Staff Reporter
Karachi
ACCA (the Association of Chartered Certified Accountants) and Akhuwat have signed a Memorandum of Understanding (MoU) which will help micro-entrepreneurs in the country to get access to professional support and develop financial literacy.
Both the organisations have agreed to work closely on improving the financial literacy among micro-entrepreneurs who take interest-free loans from Akhuwat to help them with their business success and sustainability.
Speaking at the MoU signing ceremony in Lahore, head of ACCA Pakistan, Sajjeed Aslam said, “In Pakistan, ACCA and its members are working to drive financial literacy at the bottom of the pyramid. We feel it’s important to empower micro enterprises with basic tools that will make them embrace it, so that they don’t wake up one day and say “my money is missing”.
The accountancy profession is doing great things in the corporate sector but we also need to do more for people who don’t have the resources but have big dreams.” This initiative will have a huge impact on our economy. Both ACCA and Akhuwat are committed to end poverty in the country and put our economy on a road to prosperity.
Akhuwat’s Founder, Dr Amjad Saqib also spoke at the event. He said, “Our mission is twofold. Akhuwat is world’s largest interest free microfinance organisation that does not only encompass around empowering the unprivileged by giving them interest free loans but we also are striving to gauge the other needs of our community members and serve them accordingly.”
