Akhuwat USA
Alleviating Poverty Through compassion and Interest-Free Micro-Lending
Mission
To alleviate poverty and empower socially and economically marginalized families through interest-free micro-finance and by harnessing entrepreneurial potential, capacity building and social guidance.
Ruling year
2013
CEO
Mr. Azhar Hameed
Main address
21250 Hawthorne Blvd, suite 500
Torrance, CA 90503 USA
EIN
45-2509939
NTEE code
Fund Raising and/or Fund Distribution (T12)
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
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Communication
Programs and results
What we aim to solve
Established in 2011, Akhuwat USA works to reduce poverty through interest-free microloans, capacity building, and social guidance. It is affiliated with and supports AKHUWAT, which was founded in 2001 with US $100 and today has expanded to include over 800 branches in 350 cities of Pakistan, a UK branch, a microloan portfolio of over US $110m active loans, and a recovery rate of 99.97%. Akhuwat's unique model is being taught as a case study at the US and a UK university.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Akhuwat Micro-lending - Interest Free
To provide loans to able and capable individuals who do not have the means to start a small business in Pakistan.
Akhuwat Transgender Support
Akhuwat has envisioned a society where members of the transgender community are treated as equals without any discrimination.
Where we work
External reviews
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of active loans
This metric is no longer tracked.Totals By Year
Population(s) Served
Women and girls, Men and boys, Families
Related Program
Akhuwat Micro-lending - Interest Free
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
A poverty-free society built on the principles of compassion and equality.
To alleviate poverty and empower socially and economically marginalized families through interest-free micro-finance and by harnessing entrepreneurial potential, capacity building, and social guidance.
What are the organization's key strategies for making this happen?
The funds collected for Akhuwat USA are used solely for the purpose of disbursing interest-free loans to the unprivileged in Pakistan. We are also raising funds for our upcoming project, Akhuwat University, which will provide state-of-the-art but affordable education to the poor.
What are the organization's capabilities for doing this?
We have over 700 offices country wide, 4000+ staff members and 22 years of experience in doing what we do.
What have they accomplished so far and what's next?
Established in 2011, Akhuwat USA works to reduce poverty through interest-free microloans, capacity building, and social guidance. It is affiliated with and supports AKHUWAT, which was founded in 2001 with US $100 and today has expanded to include over 800 branches in 350 cities of Pakistan, a UK branch, a microloan portfolio of over US $110m active loans, and a recovery rate of 99.97%. Akhuwat's unique model is being taught as a case study at the US and a UK university.
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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Akhuwat USA
Board of directorsas of 02/24/2023
Mr. Zaki Khalifa
Amjad Saqib
Akhuwat
Asim Ashary
Akhuwat
Azhar Hameed
Akhuwat
Yuman Pirzada
Akhuwat
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
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