Microfinance institutions run by the Aga Khan Agency for Microfinance (AKAM) and the Aga Khan Fund for Economic Development (AKFED) help clients meet their day-to-day housing, education and health needs with quality of life loans. The largest proportion of loans they provide are for income-generating activities such as livestock, planting, trading and production. Our agencies also support small and medium enterprises to create jobs and increase economic activity. Other services for traditionally underserved populations, such as those in remote rural areas, include access points to enable the collection of remittances close to home, deposit accounts to store savings securely and mobile banking services to widen access still further.
“Digitalisation has helped banks reach out to those who do not have access to formal financial services in a cost effective, responsible and sustainable manner. Customers are no longer dependent on accessing physical bank locations.”
Sultan Allana, AKFED Director and HBL Chairman
Source : From the Web