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Islamabad—A client of the First MicroFinanceBank in Pakistan, Purdum Wali, won the “Best National Micro-Entrepreneur Award Male” at the recent Citi-PPAF Micro-entrepreneurship Awards 2010 ceremony held here this week. Purdum Wali, from Mastuj, Chitral, was awarded a cash prize of Rs. 200,000.
Ms. Hina Rabbani Khar, Minister of State for Foreign Affairs, presenting Purdum Wali with the Best National Micro-Entrepreneur Award, Male at the recent Citi-PPAF Micro-entrepreneurship Awards 2010 ceremony held here, says a statement of the Aga Khan Development Network (AKDN) here.
Another FMFB client, Sirajuddin from Chitral, also won the runner up Best Entrepreneur award in the regional category from the Khyber-Pakhtunkhwa region.
The objective of the Citi-PPAF Micro-entrepreneurship Awards Programme is to illustrate and promote the effective role that micro-finance plays in poverty alleviation. It recognises the extraordinary contributions that individual micro- entrepreneurs have made to the economic sustainability of their families as well as their communities.
Purdum Wali’s journey began a few years ago when he apd The First MicroFinanceBank Ltd (FMFB) for a loan to purchase a crop-insect spraying machine and some basic pesticides.
He was soon able to diversify his small business by offering vegetable and crops seeds and livestock medicine to his clients through his small shop. To increase his sales, he began providing door-to-door service to other farmers in the village, often travelling up to 15,000 feet above sea level in the mountainous areas of Chitral to assist his clients, providing them with livestock medicine, feeds and seeds etc. He was further able to diversify his business by taking a livestock loan from FMFB to start the business of rearing and selling livestock.
Posted in: Chitral
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