5-583: Pakistan Poverty Alleviation Fund (PPAF) is a Pakistani not-for-profit company based on the model of public-private partnership. PPAF aims to promote an effective approach to poverty alleviation across Pakistan. A number of leading multilateral, bilateral, and international corporate institutions such as the World Bank contribute to PPAF’s poverty reduction goal by providing financial support and funds to promote grassroot development. This 'Fund' mostly helps by providing microfinance loans (very small loans) to
10-493: The 'Fund'. This article about an organization in Pakistan is a stub . You can help Misplaced Pages by expanding it . Not-for-profit A not-for-profit or non-for-profit organization ( NFPO ) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into
15-454: The organization. While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. An NFPO must be differentiated from a NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not operate with the goal of generating revenue as opposed to NPOs. An NFPO does not have
20-458: The same obligation as an NPO to serve the public good, and as such it may be used to apply for tax-exempt status as an organization that serves its members and does not have the goal of generating profit. An example of this is a sports club , which exists for the enjoyment of its members and thus would function well as an NFPO, with revenue being re-invested into improving the organization. These organizations typically file for tax exemption in
25-422: The very poor households to help lift them out of poverty. Pakistan Poverty Alleviation Fund (PPAF) is the leading agency for poverty reduction in Pakistan. Government of Pakistan also provides large amounts of money every year from its budget (Pakistani Rupees 1.584 Billion granted in 2016) to Pakistan Poverty Alleviation Fund . Large Pakistani corporations and wealthy individuals in Pakistan also contribute to
#716283