The story of Ouedraogo Alidou
Ouedraogo has received four loans through PAMF-Burkina Faso, enabling him to send his children to school.
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AKDN
Aga Khan Agency for Microfinance
For more than 60 years, AKDN agencies have offered microfinance services through integrated development programmes and self-standing institutions. In 2005, these programmes were brought together under the Aga Khan Agency for Microfinance (AKAM), a non-profit foundation that operates microfinance institutions in countries across Africa, the Middle East and Central Asia.
...creation of a growing number of viable small and medium-sized enterprises is also a sine qua non to creating jobs and to forming a strong back-bone for a stable national economy. Microfinance is a basic requirement, but it must reach down to the ultra poor and means must be found to accelerate the creation of small and medium sized enterprises keeping in mind the risk element inherent in them.
Since then, AKAM has helped individuals, households and small businesses across several countries to achieve financial self reliance. We have established and developed microfinance institutions offering loans to underserved populations, tailored to needs ranging from home sanitation infrastructure to livestock acquisition. Other services include opening savings accounts and handling remittances, facilitated by digital banking channels.
Over the years, these institutions have established a presence for themselves in their respective markets. As they evolve into self-supporting commercial entities, we transfer part or whole of their ownership to other agencies within or outside AKDN. We then withdraw from their operations to refocus resources towards developing new areas.
Agricultural Lending
We offer agricultural loans to underserved rural areas where poverty is high and agriculture is critical to livelihoods.
Housing Loans
We offer home improvement loans to 30,000 clients, alongside free construction advisory services.
Quality of Life Loans
Our quality of life loans help the excluded become self-reliant and graduate into mainstream financial markets.
Remittances
Our affiliates help clients access remittances in countries where they are a major source of income.
Savings
Micro-savings accounts enable clients to save their money safely and with remuneration, protecting them from income fluctuation.
Small and Medium Enterprises
As clients outgrow microfinance, we can often offer them small commercial loans to develop their businesses.
Contact the Aga Khan Agency for Microfinance
Tel: +41 22 909 72 00
Fax: +41 22 909 72 90
1-3 Avenue de la Paix
1202 Geneva
Switzerland