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Akhuwat USA

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Nonprofit Overview

Causes: Philanthropy, Private Grantmaking Foundations

Mission: 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 micro-finance and by harnessing entrepreneurial potential, capacity building, and social guidance.

Results: Akhuwat Mircofinance’s total interest-free mirco-loan disbursement has now reached to USD 600 Million by serving more than 2.8 million underprivileged families. From a modest philanthropic experiment, the continued support from the civil society and our partners has allowed Akhuwat to expand into a network of 795 branches in over 350 cities and towns across the country - Akhuwat's loan recovery rate is above 99.96%. To fulfill our dream of a poverty-free society, Education is the next step. With an utmost faith in humanity, we believe “if we can offer microfinance services without charging an interest rate

Target demographics: Poor entrepreneurs through donation based interest-free microloans

Direct beneficiaries per year: More than 162,000 families

Geographic areas served: 8 countries with over 800 branches worldwide

Programs: Interest-free microloans

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