Women Societies

A cooperative ("co-op") is an autonomous association of persons who voluntarily cooperate for their mutual, social, economic, and cultural benefit through a mutually owned and democratically run enterprise. Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (consumer cooperatives) or by the people who work there (worker cooperatives) and take on a variety of forms, ranging from officially registered cooperatives to loosely organized groups of neighbors, family, and kin networks. Cooperatives are based on values like self-help, democracy, equality, equity, and solidarity. These values, among other aspects of cooperatives, are particularly useful in empowering women through membership. In statements in advance of International Women's Day in early 2013, President of the International Cooperative Alliance, Dame Pauline Green, said, "Cooperative businesses have done so much to help women onto the ladder of economic activity. With that comes community respect, political legitimacy and influence. Cooperatives allow women who might have been isolated and working individually to band together and create economies of scale as well as increase their own bargaining power in the market. 

However, despite the supposed democratic structure and the values and benefits shared by cooperative members, particularly women, due to gender norms and other instilled cultural practices, women suffer a disproportionately low representation in cooperative membership around the world. Representation of women through active membership (showing up to meetings and voting), as well as in leadership and managerial positions is even lower.

Women Cooperatives

  • Women section organize, register and supervise the working of, women Cooperative Thrift & Industrial Societies
  • Industrial Trainings for Women
  • Tailoring, embroidery, knitting, Fabric Painting, Flower Making, Beauty Parlor and other traditional trades trainings are given by the industrial societies.

Micro-finance to Women

In order to promote and uplift the economic condition of women at micro level, for supplementing the income of poor families and to alleviate poverty, a loaning policy for women cooperative societies in the province was launched.

Amount of Finance

The maximum limit of finance allocated will be Rs.0.3 Million - per society against its fixed / approved maximum credit limit (MCL). This finance shall, however, be disbursed equitably by the society amongst its member to a maximum of Rs 0.05 Million- per borrower.

Period of Finance

Four years with six months grace period repayable in 48 monthly or 16 quarterly installments at the option / convenience of the borrowers depending upon the nature of project.

Rate of Mark-Up

Rate of mark-up will be 16% p.a in case of default 2% penalty will be charge, in case of default of two consecutive Women Societies. Stats of all the Women Societies are given as below:

  • Total Societies

1484

  • Membership

47016

  • Share Capital

PKR 21.232 Million

  • Working Capital

PKR 53.802 Million

  • Microfinance Advance

PKR 139.497 Million

  • Balance Outstanding

PKR 38.610 Million

  • Industrial Centers

55