This year, we are looking forward to your support in lifting 100s families in Pakistan out of poverty. With an average donation-based interest-free loan size of $250, you can permanently lift a poverty-stricken family with our entrepreneurship microloans. Through our 17 years of operation, Akhuwat has brought 3.3 million people irrespective of their religion, caste, and gender into socioeconomic inclusion. Learn more about how your little donation can change many lives.
Years of unabated corruption, mismanagement, flawed state economic policies, and unfair wealth distribution has pushed more than 20% of the population of Pakistan below the poverty line. To put that into a perspective that's more than 42 million people living in extreme poverty. The lack of will demonstrated by state institutions has prompted people from all walks of life to root out this problem themselves.
Through this project Akhuwat USA aims to lift 100s of families out of poverty in one year through its collateral and interest-free donation based entrepreneurship microloans. With these loans, people who have been financially excluded would be able to set up their own small scale businesses. Instead of a one-time help, these loans would provide them the means of making a continued living for themselves and their families and could become financially independent.
With every loan recycled, the potential of helping the number of families is limitless as the returned amount is used to help another family in need. Akhuwat on behalf of its donors does all the due diligence of an applicant requesting these loans. The success of Akhuwat model can be measured in a context that with an impressive loan recovery rate of 99.6% Akhuwat has recycled loans of $700 million dollars to more than 2.6 million families in 17 years of its operations.