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

41 Akhuwat Event in a Mosque (Chiniot)

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

54 Akhuwat volunteers with Ex-Governor Punjab Lt. Gen (rtd) Khalid

Maqbool at a Certificate distribution event

55

SIMPLE OPERATIONS

Branch Offices in Mosque

Lahore

Akhuwat Township Branch Staff and Discussion with borrowers

Akhuwat Green town Branch Staff Discussion with borrowers

Lahore

Akhuwat Sahiwal branch Staff and completion of Applications

Sahiwal

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

Akhuwat Fazilpur Branch on disbursement event in November 2011

Rajanpur

Akhuwat MULTAN BRANCH Staff and completion of Applications

Multan

Akhuwat MULTAN NEW BRANCH branch Staff and completion of Applications

Multan

Akhuwat Muzafargarh branch Staff and completion of Applications

Muzafargarh

Largest Qarz-a-Hasan Program

A better picture of Pakistan – Humane,

Compassionate, Honest, Self-reliant

A new model of development “Muakhat

Paradigm. Interest at Harvard, Oxford,

Cambridge, LSE

Sadaqat Bank & Akhuwat University

A WAY FORWARD

Let’s dream of a different

WORLD