Visa Foundation has granted an amount of $200,000 to Akhuwat to support its COVID-19 Relief Program and provide meals and rations bags to the most affected families.
This grant is part of the Visa Foundation’s previously announced $210 million global commitment, with $10 million in COVID-19 relief focused on the emergency needs that was announced last week for organizations worldwide and another $200 million to address longer-term needs of the small and micro businesses over the next five years.
The Visa Foundation announced its approval of $8.8 million of its $10 million in COVID-19 relief grants last week for organizations supporting the frontline response to the global pandemic and providing critical services for vulnerable households such as public health and food relief.
In Pakistan, the ongoing COVID-19 pandemic and the resulting economic activity lockdown have placed an immense strain on local communities causing food insecurity and increasing poverty. The grant to Akhuwat aims to extend its efforts in providing much-needed support to food relief programs in the country.
“The COVID-19 pandemic is creating unprecedented challenges on the communities in Pakistan,” said Kamil Khan, Visa’s Country Manager for Pakistan.
We’re grateful for the mission-critical services Akhuwat is delivering.
“We’re grateful for the amazing work humanitarian assistance organizations are providing to communities around the world affected by the COVID-19 pandemic, “said Graham MacMillan, president of the Visa Foundation.
The Visa Foundation is proud to offer these grants to support these organizations’ mission-critical work during these perilous times.
The forthcoming 5-year $200 million program will support small and micro businesses with a focus on fostering women’s economic advancement both of which will be critical to long-term economic recovery from the COVID-19 pandemic.
This commitment expands the Visa Foundation’s long-standing support for small and micro businesses globally. Additional information on the Foundation’s grant and investment strategy will be shared in the coming months.