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Microfinance

Making the most of limited local resources: in coastal Mozambique AKAM provides funding for small seaweed farms.Making the most of limited local resources: in coastal Mozambique AKAM provides funding for small seaweed farms.The Aga Khan Agency for Microfinance (AKAM) works in concert with AKF’s activities in the same province. Its primary objective is to provide loans to microenterprises and small businesses for income generating activities such as small-scale agricultural, fishing, retail and industrial enterprises.

As with all AKAM initiatives, the microfinance programme in Mozambique targets areas and populations that are vulnerable and do not have access to formal credit. The programme's primary objective is to provide loans to microenterprises and small businesses for income generating activities such as 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.
Find out more on Microfinance Activities in Mozambique

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