I have been receiving a a lot of queries regarding the name, objective, guidelines and criteria revolving around the project 'Par tou-e-Noor'.
Let me discuss them in order:
Par tou-e-Noor is basically derived from Persian language meaning 'Ray of Hope'/ 'Ray of Light'. The said phrase is also used in urdu language. The theme of project is directed towards the hope that it derives from its vision and hence the name was best suited for the project.
The broad prospective of the project was catering to financial/ intellectual needs of beneficiaries (families) that have less or no access to functional products and are in transitory poverty circle. A little help can help them not fall into the vicious circle of chronic poverty.
The identification of beneficiaries and current project scope is being worked out in detail and it will be inappropriate to disclose the same before the draft is finalised by the partners mutually.
Currently the project is limited to provide micro- credit for small business, education and provision of professional advice on the aforesaid areas. However the project envisions extension of its arms to include micro-credit for machinery, income generation and foresee change maker for sustainability of community through income generation on self help basis.
The project in its varied form is being implemented in various parts of the world especially through various funds under the administration of Grameen Bank. However the purpose of Par tou-e-Noor was bridging the gap of accessibility of communities (currently Rawalpindi and Islamabad) to small financial products without interest and heaving administrative charges. It in no way competes with sister organisation or foundation in perspectives/ funds or access.
Being a staunch believer of written communication/ policy the details/ criteria/ costs and relevant legal formalities are being finalized. The same shall Be available by the month of June for review/ comments.
Once again I am grateful for the support, interest, cooperation and good wishes extended by dear ones and friends. I ensure that I shall contact each of you personally for your help and assistance in this cause.
Have a cheerful day!