Akhuwat’s Introduction
Akhuwat is Pakistan’s largest interest free microfinance organization which envisions a poverty free society built on the principles of compassion and mutual support. As a registered non-governmental organization, Akhuwat provides the poor with interest-free loans so that they may acquire a livelihood and the skills and support they need to reach their full potential Drawing on the principles of social justice and brotherhood, Akhuwat relies on local philanthropy, operates through religious places and seeks to inspire and harness the spirit of volunteerism in society. In this manner, the mandate of Akhuwat extends beyond financial transactions as it makes every effort to guide, support and empower the poor. Akhuwat’s total disbursement has now reached to PKR 39 Billion by serving more than 1,800,000 Poor Families. From a modest philanthropic experiment, the continued support from the civil society has allowed Akhuwat to expand into a network of 675 branches in over 350 cities and towns across the country - Akhuwat's loan recovery rate is above 99.94%.
Akhuwat’s target demography
- People who aren’t given any monitory help by anyone in the society provided that they have the guarrentiar .
- People who need housing loans ( these are those people who mostly live in poor conditioned houses )
- People who cant afford health care services.
Akhuwat’s Loan requirements
- 1) Customers will be eligible to apply for two lakhs loan for purchasing the EZShifa APNAA DOCTOR Kiosk to be installed in their respective cities.
- 2) Customers will be told that time period of installments will be three years for loan
- 3) This will be an interest free loan.
- 4) Customers can get loan from all over Pakistan.
- 5) Customers who will be residing around five to seven km of radius from Akhuwat Branch in the above mentioned area will be eligible to apply for loan. Akhuwat Branches Click Here
- 6) Customers who will be residing around five to seven km of radius from Akhuwat Branch in the above mentioned area will be eligible to apply for loan.
Application process
- 1)Sales Team will share those customer's CNIC, MOBILE NUMBER and ADDRESS with Customer Support member, who will fulfill the above mentioned requirements.
- 2) Then all the information of those customers will be forwarded to the POC of Akhuwat.
- 3) Akhuwat POC will verify the customers and if customers meet their criteria than they have informed EZShifa and sales team will proceed to close the lead.
- 4) Sales Team ask customer to submit Balance amount and send to customer support team for shipment.
- Total 350,000 – Loan 200,000 = 150,000 (Balance amount will be arranged by customer in advance).
