Dr Amjad says Akhuwat running Qarz-e-Hasna scheme with 99.9% recovery rate
LCCI calls fee-free Akhuwat University a big milestone in quality higher education to deserving students
June 1, 2021
LAHORE: Akhuwat Foundation Founder and Executive Director Dr Amjad Saqib has said that the Akhuwat Foundation has been running the most successful and largest Qarz-e-Hasna scheme with a 99.9 percent recovery rate of its interest-free Islamic microfinance programme.
Addressing at the Lahore Chamber of Commerce and Industry (LCCI), he said that Akhuwat – since its inception in 2001 – had disbursed a sum of Rs150 billion as interest-free loans to 4.4 million people of the deprived communities. He said that the interest-free loan programme had enabled hundreds of thousands of people to secure basic necessities of life enabling them to live with dignity and honour.