SRSP Microfinance Services

Rural Finance is inaccessible to over 90 percent of the rural household in the Khyber Pakhtunkhwa. The reason for this extreme low outreach includes low population density; high dependence on agriculture and fewer economic opportunities. This has resulted into an increased cost of delivery and has increased credit risk for any service provider.

” Rural Finance is inaccessible to over 90 percent of the rural household in the Khyber Pakhtunkhwa.”

The reason for this extreme low outreach includes low population density; high dependence on agriculture and fewer economic opportunities. This has resulted into an increased cost of delivery and has increased credit risk for any service provider. To respond to the inherited challenges, SRSP Village Banking model (Community Managed Rural Finance) adequately addressed the issue of lack of ownership among the marginalized communities, socially mobilizing the perimeter and cost attached to the delivery of rural financial services in KP. The Sarhad Rural Support Programme remains at the forefront of transformative development with its village banking model. Embracing Sustainable Development Goals 1, 5, and 8, the program empowers the resilient and determined individuals in these communities, striving to forge a better future for themselves and their families.

 

 

SRSP has successfully mobilized 150,000 women across in 15 districts of Khyber Pakhtunkhwa.

This Village Banking model provides a great deal of autonomy and space to rural women, enabling them to make most key decisions themselves about the operations taking place at the village bank. Village banks act as key players in poverty alleviation, sustainability, and women’s empowerment. This model managed three kinds of funds Community Investment Fund (CIF), Micro Credit and Climate Smart Fund (CSF). Under these funds women are encouraged to develop entrepreneurial ideas that prioritize eco-friendly practices.

Village banking focuses on the steady availability of financial facilities as well as social facilities such as relief activities, economic, awareness campaigns, conflict resolution & linkages to the marginalized communities, helping them build physical and human capital. This phenomenon has helped rural women ensure responsible consumption of loans towards income-generating activities, and enabling them to play their role in the growth of enterprises.

Stories of Change

SRSP has taught us how to save on our own and improve our living. I had never though i would be able to stand on my own and earn a living. I see the change in attitude and respect i receive in my surroundings ever since my occupation. I fee contented, secure and independent now, something i never had.

 

Nargis from Nasir Kaley

I have never felt so excited, empowered, and confident in my life. I feel the tuck shop is something of my own and seeing people coming especially kids, as they are very keen to buy the candies, I enjoy selling the items and interacting with village people and specially children”.

Nahida from Panam Dheri