Jan 14, 2010

Microfinance Helps Poor Families Build Safer Housing in Pakistan

Karachi, 06 January 2010 – Two institutions of the Aga Khan Development Network, The First MicroFinanceBank Ltd Pakistan (FMFB) and the Aga Khan Planning and Building Service, Pakistan (AKPBS), are launching a programme designed to help poor and low-income families make their homes safer, healthier and more energy efficient.

FMFB will provide needs-based, short to medium-term financial services (housing finance) for both structural and non-structural improvements to the houses. AKPBS will offer technical advice on seismic-resistant construction, sanitation and energy efficiency. For non-structural improvements, another AKPBS programme, the Building and Construction Improvement Programme (BACIP), will provide a range of products and services that include fuel efficient stoves, light and ventilation systems, and low-cost insulation methods. Housing finance will be piloted in Gilgit-Baltistan and Chitral during 2010 and launched in other areas in the future.

more @ >>> http://www.akdn.org/Content/951




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