Akhuwat USA

ABOUT US

Established in 2011, Akhuwat USA works to reduce poverty through interest-free microloans, educational services, and capacity building. It is affiliated with and supports AKHUWAT Pakistan, which was founded in 2001 with $100 and today has expanded to include over 850 branches in 350 cities of Pakistan. With a microloan portfolio of over US $110m in active loans, and a recovery rate of 99.97%. Akhuwat’s unique model is being taught as a case study at US and UK universities.

 OUR VISION

A poverty-free society built on the principles of compassion and equality. To alleviate poverty and empower socially and economically marginalized families through interest-free microfinance and by harnessing the entrepreneurial potential, capacity building, and social guidance

GUIDING PRINCIPLE

Akhuwat provides the economically poor with interest-free loans so that they may acquire a self-sustaining livelihood. It also provides the skills, professional guidance, and support they need to actualize their full potential and abilities.

PURPOSE OF FUNDRAISING

The funds collected for Akhuwat USA are used solely for the purpose of disbursing interest-free loans to the unprivileged in Pakistan. We are also raising funds for our Akhuwat University project, which provides state-of-the-art but free education to more than 2000 exceptionally talented students belonging from poor families who cannot afford their higher education.

The Principle

One of Akhuwat’s primary deviations from conventional microfinance is that it charges no interest rates.

Akhuwat has sought to base its movement on the principles of helping someone in need with interest-free loans, a practice favored over charity and doles. While drawing on its tradition, Akhuwat has, over time, grown to incorporate many of the lessons learned from conventional microfinance movements from across the globe, as well.