Akhuwat: Fighting Poverty with Interest-Free Microfinance
This case is about Akhuwat - one of the largest micro-finance organizations in Pakistan. The case presents Akhuwat's phenomenal growth from a small philanthropic experiment into one of most prominent micro-finance organizations in Pakistan. This case also discusses the part played in this growth by Amjad Saqib, co-founder and Executive Director of Akhuwat, his relationship with the government and his charismatic leadership style. Akhuwat's unique operational model of charging zero interest rate on its loans, its ability to leverage faith-based teachings and its spirit of volunteerism are discussed as key drivers of its success. Overall, the case provides a unique insight into how micro-finance, government and faith can operate in harmony to alleviate poverty in South Asia.