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Shareholders

 

Shareholders

Shareholding Structure

The shareholding structure of the bank as at 31st August 2018 is as below:

No Name of Shareholder Percentage of Shareholding
1 Aga Khan Agency for Microfinance (AKAM) 39.4%
2 Kreditanstalt Für Wiederaufbau (KfW) 31.9%
3 International Finance Corporation (IFC) 16.8%
 4  Aga Khan Foundation USA (AKF USA)  11.9%

Shareholder Profiles

About the Aga Khan Agency for Microfinance

For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance services through integrated development programs and self-standing microfinance institutions. Savings groups and revolving housing loans were offered by AKDN institutions as early as the 1950s. Later, the Aga Khan Rural Support Programs (AKRSP) in India and Pakistan made savings groups a cornerstone of their integrated approach to development. These programs, as well as others, helped start businesses, create jobs, build homes and finance house improvements, purchase seed and livestock, smooth over the impact of unforeseen health costs and make higher education possible. Today, these programs have been brought together under the Aga Khan Agency for Microfinance (AKAM). The underlying objectives of AKAM are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. AKAM aims to improve the quality of life of people by helping them to improve their incomes, become self-reliant and gain the skills needed to graduate into the mainstream financial markets.

Kreditanstalt Für Wiederaufbau (KfW)

The KfW is a German government-owned development bank, based in Frankfurt. KfW provides economic impulses for the economy, society and ecology in Germany, Europe, and the world over. It supports change, promotes promising ideas and finances investments and accompanying consulting services in developing countries. It carries out its work and its development mandate on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

International Finance Corporation (IFC)

IFC, a member of the World Bank Group, is the largest global development institution focused on private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create market, and opportunities in the developing countries. In the first quarter of 2020 IFC invested $ 22 Billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty. For more information visit www.ifc.org

Aga Khan Foundation U.S.A. (AKF)

Aga Khan Foundation U.S.A. (AKF USA), established in 1981 in Washington DC, is a private, non-denominational, not-for-profit international organization committed to the struggle against poverty, hunger, illiteracy and poor health, primarily in Africa and Asia. The Foundation works to address the root causes of poverty by supporting and sharing innovative solutions in the areas of health, education, rural development, civil society and the environment. Using community-based approaches to meet basic human needs, the Foundation builds the capacity of community and non-governmental organizations to have a lasting impact on reducing poverty. Aga Khan Foundation has branches and affiliates in 20 countries with its headquarters in Geneva, Switzerland since 1967. AKF USA is an agency of the Aga Khan Development Network (AKDN). AKF USA’s role within the Network includes mobilizing resources and strategic partnerships with a variety of U.S.-based institutional partners including government agencies, policy institutes, corporations, foundations, NGOs, universities, associations and professional networks. AKF USA serves as a learning institution for program enhancement, policy dialogue and disseminating best practices and knowledge resources. It collaborates in providing technical, financial and capacity-building support to other AKDN agencies and programs worldwide. In facilitating and representing AKDN interests in the US, AKF USA organizes outreach campaigns, manages volunteer resources and conducts development education among US constituencies.