Akhuwat interest free loan

Many times, the loan persists from one generation to the next, making it impossible for the family to secure financial stability. There are various products through which AIM provides interest free loans which are tailored to meet specific needs of the borrower. Our goal is to develop and sustain a social system based on mutual support. We extend a helping hand to the poverty-stricken by providing interest - free loans so they can start a business and become self-reliable.

The TEVTA will lend a fund of PKR 500. Hope you are all now fully aware with this program and going to apply for it. Swabi upon the special request of the Speaker National Assembly. According to a press release, the loans were provided for the establishment of new businesses and expansion of the. Akhuwat , Lahore, Pakistan.

Candidates who want to get this interest free loan can apply now. Application form can be downloaded from the link given below. A Liberation Loan is given to those who have borrowed money from moneylenders at very high interest rates.

The Education loan is for poor students to pay for books and material (up to Rs. 2000). The range of the interest - free loan is between Rs,20to Rs. These interest free loans not only help and support the poor to become self-reliant but also enable them to escape the clutches of poverty through their own hard work.

Interest Free Loan Programme Loan Centres ( PPAF Partner Organizations) 2. 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. Amjad Saqib serving as the first Executive Director. Firstly, it provides an alternative to the orthodoxy of interest -laden banking and non-banking loans which have exploited the poor for so long. Secondly, it provides capital for small businesses without any cost of capital.

A journey of thousands, millions and billions! With an average donation-based interest - free loan size of $25 you can permanently lift a poverty-stricken family with our entrepreneurship microloans. In this interview he reflects on his role as the founder and director of an interest free microfinance institution. He talks about how his organization functions on a technical as well as a social level.

Trust me, with the money in my han tears rushed out of my eyes. It also provides the skills, professional guidance and support they need to actualize their full potential and abilities. Our interest - free lending method and a high recovery rate have surprised the entire world.

Project Objectives: Provision of interest free loans to approximately 3655. Introducing Akuwat, he said that it is first-ever interest free microfinance programme. Pakistan’s largest interest free microfinance organization. USD 10 to a widow who after successful utilization returned back the loan. About Buy a Brick Build a University.

Why are we collecting funds to build a University in Pakistan? This practice encouraged Dr. It offered interest free loan with which women could increase the.