Aga Khan Agency for Microfinance

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Microfinance in Mozambique

Through collaboration with the AKF’s Coastal Rural Support Programme, AKAM’s activities centre on helping borrowers raise incomes through the provision of credit. The programme's primary objective is to provide loans to microenterprises and small businesses for income generating activities such as promoting small-scale agricultural, fishing, retail and industrial enterprises. Microloans in these parts of the country can reach as low as US$ 25, while still having a meaningful effect on the borrower. At the same time, some loans, categorized as “small loans”, can be as much as US$ 10,000, in cases where the credit enables a borrower to employ several others while increasing his or her productive capacity.

AKAM worldwide
AKAM’s microfinance initiatives range from village lending cooperatives to self-standing microfinance institutions to full-fledged microfinance banks. These activities currently operate in Afghanistan, Burkina Faso, Egypt, India, Kazakhstan, Kenya, Kyrgyz Republic, Madagascar, Mali, Mozambique, Pakistan, Syria, Tajikistan, Tanzania, and Zanzibar. Often they are part of wider integrated development strategy being implemented by the AKDN within each country. In addition to providing financial services to the poor, they may include business or technical advisory/training extension services and business development programmes that work directly with local entrepreneurs.