40% of Pakistan’s population lives in multidimensional poverty.
That is nearly 4 in 10 people deprived of basic necessities of life. The poverty stricken population has scarce opportunities to improve their living conditions. Often, children cannot go to school and basic health requirements are not fulfilled. With rising unemployment, many people want to start a small business but their idea seldom materializes because of the general lack of access to low cost capital. The financial inclusion ratio in Pakistan stands at less than 15%. High interest rates charged by banks and even higher by informal money lenders is a major deterrent to entrepreneurship.
The underprivileged are trapped in a vicious cycle which is difficult to escape.
This is what led to the development of Seed Out, a not for profit crowdfunding platform which is working to end poverty by establishing micro-entrepreneurs through interest-free microfinancing. Sustainable income generation enables our micro entrepreneurs to be drivers of their lives, rather than mere recipients of charity.
Pakistan's 1st Interest free crowdfunding platform
Pakistan ranks 154th among 195 countries in terms of quality and accessibility of health care. (The Lancet)
Seed Out provides free of cost healthcare facilities at its partner hospitals and a Tele-Health service which allows easy access to health care.
The financial inclusion ratio is 20% in Pakistan, making it one of the largest unbanked countries in the world.
Seed Out extends financial inclusion to underprivileged communities and helps enhance the economic yield of its beneficiaries by helping them to establish or expand small-scale businesses.
Pakistan has the world's second-highest number of out-of-school children – an estimated 22.8 million children do not attend school. (UNICEF)
Seed Out makes sure that all entrepreneurs raised through its platform send their children to school.
Pakistan’s Female Labor Force Participation Rate is only 25%, representing a major loss of potential productivity.
Seed Out economically empowers women by helping them establish income generation streams. Loans to divorced and/or widowed women are provided on a priority basis.
How we tackle poverty?
We focus on poverty alleviation by creating micro-entrepreneurs through means of interest-free loans. The idea is to generate successful enterprise for the beneficiaries to serve as a source of sustainable income. Each donation made through Seed Out pays both material and symbolic dividends that are central to promoting opportunity, stability and entrepreneurship in a place that has seen very little of all three.
- 100% Cashless
We do not handover cash, instead we start the business for them. - 100% Interest free
Our mission is solely to help better the lives of the less fortunate, so profit is not a focus and the loans are free of interest. - 100% Transparent
Our interactive dashboards and open line of communication allows for easy real time tracking of a borrower’s progress and later, success.
