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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
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