[Year]

Farz Foundation and

AHAN Accord

Tariq Javaid

[MOU ]
Lahore: The first Islamic microfinance organization, Farz Foundation and Aik Hunar Aik
Nagar ( AHAN) has singed an MOU to cooperate with each other in the field of poverty
alleviation and construction of Farz SME villages.
MOU Signed Between Farz Foundation, AHAN
Lahore: The first Islamic microfinance organization, Farz Foundation and Aik Hunar Aik Nagar (
AHAN) has singed an MOU to cooperate with each other in the field of poverty alleviation and
construction of Farz SME villages.

The AHAN is a non-profit organization that works under the Ministry of Industries Pakistan, will
help facilitate the Farz Foundation in identifying the international markets and in taping and
training the talent to boost production and alleviate poverty.

AHAN will also train the Farz Clients in Product Development, Costing & Pricing, Market Trends,
Design Trends, Buyer Expectations, and other relevant disciplines.

It will also facilitate Farz Foundation to participate in exhibitions and international trade shows
to increase potential export market linkages for selected value chains with enterprises that can
meet international standards in pricing, quality control, and buyer demands.
The AHAN will assist Farz Foundation with the design and development of its website to ensure
that it meets international standards of quality and design.

The AHAN also intends to provide Farz Foundation access to its institutional knowledge,
including relevant reports or studies while linking Farz SME Village with relevant producer
groups and potential markets and also local service providers, it will provide market linkages
between producers and wholesale/retail buyers and end consumers.

It will assist Farz Foundation in developing a Market Research Database which shall include Farz
SME Village’s products from sales potential, market demand, potential pricing, potential
markets etc. The database would also include an inventory of artisans, crafts, retailers,
wholesalers, and traders of traditional products of Pakistan, among other players,
disaggregated these by gender and location.