Pakistani microfinance organization Owner wins Asia’s Nobel
Muhammad Amjad Saqib won the 'Ramon Magsaysay' award on Tuesday for his efforts in the Pakistan microfinance Industry. Saqib's organization named 'Akhuwat' is the biggest microfinance in the world.
Muhammad Amjad Saqib started Akhuwat as an interest free microfinance organization in 2001
LAHORE, PAKISTAN - On Tuesday 31st August, Muhammad Amjad Saqib, the owner of Akhuwat Foundation, won the 'Ramon Magsaysay' award. The Ramon Magsaysay award is the Asian Equivalent of the Nobel Prize and is often termed as 'Asian Nobel'.
Amjad Saqib received the award for developing and carrying Akhuwat to become the nation's largest microfinance organization. Akhuwat is interest and collateral free thus being the first of its kind, it has helped a lot of the Pakistani lower class.
Muhamma...