📢 Big news for women entrepreneurs in Pakistan! Bank Alfalah has partnered with Akhuwat to launch a new microfinance centre in Karachi, dedicated to providing PKR 25 million in interest-free loans over the next three years. This initiative aims to empower over 1,000 women, helping them establish or expand their businesses and achieve financial independence.
💡 Breaking Barriers with Interest-Free Microfinance
Akhuwat, a pioneer in interest-free microfinance, has been fighting poverty since 2001, disbursing over PKR 250 billion in loans to 4+ million families across Pakistan. Now, in collaboration with Bank Alfalah, they’re taking a bold step toward women’s financial empowerment.
🔹 How This Initiative Supports Women Entrepreneurs:
✅ Access to interest-free loans ranging from PKR 30,000 to PKR 100,000
✅ Financial literacy training for smarter business management
✅ Networking & mentorship to build strong support systems
✅ Sustainable economic growth, enabling borrowers to become future donors
🎯 Supporting Pakistan’s Economic & Social Goals
This initiative directly aligns with the United Nations Sustainable Development Goals (SDGs):
🔹 SDG 5 – Gender Equality 🏆 Empowering women entrepreneurs
🔹 SDG 8 – Economic Growth 📈 Promoting financial inclusion & self-employment
💬 Leaders Speak on This Game-Changing Initiative
Mehreen Ahmed, Group Head Retail Banking, Bank Alfalah said:
💬 “Empowering women is key to Pakistan’s socio-economic development. Through this partnership with Akhuwat, we’re ensuring women have access to the financial tools they need to succeed.”
Dr. Amjad Saqib, Founder of Akhuwat, emphasized:
💬 “With Bank Alfalah’s support, we are confident that this initiative will pave the way for women to achieve financial independence and contribute to society.”
🌍 Bank Alfalah: A Leader in Financial Inclusion
💡 Key Achievements:
✔ 4.3 million women beneficiaries supported through the Benazir Income Support Program (BISP)
✔ 10.4 billion PKR disbursed to SMEs under the SAAF scheme
✔ PKR 200 million provided through Revive & Rise microfinance program, benefiting 700 rural entrepreneurs (43% women)
✔ 2,600+ farmers trained through Agriculture Finance Literacy Sessions
This partnership with Akhuwat is another bold step in bridging financial gaps, empowering communities, and driving sustainable growth across Pakistan.
🔗 Final Thoughts: Let’s Build a Brighter Future!
The Bank Alfalah-Akhuwat microfinance centre is more than just a financial hub—it’s a catalyst for change. By giving women the resources to succeed, this initiative is shaping a more inclusive and prosperous Pakistan.
🌟 What do you think about this initiative? Share your thoughts in the comments! 👇
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