of Financial Development, talking on the event, stated:
The aim of this undertaking is larger than supporting these women to develop their companies and create jobs for others. It would create position fashions to encourage different ladies entrepreneurs. And present to banks and other financial actors that investing in womens enterprise is nice for social and monetary returns.
Karandaaz Pakistan and its sponsors, the United Kingdoms Division for International Development (DFID) and the Bill and Melinda Gates Basis, have a deep commitment to enhancing entry to finance for women in Pakistan. The Girls Entrepreneurship Problem is among the many initiatives that the group has taken to accelerate womens financial participation and monetary inclusion.