helping whole communities out of poverty
Food parcels and handouts offer temporary respite from hunger, but unless people are given the means to lift themselves out of destitution, the aid will eventually run out leaving only dependency.
Affordable and Sharia compliant financial services are central to addressing poverty. Microfinance services help the poorest earn a living, grow their businesses and create new jobs, pulling whole communities out of poverty.
Of the 500 million owners of small businesses worldwide, less than 2% have access to financial services like loans and credit. Islamic Aid’s programmes work hard to ensure that poor people have access to the financial tools and training they need to help lift themselves out of poverty.
Islamic Aid has been working on Islamic microfinance for more than 10 years helping poor people to increase their incomes and make their futures more secure, without compromising their religious beliefs.
Women generally face the greatest difficulties in finding work. Typically, when they are widowed or left abandoned with several children they have no skills to earn an income.
Islamic Aid makes a lasting difference in the lives of the poor by building the capacity of local communities to sustain themselves through:
Vocational training programmes (computer classes, tailoring, making handicrafts etc.) Islamic Microfinance; Interest-free loans to start small businesses. Widows welfare (training and microfinance). Distribution of livestock.
Promoting agriculture: distributing seeds and fertiliser, improving irrigation. Strengthening community governance.
The projects are also self sustainable as once the microfinance loans are repaid the money can be loaned out once more.
For examples of Islamic Aid’s livelihoods and Islamic Microfinance work, please click below:
Pakistan: Goat bank
Bangladesh: Living independently
Sri Lanka: Community organisations
Help break the cycle of poverty and empower people to make a change to their lives. Please donate now.