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Akhuwat has disbursed 4.5 million interest-free loans (Qarz-e-Hasna) totalling PKR 128 billion (US$798 million) to over 3 million families across Pakistan. By utilising interest-free microfinance as a tool for poverty alleviation, Akhuwat provides interest-free loans aimed at enhancing financial inclusion.
Kashf Foundation (Urdu: کشف فاؤنڈیشن) is a non-profit organization, founded by Roshaneh Zafar in 1996. [1] Kashf is regarded as the first microfinance institution (MFI) of Pakistan that uses village banking methodology in microcredit to alleviate poverty by providing affordable financial and non-financial services to low income households - particularly for women, to build their ...
HBL Microfinance Bank (HBL MfB) was founded as The First MicroFinanceBank Ltd, Pakistan (FMFB-P) in 2002. [5] It was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), a development programme active in Gilgit-Baltistan and Chitral.
Khushhali Microfinance Bank; ... Loans; Savings; Consumer Banking; Revenue: Rs. ... It is the largest microfinance lender in Pakistan. [3] History
Muhammad Amjad Saqib, (Punjabi, Urdu: امجد ثاقب; 1 February 1957) is a Pakistani social entrepreneur, development practitioner, former civil servant and author.He is the founder and executive director of Akhuwat Foundation, which is the world's largest Islamic microfinance organization that provides interest-free loans to the most deserving segments of society.
Rather, the main reason for the high cost of microfinance loans is the high transaction cost of traditional microfinance operations relative to loan size. [ 22 ] Microfinance practitioners have long argued that such high interest rates are simply unavoidable, because the cost of making each loan cannot be reduced below a certain level while ...
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