The Kamyabi team is extremely pleased to have secured, Dr. Amjad Saqib, the founder of Akhuwat, as the keynote speaker for the Kamyabi Summit, 2018 to be held in Islamabad on the 7th April, 2018.
Dr. Amjad left a senior position with the Government of Punjab and dedicated himself to establishing Akhuwat or in other words, the spirit of brotherhood.
Akhuwat aims to alleviate poverty by creating a bond of solidarity between the affluent and the marginalized, a social system based on mutual support by extending a helping hand to the poorest levels by providing interest-free loans so they start a business and become self-sufficient.
Currently, Akhuwat has loans outstanding of close to $140 million with a recovery rate of almost 100 percent. More than 2.5 million families have been positively impacted by Akhuwat’s services to date.
The concept of microfinance had been around for some time but was criticised for its high-interest rates that were charged to the borrowers, who were often in no position to query or challenge the extent of the fees and charges.
Akhuwat set out to change that with the concept of interest-free loans to those in need and has continued to grow exponentially since then. In this process, any doubts about the impoverished borrowers not paying back the loans have been totally alleviated. Akhuwat has virtually no bad debts with a recovery rate of almost 100%.
Dr Amjad is the author of several books and is recognized as a highly engaging speaker. You can watch his Ted Talk below.
Kamyabi Summit will also feature a social entrepreneurship competition, with the winning team being provided a funding of Rs. 500,000.
For more details, check out this video