Akhuwat Loan Scheme (Interest-Free Loan)
Akhuwat Islamic Microfinance (AIM) was founded in 2001 as a tool for poverty alleviation. AIM provides interest-free loans (Qarz-e-Hasan) to individuals and families who are deprived of financial resources and supports them in creating sustainable pathways out of poverty.
Operating across Pakistan, Akhuwat’s microfinance program is the world’s largest interest-free microfinance program having empowered over 4 million families.
The Akhuwat Foundation is a Pakistani non-profit organization that provides interest-free Microfinance loans, known as Qarz-e-Hasan
Objectives:
To provide financial assistance without interest.
To empower low-income families by encouraging self-employment.
To promote a culture of helping and sharing in society.
Features:
Interest-Free Loans (Qarz-e-hasna)
Loans range from PKR 10,00,00 to 50,00,000 depending on need and eligibility.
Flexible repayment period.
Loans are disbursed from mosques and community centers to ensure transparency and dignity.
Types of Akhuwat Loans
- Family Enterprise Loan – for small businesses & startups.
- Agriculture Loan – for farmers (inputs, seeds, fertilizers etc).
- Education Loan – to support students in higher studies.
- Health Loan – for medical expense of deserving patients.
- Housing Loan – for construction & home improvements.
Eligibilty Criteria
Must belong to a low-income family.
Should have a business idea or genuine need.
Demonstrate ability and willingness to repay.
Application Process
- Visit Akhuwat Official website Akhuawtloan.com.
- Fill the loan application form.
- Provide CNIC, family details.
- Case is reviewed by Akhuawt team.
- Loan is disbursed in a public ceremony (mosque-based).
Impact
Over 5 million families have benefited.
More than PKR 180 billion disbursed interest-free.
Success stories of small shopkeepers, farmers, students and women enterpreneurs.
The Akhuwat Loan Scheme is just financial help. It’s a movement of brotherhood, enabling people to stand on their own feet with dignity.
