Operations
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Operations
Competition and Expansion Strategy
The Tooba Foundation is not in competition with other MFIs. It is a completely different model which is free from interest and commercial considerations of all nature and dimensions, including sources of funding. This Organization closely follows the principle that success is not confined to sustainability of figures; how widely the model is replicated, how effectively and efficiently the poor are served is more important. Numbers overwhelm but saving the life of one person is akin to saving the entire mankind.
Policy Environment
The Tooba Foundation enjoys tax exemption granted by the Commissioner of Income Tax under section 2(36) of the Income Tax Ordinance 2001, hence all donations to The Tooba Foundation will be exempt from Income Tax.
Audit System
The Tooba Foundation believes in transparency. All accounts will be thoroughly audited and their results would be published without any alterations.
