“Akhuwat” A Qarz e Hasan Programme By Dr. Amjad Saqib “Akhuwat” A Qarz e Hasan Programme By Dr. Amjad Saqib

VISION A poverty free society built on the principles of compassion and equity A poverty free society built on the principles of compassion and equity

MISSION To alleviate poverty by empowering socially and economically marginalized families through interest free microfinance and by harnessing entrepreneurial potential, capacity building and social guidance.

PHILOSOPHY Muakhat or Brotherhood OPERATIONAL STRATEGY Microfinance

STORY First Loan Rest is History 5

Process, Principles AndAchievements

PROCESS ESTABLISHEMENT OF A CREDIT POOL ESTABLISHEMENT OF A CREDIT POOL SMALL LOANS (Qarz e Hasana) TO THE POOR FROM CREDIT POOL SMALL LOANS (Qarz e Hasana) TO THE POOR FROM CREDIT POOL LOANS ARE GIVEN to: LOANS ARE GIVEN to: START OR EXPAND BUSINESS or START OR EXPAND BUSINESS or SOCIAL NEEDS SOCIAL NEEDS INCREASE IN INCOME OF POOR INCREASE IN INCOME OF POOR IMPROVEMENT IN QUALITY OF LIFE IMPROVEMENT IN QUALITY OF LIFE ALLEVIATION OF POVERTY ALLEVIATION OF POVERTY A BETTER SOCIETY A BETTER SOCIETY

PRINCIPLES LOANS GIVEN FROM CREDIT POOL ARE INTEREST FREE LOANS GIVEN FROM CREDIT POOL ARE INTEREST FREE ACTIVITIES CENTERED IN MOSQUE AND CHURCH ACTIVITIES CENTERED IN MOSQUE AND CHURCH VOLUNTEERISM VOLUNTEERISM REPLICATION AND EXPANSION REPLICATION AND EXPANSION OUR BORROWERS ARE OUR DONORS AS WELL OUR BORROWERS ARE OUR DONORS AS WELL

PICTURES BUSINESSES 9

PICTURES MOSQUES&CHURCHES 20

21 A Loan Disbursement Event in a Mosque

A Loan Disbursement Event in a Church

Awareness Event in a Mosque

24 Akhuwat Event in a Mosque (Chiniot)

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PICTURES VOLUNTEERISM 27

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32 Akhuwat Fundraising Dinner 2014 at Governor House - Lahore

What have we done? Achievements

ACHIEVEMENTS I Started in 2001 with a first donation of Rs. 10,000 (US $ 100) Started in 2001 with a first donation of Rs. 10,000 (US $ 100) Credit Pool now has grown to Rs. 4 Billion (US $ 40 Million) Credit Pool now has grown to Rs. 4 Billion (US $ 40 Million) This Pool is a Revolving fund This Pool is a Revolving fund The amount is regularly disbursed and recovered The amount is regularly disbursed and recovered Cumulative disbursement is Rs. 11 Billion (US $ 110 Million) Cumulative disbursement is Rs. 11 Billion (US $ 110 Million)

ACHIEVEMENTS II Total Branches: 300 Total Branches: 300 Presence in 190 Cities and towns in Pakistan Presence in 190 Cities and towns in Pakistan Total borrowers: 630,000 Total borrowers: 630,000 Recovery Rate : % Recovery Rate : % Staff : 2000 Staff : 2000 A new model in the world of Micro Finance A new model in the world of Micro Finance Included in the syllabus of Two International Universities (Lahore University of Management Sciences, Lahore and University of Southern New Hampshire, USA) Included in the syllabus of Two International Universities (Lahore University of Management Sciences, Lahore and University of Southern New Hampshire, USA)

REPLICATION&EXPANSION 36

Chief Minister Self Employment Scheme – CMSES (Punjab & Gilgit Baltistan) Fund of Rs. 3 Billion for Punjab & Rs. 200 Million for Gilgit Baltistan Fund of Rs. 3 Billion for Punjab & Rs. 200 Million for Gilgit Baltistan Outsourced to Akhuwat Outsourced to Akhuwat All districts of Punjab province & Gilgit Baltistan All districts of Punjab province & Gilgit Baltistan Disbursed so far Rs. 5 Billion (400,000 borrowers) Disbursed so far Rs. 5 Billion (400,000 borrowers) Third party monitoring Third party monitoring Operational expense paid by provincial governments Operational expense paid by provincial governments Priority to women & skillful youth Priority to women & skillful youth 37

Prime Minister Interest Free Loan Scheme (PMIFL) A fund of Rs. 3.5 Billion A fund of Rs. 3.5 Billion 1 Million loans in 4 years 1 Million loans in 4 years Outsourced to Pakistan Poverty Alleviation Fund (PPAF) Outsourced to Pakistan Poverty Alleviation Fund (PPAF) PPAF identifies partners who implement the programme PPAF identifies partners who implement the programme PPAF monitors & is accountable to Ministry of Finance through a steering committee PPAF monitors & is accountable to Ministry of Finance through a steering committee Progress - Target Progress - Target 38

Conclusion Inculcating a spirit of sharing & demonstrating that Akhuwat or Muakhat (Brotherhood) is a viable concept and poverty can be reduced through Qard-e-Hassan. 39

Thank You 40