Akhuwat USA

Torrance, California

Verified PWI Partner

Our Mission

One of Akhuwat’s primary deviations from conventional microfinance is that it charges no interest rates. Akhuwat has sought to base its movement on the principles of Qarz-e-Hassn found in the Islamic tradition, which entails helping someone in need with interest-free loans, a practice favored over charity and doles. While drawing on the tradition of Qarz-e-Hassn, Akhuwat has, over time, grown to incorporate many of the lessons learned from conventional microfinance movements from across the globe, as well.

Who We Are

Established in 2011, Akhuwat USA works to reduce poverty through interest-free microloans, capacity building, and social guidance. It is affiliated with and supports AKHUWAT, which was founded in 2001 with US $100 and today has expanded to include over 750 branches in 350 cities of Pakistan, a UK branch, a microloan portfolio of over US $110m active loans, and a recovery rate of 99.97%. Akhuwat’s unique model is being taught as a case study at a US and a UK university.