Akhuwat
Akhuwat's email is info@akhuwat.org.pk
and
Akhuwat's phone number is 4235122743
.
In 2001 the idea of Akhuwat was presented before a group of friends at the Lahore Gymkhana. During the conversation, charging of exorbitant interest rates on microfinance programs aimed at poverty alleviation was being criticized. The idea of initiating an interest free successful microfinance program was brought forth as a challenge and at that point, no one present foresaw the shape this experiment would eventually take. One of the friends pledged a donation of ten thousand rupees, while another friend, Dr. Amjad Saqib, took it upon himself to utilize that donation as ...
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In 2001 the idea of Akhuwat was presented before a group of friends at the Lahore Gymkhana. During the conversation, charging of exorbitant interest rates on microfinance programs aimed at poverty alleviation was being criticized. The idea of initiating an interest free successful microfinance program was brought forth as a challenge and at that point, no one present foresaw the shape this experiment would eventually take. One of the friends pledged a donation of ten thousand rupees, while another friend, Dr. Amjad Saqib, took it upon himself to utilize that donation as an interest free loan. The first loan of ten thousand rupees was given to a widow who was striving to earn a decent living through honorable means. She was neither a beggar nor was she looking for charity; she was only seeking a helping hand. By utilizing and returning that loan within a period of six months, she reinforced the belief in the integrity exhibited by the poor when they are helped with trust and respect. The success of the first loan brought in more donations and the group of friends became convinced of the viability of their venture into interest free microfinance. Herein Akhuwat was born, with these friends forming the first Board of Governors and Dr. Amjad Saqib serving as the first Executive Director. This marked the beginning of a new chapter in microfinance, one that found its inspiration not in economic logic but in the spirit of compassion and generosity of mankind.
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Website | akhuwat.org.pk | |
Industry | Financial Services | |
Location | Lahore, Punjab, Pakistan | |
Employees | 541 | |
Founded | 2001 |
HQ | 19-Civic, Sector A-2, Township | |
Phone | 423-512-2743 | |
info@akhuwat.org.pk | ||
Competitors | Jpmorgan Chase & Co., Wells Fargo, Citi, Hsbc, Allianz, Jpmorgan Chase & Co., |
Website | akhuwat.org.pk | |
Industry | Financial Services | |
Location | Lahore, Punjab, Pakistan | |
Employees | 541 | |
Founded | 2001 | |
linkedin.com/company/akhuwat | ||
HQ | 19-Civic, Sector A-2, Township | |
Phone | 423-512-2743 | |
info@akhuwat.org.pk |
Top Competitors for Akhuwat
Akhuwat Questions
Where are Akhuwat's headquarters?
Akhuwat's headquarters are in 19-Civic, Sector A-2, Township
What is Akhuwat's phone number?
Akhuwat's phone number is 4235122743
What is Akhuwat's official website?
Akhuwat's website is akhuwat.org.pk
How many employees are working in Akhuwat right now?
Akhuwat has
541 employees.
View the Email and Phone Numbers for all 541 working at Akhuwat.
What is Akhuwat's industry?
Akhuwat's industry is
Financial Services
Who are Akhuwat's top competitors?
Akhuwat's top competitors are
Jpmorgan Chase & Co.
,
Wells Fargo
,
Citi
,
Hsbc
,
Allianz
,
Jpmorgan Chase & Co.
What is Akhuwat's email address?
Akhuwat's email address is info@akhuwat.org.pk
What are Akhuwat's categories?
Akhuwat's categories are -
What is Akhuwat's location?
Akhuwat's location is
Lahore, Punjab, Pakistan
When was Akhuwat's founded?
Akhuwat's founding year is 2001
What is Akhuwat's current status?
Akhuwat's current status is operating