Speaker KP Assembly Distributes Rs 12 Million Interest-Free Loan Checks To 300 People
6 hours ago
Sat, November 20, 2021 | 19:09
Assembly Speaker Khyber Pakhtunkhwa Mushtaq Ahmad Ghani said on Saturday that the Akhuwat organization had so far given Rs. 1.5 trillion in interest-free loans to unemployed people nationwide with 100% payback
ABBOTTABAD, (UrduPoint / Pakistan Point News – November 20, 2021): Assembly Speaker Khyber Pakhtunkhwa Mushtaq Ahmad Ghani said on Saturday that the Akhuwat organization had so far given Rs. 1.5 trillion in interest-free loans. to the unemployed across the country with 100% payback.
He expressed these views during a ceremony to distribute checks worth 12 million rupees to 300 unemployed people through the Akhuwat organization at a local mosque.
The speaker said millions of unemployed people support their families by running small businesses with financial assistance from the Akhuwat organization.
Mushtaq Ghani said he was very happy to see the Akhuwat working method which grants loans without any collateral.
He said that commercial banks give loans to the public with collateral and after many verifications, but their collection rate still does not reach 100 percent, which is quite astonishing.
With interest-free loans, the unemployed could start their own businesses and set up small businesses to support their families, the speaker added. A large number of locals participated in the function.