Skip to main content

Microcredits for new prospects

Akhuwat claims to be the world’s largest Islamic micro-finance organisation. It grants loans to people wanting to improve their living conditions – by starting their own business, for example. These microloans are interest-free.

Anyone who wants to apply for a microcredit must:

  • Be between 18 and 64 years old
  • Possess a CNIC (Computerized National Identity Card)
  • Provide two guarantors (not relatives)
  • Not have a criminal record

Further conditions can be found on the organisation’s website.

Worth knowing Costs: The microloans are interest-free.