Translate this page

English Arabic French German Greek Swahili Turkish

20 January 2019 / 13. Jamaad-Ul-Awwal 1440

NEWSWIRE: Wheels of Fortune

Updated on 28 November 2018

We have started an exciting microfinancing project in the transport industry! 

We are currently working with India Federation to help young people in India start-up Uber and Ola businesses. These two companies are amongst the most popular transport providers where individuals can earn money as independent contractors by giving rides to customers.
 
The unemployment rate amongst the youth in India is particularly worrying and is one of the driving forces behind this self-sustaining opportunity
 
We intend to fund the purchase of cars for those whom we have vetted as deserving applicants and allow them to set up individual transport businesses. These car owners will receive the funds as interest-free loans, with a monthly repayment over 2 years.
 
The lifetime of the cars is approximately 7 to 9 years and this gives the owners plenty of time to uplift and establish the situation of their families. Once the loans are paid back, we intend to recycle the new funds back into the project to give new applicants a similar chance to provide long-term stability for their families.
 
For more information about this project and our previous work in India, please click here.

To donate to this cause, please click here
(search for Micro-Finance)

Related News


Imam al-Sadiq (as) said: “One of the things which gives one obligatory entrance into paradise and forgiveness is feeding a starving person,” then he went on to recite the verse of Allah in the Qur’an: “or feeding (the needy) on a day of starvation.”


Did you know you can raise funds for The World Federation while you shop online? Easy Fundraising is a company which has partnered up with many popular retailers, such as Amazon, John Lewis, Boots, ASOS, Tesco and many insurance and utility companies so that when you buy something from their websites, a percentage of the money goes to us!


The International Development’s Relief division is the humanitarian arm of The World Federation of KSIMC where we aim to provide practical solutions for the different challenges faced by men, women and children around the world who lack basic provisions in regions of deprivation, war and natural disasters.