Our flagship project, Akhuwat Islamic Microfinance (AIM) facilitates access to finance through interest-free microlending. Our recipients are people who need a helping hand to better their lives, but because of their circumstances, do not qualify for loans from conventional banks. We grant small, short-term loans for investment into their homes, businesses, children’s education or health. The capital amounts of the loan are repaid and reinvested into the loan pool to be re-used again and again, making today’s borrowers tomorrow’s lenders. This funding model has proved to be sustainable – our loan repayment rate is 99% – the highest in the world. The AIM funding model is a real solution to ending poverty forever.
More importantly, getting a loan from AIM honours a person’s desire and right to be self-sufficient. It is in our nature to want to take care of ourselves and our dependants, but some people need a helping hand to do this. Our loans empower people giving them confidence while respecting and maintaining their dignity.