Microfinance & micro-insurance
"The duty of responsible stewardship is very clear, a concept that can be equated to the notions of trust and trusteeship in today’s international legal terminology. The obligation to maintain the highest level of integrity in the management of donated resources, and of the institutions benefiting from them, is grounded in our faith."
AKDN’s programme in Pakistan is, in experiential terms, the most studied development programme in the Network. Many of the methods employed elsewhere by AKDN agencies, and replicated by other NGOs and governments, were tried first and then refined in Pakistan. AKDN’s earliest coordinated area development programme included community mobilisation, infrastructure development, microfinance lending and savings, agricultural programmes that encompass land reclamation, irrigation and forestry, curative health care, preventive community health schemes and world-class medical training, education from pre-primary to postgraduate levels, the introduction of clean-water supplies and sanitation facilities, the construction of mini hydro-electric plants in remote communities, and the restoration of historic buildings, monuments and housing. Activities are largely concentrated in the mountainous Northern Areas, North West Frontier (Chitral) and Baltistan provinces as well as in the Punjab, Baluchistan and Sind provinces.
A number of AKDN agencies create low-cost products and technologies that both improve the quality of life in human habitats and reduce the pressures on the natural environment. The Building and Construction Improvement Programme (BACIP), for example, has created over 70 products ranging from smoke-free stoves to earthquake-resistant construction methods. More
News ArchivesThe First MicroFinanceBank Ltd and Pakistan Post Office Agree to Expand Microfinance Services for the Poor
Focus Humanitarian Assistance Provides Relief for Landslide Victims in Hunza, Pakistan Insuring the Poor against Healthcare Costs |
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Since its establishment in 2005, the Aga Khan Agency for Microfinance (AKAM) has taken over 25 years of microfinance activities, programmes and banks that were administered by sister agencies within the AKDN. The underlying objectives of the Agency are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. more
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