Mi­cro­cre­dit yields linked with em­pow­er­ment

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Mi­cro­cre­dit will not yield de­sir­able re­sults un­til poor com­mu­ni­ties are mo­bi­lized to re­move fac­tors that pro­mote poverty, cer­tain phi­lan­thropists have said.

Speak­ing at a work­shop on poverty alle­vi­a­tion, they agreed em­pow­er­ing poor with small loans might par­tially ad­dress hunger and poverty. Even after pal­try dole-out or loan, poor con­tin­ues to live in slums and lacks pure drink­ing wa­ter and ed­u­ca­tion and health fa­cil­i­ties.

“Even the in­come gen­er­ated through mi­cro­fi­nance is in­suf­fi­cient to bridge the re­source gap cre­ated by ever- in­creas­ing food prices,” Mohsin Syed, a phi­lan­thropist, said. He ap­pealed to the plan­ners to al­lo­cate more re­sources for skill train­ing to en­hance in­comes of the poor. Their gen­er­a­tions would live in ex­treme poverty if they con­tinue to earn their liv­ing with­out mar­ket-based needs.

“Poverty is a so­cioe­co­nomic curse, de­priv­ing in­di­vid­u­als of food, shel­ter, ed­u­ca­tion, health­care, san­i­ta­tion, pure drink­ing wa­ter and dig­nity,” said Ejaz Go­har, who pro­vides Rs4.6 mil­lion monthly for kid­ney dial­y­sis of 200 pa­tients at Jin­nah Hos­pi­tal La­hore.

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