Aga Khan Agency for Microfinance
For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance services through integrated development programmes and self-standing microfinance institutions. Today, these programmes have been brought together under the Aga Khan Agency for Microfinance (AKAM).
Areas of Activity
There are 13 branches of AKDN’s microfinance bank (Premiere Agence de Microfinance) in the Sofia region of Madagascar, which on average disburses 10,000+ loans per year.
Over the last decade the Aga Khan Agency for Microfinance has disbursed $2 billion worth of loans in an effort to make lasting improvements in the quality of life of the poor.
17 million people
AKDN offers a range of financial services from community-based savings groups to corporate banking to life insurance. These services are used by 17 million people each year.