Micro-Entrepreneurship & Waqf Fund — Lanao del Sur
Zakat-funded seed capital and mentorship for family-run enterprises, paired with a developing Waqf endowment for sustained support.
- Location
- Lanao del Sur, BARMM
- Timeline
- Started September 2024
- Region
- Bangsamoro (BARMM)
Challenge
Families in Lanao del Sur seeking to start or rebuild a small enterprise often have no access to affordable credit, and standard microloans carry interest that conflicts with their values.
Response
Zakat-funded seed capital is paired with business mentorship, structured as a Sadaqah-based grant rather than an interest-bearing loan, with a developing Waqf endowment intended to sustain the fund over time.
Impact
A number of family enterprises have received seed capital and mentorship, with the Waqf endowment still in early development toward long-term self-sustaining support.
Project updates
Second cohort of family enterprises enrolled.
First cohort received seed capital and mentorship.