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 Aga Khan Development Network. The underlying objectives of the Agency are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion.
AKAM is a not-for-profit, non-denominational, international development agency created under Swiss law. Its headquarters are in Geneva, Switzerland. It is governed by an independent Board of Directors. The Chairman of the Board is His Highness the Aga Khan.
Many poor people who begin the long climb out of poverty are pushed back by financial crises caused by illness or the death of a principal breadwinner. Paying for health care or funeral arrangements often takes away the assets built up over years of struggle. Some families become indebted to money lenders; others sell their livestock, crops or housing. More
The First MicroBank Mozambique is Inaugurated as a Rural Microfinance Bank
08 May 2010 - The First MicroBank Mozambique (FMB-M) was inaugurated today, in a ceremony attended by President Armando Guebuza of Mozambique and Governor Eliseu Machava of Cabo Delgado.
The First MicroFinanceBank Ltd and Pakistan Post Office Agree to Expand Microfinance Services for the Poor
28 January 2010 - The First MicroFinanceBank Ltd - Pakistan (FMFB-P)and the Pakistan Post Office (PPO) will further expand operations to provide microfinance services to the poor through post offices.
Insuring the Poor against Healthcare Costs
10 January 2010 - Many poor people who begin the long climb out of poverty are pushed back by financial crises caused by illness or the death of a principal breadwinner. Paying for health care or funeral arrangements often takes away the assets built up over years of struggle. Some families become indebted to money lenders; others sell their livestock, crops or housing.
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2009 AKAM Annual Report
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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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