Pakistan • Uplifting poor sector of Society
- Sector: Uplifting poor sector of Society
- Headquarters Country: Pakistan
- Founding Year: 2001
- Operating Regions: Pakistan, Nigeria, Uganda, Afghanistan
- Employees: 800 Branches, 1474 Persons
- Founders: Dr Amjad Saqib
- Problem Identified: Dr Amjad Saqib the founder of organisation realized during his job as Govt Employee that conventional microfinance institutions are charging a interest rate of 18-32% on loans. So it was really hard to for middle and lower class of society to start their business or educate themselves.
- Solution Offered: In 2003, Muhammad Amjad Saqib resigned from the civil service and founded Akhuwat, with the support of his civil service colleagues and friends, which provides interest-free microcredit to the poor. Akhuwat Foundation started in 2001 with the first few interest-free loans which were given to the poor for helping them earn a living in a decent way. Akhuwat has five core principles on which all of its programs function. These include interest-free microfinance, use of religious places, non-discrimination, spirit of volunteerism, and converting borrowers into donors.
- Social Impact: Akhuwat has five major programs - Akhuwat Islamic Microfinance (AIM), Akhuwat Education Services (AES), Akhuwat Clothes Bank (ACB), Akhuwat Khwajasira Support Program (AKSP), and Akhuwat Health Services (AHS). The underlying goal of all these programs is to provide financial access and support to the poor. 4.8 MillionBeneficiaries all over Pakistan 500,000 Patients treatment 140 Billion PKR Disbursed in interest-free micro-loans 2.7 Million Clothes collected & distributed amongst the needy 300 Schools 3 Colleges 47000+ Students
- Contributors: Pakistani Citizens
- Funding: Donations from general public
- Awards: Islamic Economy Award presented at the Global Islamic Summit by Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai and Thomson Reuters recognizing Akhuwat's contribution to Islamic Economics (2018). Ramson Magsaysay
- Website: https://akhuwat.org.pk/
- Instagram: https://instagram.com/akhuwatofficial?utm_medium=copy_link
- Twitter: https://twitter.com/Akhuwat?t=ascqkTiL-TLiUBpvmN2CsA&s=09
- LinkedIn: https://pk.linkedin.com/company/akhuwat
- Video: https://youtu.be/mFRAv82rZ_Q
