March 18, 2007

Mar. 18, 2007: Foundation, Microinsurance, AKAM, Pakistan & Tanzania

Update to: Mar. 15, 2007: Missing screen capture
Banking, Aga Khan Fund for Economic Development, Citigroup, ABN-Amro, Pakistan, Habib Bank

Scroll down that same webpage to a list of links to related points starting with:

Frost Hits the Rhubarb Feb. 25 2007
re: Global Development
Microcredit - CIDA - Aga Khan Foundation - Taxpayer Input - Public-Private Partnerships - Transparency - Ramifications - Private Microbank - AKCA / AKF

There are other links.

Bill & Melinda Gates Foundation Awards $5.5-Million Grant to Aga Khan Foundation U.S.A. for an Initiative In Microinsurance -- Five-year grant will focus on microinsurance for the poor in Pakistan and Tanzania , Media, January 17, 2006 -- American Council for Voluntary Interaction -- here , Aga Khan Foundation U.S.A. Martha Sipple, (202) 293-2537

Washington, DC, January 17, 2006 – The Bill & Melinda Gates Foundation has awarded a grant of $5.5 million to Aga Khan Foundation U.S.A. (AKF USA) for a microinsurance initiative in Pakistan and Tanzania. .... improve the economic stability of microentrepreneurs and other poor families....

AKF USA will work with the Aga Khan Agency for Microfinance (AKAM) in implementing activities, first in Pakistan, where the Aga Khan Development Network (AKDN) has well-established institutions and a long history of innovation in financial services, insurance, social development and poverty reduction. In 2007, AKAM will begin program activities in Tanzania, where AKDN has also had a long-term presence.

The initiative is designed to create a replicable model for extending and deepening the impact of microfinance by providing affordable, comprehensive insurance products to poor and very poor microfinance clients. It offers the opportunity to test how microinsurance services could become a powerful and cost-effective tool complementing micro-lending and savings. [....]

The Aga Khan Development Network (AKDN) .... It is a group of private, non-denominational development agencies .... sub-Saharan Africa, Central and South Asia, and the Middle East. The Network’s nine development agencies ... compassion for the vulnerable in society. Its annual budget for philanthropic activity is in excess of US$300 million.

The agencies of the AKDN have been involved in microfinance for over 60 years, starting initially with small-scale micro-credit schemes for the poor. In 2005, these various micro-finance agencies were amalgamated under the Aga Khan Agency for Microfinance (AKAM) to deliver innovative services including micro-insurance, small housing loans, savings, education and health accounts, and support for small entrepreneurs seeking to develop businesses related to restored cultural assets. [....]

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