Alkhidmat offers interest-free loans fro new start-ups

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Alkhidmat operating 50 water filtration plants in Karachi: CEO Ali Baig

KARACHI: Alkhidmat Karachi tries its best to help the unemployed stand on their feet through its nationwide Mawakhat program.

Interest-free loans up to Rs50,000 are offered at easy installments through this program to struggling businesses or new start-ups.

The Skill Development Center in PIB, Karachi, also run under the Mawakhat program, imparts free technical training courses to unemployed youth to help them find a respectable avenue to make a living and contribute to their families as well as society.

According to Naveed Ali Baig, CEO Alkhidmat Karachi, millions of rupees were given in 2021 in the form of such microfinance loans, and hundreds of people have benefited from this initiative. Recounting the difficult days of lockdown during the pandemic, he said that many small business people had found it challenging to return their loans, requiring Alkhidmat to give them special a relief period. Many of them had recovered and expanded their businesses to the extent that they were now employing others.

He also highlighted Alkhidmat’s new initiative, the Skill Development Center, which runs free technical courses for unemployed youth to learn professional trades and become mechanics, tailors and electricians. New courses would be added soon, he said, and added that such efforts were possible only through the assistance and generosity of Alkhidmat’s donors and supporters. He mentioned that one month’s sponsorship for one student costs only Rs6,000 and called upon those with means in society to come forward and help Alkhidmat in such activities which benefit individuals and society as a whole.