Akhuwat Foundation
اخوت فاؤنڈیشن | |
| Formation | 2001 |
|---|---|
| Founded at | Lahore Punjab, Pakistan |
| Type | nonprofit foundation |
| Legal status | Active |
| Purpose | Interest-free loans, microfinance |
| Location | |
Region | Punjab, Pakistan |
Chairman | Amjad Saqib |
| Amjad Saqib | |
| Website | akhuwat |
Akhuwat Foundation, commonly referred to as Akhuwat, is a nonprofit organisation based in Pakistan that provides interest-free microfinance to individuals without access to formal financial services. Founded in 2001 by Muhammad Amjad Saqib, who serves as its executive director, the organisation is headquartered in Lahore and operates in more than 1,500 cities across Pakistan.
As of recent reports, Akhuwat has disbursed 4.5 million interest-free loans (Qarz-e-Hasna) amounting to PKR 128 billion (US$798 million) to over 3 million families.
In addition to microfinance, its programmes cover areas such as education, healthcare, clothing distribution, and support for the transgender community.
Akhuwat is registered as a legal entity in the United States, UK, Canada and Sweden. Additionally, it has also initiated collaboration with organizations in Nigeria, Uganda and Afghanistan for global replication of its model internationally.