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Akhuwat A Qarz e Hasan
ProgrammeByDr. Amjad Saqib01-11-2014
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VISION

• A poverty free society built on the principles
  of compassion and equity

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MISSION

• To alleviate poverty by empowering socially and
  economically marginalized families through
  interest free microfinance and by harnessing
  entrepreneurial potential, capacity building and
  social guidance.

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• PHILOSOPHY
• Muakhat or Brotherhood
• OPERATIONAL STRATEGY
• Microfinance

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STORY

• First Loan
• Rest is History

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• Process, Principles
• And
• Achievements

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PROCESS

• ESTABLISHEMENT OF A CREDIT POOL
• SMALL LOANS (Qarz e Hasana) TO THE POOR FROM
  CREDIT POOL
• LOANS ARE GIVEN to
• START OR EXPAND BUSINESS or
• SOCIAL NEEDS
• INCREASE IN INCOME OF POOR
• IMPROVEMENT IN QUALITY OF LIFE
• ALLEVIATION OF POVERTY
• A BETTER SOCIETY

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PRINCIPLES

• LOANS GIVEN FROM CREDIT POOL ARE INTEREST FREE
• ACTIVITIES CENTERED IN MOSQUE AND CHURCH
• VOLUNTEERISM
• REPLICATION AND EXPANSION
• OUR BORROWERS ARE OUR DONORS AS WELL

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PICTURES

• BUSINESSES

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PICTURES

• MOSQUES
• CHURCHES

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A Loan Disbursement Event in a Mosque
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A Loan Disbursement Event in a Church
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Awareness Event in a Mosque
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Akhuwat Event in a Mosque (Chiniot)
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PICTURES

• VOLUNTEERISM

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Akhuwat Fundraising Dinner 2014 at Governor
House - Lahore
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What have we done?

• Achievements

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ACHIEVEMENTS I

• Started in 2001 with a first donation of Rs.
  10,000 (US 100)
• Credit Pool now has grown to Rs. 4 Billion (US
  40 Million)
• This Pool is a Revolving fund
• The amount is regularly disbursed and recovered
• Cumulative disbursement is Rs. 11 Billion (US
  110 Million)

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ACHIEVEMENTS II

• Total Branches 300
• Presence in 190 Cities and towns in Pakistan
• Total borrowers 630,000
• Recovery Rate 99.85
• Staff 2000
• A new model in the world of Micro Finance
• Included in the syllabus of Two International
  Universities (Lahore University of Management
  Sciences, Lahore and University of Southern New
  Hampshire, USA)

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• REPLICATION
• EXPANSION

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Chief Minister Self Employment Scheme CMSES
(Punjab Gilgit Baltistan)

• Fund of Rs. 3 Billion for Punjab Rs. 200
  Million for Gilgit Baltistan
• Outsourced to Akhuwat
• All districts of Punjab province Gilgit
  Baltistan
• Disbursed so far Rs. 5 Billion (400,000
  borrowers)
• Third party monitoring
• Operational expense paid by provincial
  governments
• Priority to women skillful youth

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Prime Minister Interest Free Loan Scheme (PMIFL)

• A fund of Rs. 3.5 Billion
• 1 Million loans in 4 years
• Outsourced to Pakistan Poverty Alleviation Fund
  (PPAF)
• PPAF identifies partners who implement the
  programme
• PPAF monitors is accountable to Ministry of
  Finance through a steering committee
• Progress - Target

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Conclusion

• Inculcating a spirit of sharing demonstrating
  that Akhuwat or Muakhat (Brotherhood) is a viable
  concept and poverty can be reduced through
  Qard-e-Hassan.

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Thank You