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ALLEVIATING POVERTY
AKHUWAT
March 17, 2015
Dr. Muhammad Amjad Saqib
HOW DID WE START?
Extreme Poverty
OUR RESPONSIBILITY
Surrender
Or
Struggle
WHICH AREA SHOULD WE FOCUS ON?

Education

Health

Population Welfare

Housing, Environment/Human Rights

Employment
MICROFINANCE:
Another option and a reliable
strategy for poverty alleviation

First loan

What happened to this loan?
……. Rest is History
AN ORGANIZATION FOUNDED –
AKHUWAT
Features

Interest free Loans

Link with Mosque and Church

Local Philanthropy - Volunteerism

Transforming Borrowers into Donors
PHILOSOPHY
MUA’KHAT - E - MADINA
PROGRESS AND
ACHIEVEMENTS
PROGRESS & ACHIEVEMENTS







Total Loans:
800,000
Amount Disbursed:
Rs. 14 billion
Branches:
350
Cities:
230
Active Loans:
350,000
Recovery percentage:
99.7%
Types of loans: Productive,
liberation, Housing, Educational,
Health, Emergency
PUBLIC PRIVATE PARTNERSHIP
A New Initiative
By
AKHUWAT
CHIEF MINISTER’S SELF
EMPLOYMENT SCHEME

Govt of Punjab created a QH fund of Rs. 1
billion (Started November, 2011)

Urban Areas priority to women, skilled youth

Management out sourced to Akhuwat

All principles of Akhuwat to be followed

Progress (Loans 563,780 Disb. Rs. 10.1 billion)

The fund has reached Rs. 4 billion
PRIME MINISTER’S INTEREST
FREE LOANS SCHEME

Rs. 3.5 billion.

Outsourced to Pakistan Poverty Alleviation Fund

25 Partners

Interest Free Model

Chief Minister’s Self Employment
Scheme - Gilgit Baltistan
TYPES OF BUSINESSES
ROLE OF MOSQUE
A Loan Disbursement Event in a Mosque
A Loan Disbursement Event in a Mosque
Awareness Event in a Mosque
Akhuwat Event in a Mosque (Chiniot)
41
Akhuwat Event in a Mosque (Mithan Kot)
Akhuwat Event in a Mosque (Rajan Pur)
Akhuwat Event in a Mosque (D.G Khan)
CHIEF MINISTER’S SELF
EMPLOYMENT SCHEME
A Public Private Partnership
46
From One Volunteer to Two
Thousand Employees.
A Journey of Hope which still
continues,
Alhamdolillah
VOLUNTEERISM
Akhuwat volunteers with Ex-Governor Punjab Lt. Gen (rtd) Khalid
54
Maqbool at a Certificate distribution event
55
SIMPLE OPERATIONS
Branch Offices in Mosque
Lahore
Akhuwat Township Branch Staff and Discussion
with borrowers
Lah
ore
Akhuwat Green town Branch Staff Discussion with
borrowers
Sahiwal
Akhuwat Sahiwal branch Staff and completion of Applications
Rajanpur
1,003
772
231
864
11,866,000
Area Manager (Rajanpur) Addressing to female borrowers in
Akhuwat Fazilpur Branch on disbursement event in November 2011
Rajanpur
Area Manager (Rajanpur) Addressing to female borrowers in
Multan
Akhuwat MULTAN BRANCH Staff and completion of
Applications
Multan
Akhuwat MULTAN NEW BRANCH branch Staff and completion
of Applications
Muzafargar
h
Akhuwat Muzafargarh branch Staff and completion of
Applications
A WAY FORWARD

Largest Qarz-a-Hasan Program

A better picture of Pakistan – Humane,
Compassionate, Honest, Self-reliant

A
new
model
Paradigm.
of
Interest
development
at
Harvard,
Cambridge, LSE

Sadaqat Bank & Akhuwat University
“Muakhat
Oxford,
Let’s dream of a different
WORLD