Akhuwat Foundation

Akhuwat Foundation or simply Akhuwat is a nonprofit organization based in Pakistan, offering interest-free microfinance to individuals who lack access to formal financial services. Founded in 2001 by Dr. Muhammad Amjad Saqib, who serves as the executive director, Akhuwat operates its head office in Lahore and has expanded to over 1,500 cities in Pakistan.

Akhuwat has disbursed 4.5 million interest-free loans (Qarz-e-Hasna) totalling PKR 128 billion (US$798 million) to over 3 million families across Pakistan. By utilising interest-free microfinance as a tool for poverty alleviation, Akhuwat provides interest-free loans aimed at enhancing financial inclusion.

To address the multifaceted issue of poverty, Akhuwat has expanded its efforts to include education, healthcare, clothing for the underprivileged and support for the transgender community.

Akhuwat is registered as a legal entity in the United States, UK, Canada and Sweden. Additionally, it has initiated engagement with organizations in Nigeria, Uganda and Afghanistan for global replication and expansion.