Agahe Pakistan

What Agahe Pakistan does

Agahe Pakistan is a non-bank microfinance company registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act 2017 as a Company Limited by Guarantee Not Having a Share Capital (Registration No. 0097427, dated 22 January 2016). Founded with PKR 50 million in initial capital jointly provided by the Association for Gender Awareness and Human Empowerment (AGAHE) and the Pakistan Poverty Alleviation Fund (PPAF), the company operates 50 branches across 16 districts of Punjab through 9 Area Offices and 1 Regional Office, serving more than 275,000 households — primarily marginalized women, smallholder farmers, livestock producers, and youth — with microfinance, interest-free loans (Qarz-e-Hasna under the Prime Minister's Interest-Free Loan Program), and capacity-building services.

The company offers nine financial products — General Business Loan, Agriculture Loan, Livestock Loan, Micro-Enterprise Loan, Solar Home Solutions Loan ("Roshan Gharana-Roshan Pakistan," the first MFI-launched solar financing product in Pakistan), Auto Loan, Education Finance, House Loan, and the Shariah-compliant Mairaj Islamic Finance — complemented by eight non-financial services (Market Linkages, Enterprise Development Trainings, Client Graduation, Borrower's Financial Literacy, Livestock Value Chain, Digital Finance, Crop Productivity Enhancement, and Client Health Insurance). Distribution combines a deep physical branch-led field sales model with branchless banking integrations (UBL Omni, EasyPaisa, HBL Konnect) and the Agahi Android mobile app for client engagement.

Agahe Pakistan's revenue model is anchored in net interest income from conventional microfinance lending, with the interest-free tranche funded through concessional capital from PPAF and PMIC, plus fee and commission income from microinsurance (Asia Insurance) and value-chain services. The institution holds a PACRA credit rating of BBB (long-term) / A3 (short-term) with stable outlook and is classified by SECP as a Large Sized Company. Diversified funding sources include PMIC, PPAF, NBP, BOP, JS Bank, Faysal Bank, HBL, MCB, Allied Bank, Bank Alfalah, Bank Al Habib, and Askari Bank.

Name

Agahe Pakistan

Legal name

Agahe Pakistan

Website

https://agahepakistan.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Agahe Pakistan is a non-bank microfinance company headquartered in Lahore, serving 275,000+ households across 16 districts of Punjab through 50 branches. It offers nine loan products — including solar, Islamic, and education finance — and non-financial services targeting marginalized women, smallholders, and youth.

Ownership category

akta.pro rank

Product category

Microfinance Services

NAICS

Sales Financing (52222), Commercial Banking (522110)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), Personal Credit Institutions (6141)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)

Keywords

• Microfinance lending
• Interest-free loans
• Rural microfinance
• Solar home financing
• Financial inclusion services

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Microfinance Lending (Conventional Loans): Primary revenue stream from interest-bearing microfinance loans across 50 branches serving 275,000+ households. Products include General Business Loan, Agriculture Loans, Livestock Loan, Micro-Enterprise Loan, Auto Loan, and House Loan. Portfolio surpassed PKR 3 billion outstanding loan portfolio (OLP) milestone in November 2025, up from PKR 2 billion in April 2024.
2. Interest-Free Loans (Qarz-e-Hasna): Interest-free loan program implemented under PPAF's Prime Minister's Interest-Free Loan Program, serving 60,000+ households at the bottom of the pyramid. Funded through grants/partnership capital from PPAF and the parent AGAHE NGO.
3. Solar Financing (Roshan Gharana): Revenue from renewable energy / solar home financing loans — Agahe Pakistan is the first MFI in Pakistan to launch this product category. Operates under PMIC's PRIME Solar Program framework.
4. Education Finance: Loans to low-cost private schools for operational and expansion needs (Opportunity International EduFinance collaboration), plus student-side education financing.
5. Client Health Insurance: Non-financial service offering client health insurance in partnership with Asia Insurance and insurance partners, supporting client welfare and risk mitigation.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels11 records

Core offering

Agahe Pakistan is a non-bank microfinance company that provides interest-bearing and interest-free microfinance loans (General Business, Agriculture, Livestock, Micro-Enterprise, Solar, Auto, Education Finance, House, and Shariah-compliant Islamic Finance) to marginalized households in Punjab, Pakistan. It supplements lending with non-financial services including financial literacy, enterprise development, livestock and crop value chain support, market linkages, client graduation, and client health insurance, distributed through a 50-branch field-led network and digital channels.

Product overview

Agahe Pakistan offers a non-bank microfinance platform-plus-modules architecture, comprising nine financial loan products (General Business Loan, Agriculture Loan, Livestock Loan, Micro-Enterprise Loan, Solar Loans / Roshan Gharana, Auto Loan, Education Finance, House Loan, and the Shariah-compliant Mairaj Islamic Finance), supported by eight non-financial services (Market Linkages, Enterprise Development Trainings, Client Graduation, Borrower's Financial Literacy, Livestock Value Chain, Digital Finance, Crop Productivity Enhancement, and Client Health Insurance), delivered through a 50+ branch network across 16 districts of Punjab. The customer-facing Agahi mobile app complements the in-branch channel, while digital service providers (UBL Omni, EasyPaisa, HBL Konnect, Munsalik) enable digital disbursements and collections.

Differentiator

Problem solved

Functional benefit

Brands

• Roshan Gharana-Roshan Pakistan: First microfinance solar-financing product launched by Agahe Pakistan, providing financing for solar home solutions.
• Mairaj Islamic Finance

Products and services

• General Business Loan Core commercial microfinance loan product for micro-entrepreneurs and small business owners for income generation activities. Available through conventional and interest-free loan programs across Agahe Pakistan's branch network in Punjab.
• Agriculture Loans Sector-specific microfinance product financing agricultural activities for rural clients, paired with Crop Productivity Enhancement Initiatives under the Agriculture Value Chain program.
• Livestock Loan Microfinance product financing livestock / dairy farming activities, integrated with the Livestock Value Chain program and Livestock Management & Best Dairy Practice training.
• Micro-Enterprise Loan Loan product targeting very small enterprises and cottage industries to support entrepreneurship among marginalized communities.
• Solar Home Solutions Loan (Roshan Gharana - Roshan Pakistan) Renewable energy / solar home solutions financing product, originally launched by Agahe Pakistan as the first MFI solar-financing product in Pakistan under the banner "Roshan Gharana – Roshan Pakistan". Distributed via the PRIME Solar Program relaunch with PMIC.
• Auto Loan Vehicle financing microfinance product for borrowers needing transport for income generation activities.
• Education Finance Financing product for low-cost private schools and education-related needs, in partnership with Opportunity International EduFinance and PMIC.
• House Loan Housing microfinance loan for low-income households, aligned with the TRiMM Fund affordable-mortgage initiative discussed with PMIC.
• Mairaj Islamic Finance Shariah-compliant Islamic microfinance product offering Murabaha-based and other modes of Islamic financing, certified through training programs with Akhuwat Islamic Microfinance and Al hamad Shariah Advisory services.
• Client Health Insurance Health insurance product for microfinance clients, with exposure visits from Asia Insurance and TAGMU to develop the offering.
• Agahi Mobile App Customer-facing Android mobile application published by Agahe Pakistan via Google Play Store (package: com.zanaenvrox.agahi) for client engagement and service access.

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

21 partnerships are on record, tiered flagship, core and minor.

• WaterAid PakistanflagshipStrategic or Co-development Partner · 14 March 2026Co-organized a learning exchange in Islamabad with Welthungerhilfe and AGAHE to launch technical guidelines on Nature-Based Solutions for water resources management. Aimed at accelerating adoption of climate-resilient WASH services in Pakistan through rainwater harvesting, groundwater recharge, and nature-based wastewater treatment.
• WelthungerhilfeflagshipStrategic or Co-development PartnerCo-organized learning exchange with WaterAid Pakistan and AGAHE for launching Nature-Based Solutions technical guidelines for climate-resilient WASH services in Pakistan.
• Association for Gender Awareness and Human Empowerment (AGAHE)flagshipStrategic or Co-development PartnerFounding parent NGO that provided technical and financial support to meet the PKR 50-Million minimum capital requirement for SECP licensing. Founding Director Mubarak Ali Sarwar remains actively involved. Provides ongoing support for flood relief (Sept 2025 ration distribution in Mandi Ahmadabad) and concessional patient capital.
• State Bank of Pakistan (SBP)flagshipStrategic or Co-development PartnerPrimary regulator of the microfinance sector. Hosts SBP Multan meetings (Aug 2025) unveiling Empower Her Finance and SME Mentorship Program (with Baithak forum). Coordinates Financial Literacy Week with SECP. Provides prudential regulations, trainings, and conferences (NIBAF Pakistan trainings on AML/CFT, Shariah-compliant finance, climate resilience in microfinance).
• Securities and Exchange Commission of Pakistan (SECP)flagshipStrategic or Co-development PartnerLicensing regulator (Company Limited by Guarantee under Section 42 of Companies Act 2017). Agahe Pakistan promotes SECP financial literacy across its operational network. Co-hosts Financial Literacy Week events with SBP. SECP complaint redressal authority for stakeholders.
• UBL OmnicoreTechnology or IntegrationDigital service provider enabling branchless banking transactions (loan disbursement and collections) for Agahe Pakistan clients.
• EasyPaisacoreTechnology or IntegrationDigital service provider enabling mobile wallet-based disbursements and collections for Agahe Pakistan clients.
• HBL KonnectcoreTechnology or IntegrationMOU signed between Agahe Pakistan and HBL Konnect at Head Office in Lahore. Enables digital financial services for Agahe Pakistan clients.
• Opportunity InternationalcoreStrategic or Co-development PartnerPartners on Education Finance program. Agahe Pakistan participated in Opportunity International's 2024 Global Education Finance Conference. Underwrites "EduFinance" program supporting low-cost private schools.
• NIBAF Pakistan (National Institute of Banking and Finance)coreStrategic or Co-development PartnerProvides specialized trainings to Agahe Pakistan staff: "Building Climate Resilience in Microfinance Operations" (Faisalabad, Nov 2025); Shariah-compliant finance training (Lahore, Aug 2025); Empower Leadership Program (NIBAF SBP BSC Lahore, July 2025).
• SMEDA (Small and Medium Enterprise Development Authority)minorGTM or Marketing PartnerAgahe Pakistan participated in SMEDA Cluster Showcase Expo 2026 (Jan 24-26, Lahore Expo Center) showcasing clients' handcrafted products.
• Punjab Microfinance Network (PMFN)minorStrategic or Co-development PartnerMOU signed between PMFN and Munsalik at Agahe Pakistan's Head Office, Lahore (June 2023). Barak Ullah represented Agahe Pakistan at signing.
• MunsalikminorStrategic or Co-development PartnerPartnered with PMFN via MOU signed at Agahe Pakistan's Head Office. Munsalik logo displayed on Agahe Pakistan website.
• Asia Insurance CompanyminorStrategic or Co-development PartnerExposure visit and partnership discussions at Agahe Pakistan (October 2023). Provides Client Health Insurance (microinsurance) for Agahe Pakistan borrowers.
• TAGMU (Tameer-e-Millat) Pvt LtdminorStrategic or Co-development PartnerExposure visit to Agahe Pakistan (October 2023). Mubeen Asif (Team Lead Tagging Operations at TAGMU) participated in discussions on agri-related insurance and value chain initiatives.
• Akhuwat Islamic MicrofinanceminorStrategic or Co-development PartnerCo-facilitated a comprehensive two-day training session on Shariah-Compliant Microfinance Products with PPAF (November 2024).
• TCS (TCS Logistics)minorStrategic or Co-development PartnerPartner in PMIC's "Informal to International" initiative enabling women borrowers in District Bahawalpur to access e-commerce logistics.
• Daraz (Alibaba Group)minorStrategic or Co-development PartnerPartner in PMIC's "Informal to International" initiative enabling women borrowers in District Bahawalpur to sell products online.
• MG ApparelminorStrategic or Co-development PartnerPartner in PMIC's "Informal to International" initiative enabling women borrowers to access apparel manufacturing/value-chain opportunities.
• CIRCLE Women AssociationminorStrategic or Co-development PartnerConducted online training sessions for women borrowers of Agahe Pakistan (May 2025, October 2023) on Digital Literacy Program and social media/e-commerce use — part of the Informal to International initiative led by PMIC.
• Pakistan Microfinance Network (PMN)minorStrategic or Co-development PartnerSector development partner referenced by CEO message as a key supporter; participates in PMN-led sector initiatives and Annual Microfinance Conferences.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Akhuwat: Pakistan's largest interest-free microfinance provider; directly comparable to Agahe Pakistan given the overlapping Shariah-compliant and Qarz-e-Hasna product lines, and Akhuwat is also a co-training partner of Agahe Pakistan.
• Khushhali Microfinance Bank: Largest microfinance bank in Pakistan by branch network; competes head-on with Agahe Pakistan in microenterprise, agriculture, livestock and housing loans, with overlapping Punjab presence.
• NRSP Microfinance Bank: Microfinance bank with deep rural Punjab presence serving smallholder farmers and rural households; comparable branch-led distribution model, agricultural and livestock lending focus, and bottom-of-pyramid customer profile.
• U Microfinance Bank: Microfinance subsidiary of UBL with nationwide branch and digital microfinance offering; comparable in serving low-income borrowers with both conventional and Islamic products, and overlaps in Punjab.
• Kashf Foundation: One of the largest Tier-1 microfinance institutions in Pakistan serving low-income women entrepreneurs; directly comparable in customer segment (marginalized women), product set (microenterprise, housing, insurance) and Punjab footprint.
• FINCA Microfinance Bank Pakistan: Tier-1 microfinance bank offering microenterprise, agriculture and housing loans to underserved clients; comparable in target market, product suite and mission-driven positioning.

Others

• Pakistan Microfinance Investment Company (PMIC): Wholesale funding vehicle for the Pakistani microfinance sector; key lender and capacity-building partner of Agahe Pakistan through PRIME Solar, TRiMM housing and the 'Informal to International' initiative.

Broad incumbents

• Telenor Microfinance Bank (Easypaisa): Pakistan's largest branchless mobile-banking platform and listed partner of Agahe Pakistan for digital disbursement; comparable as a microfinance provider with a different (digital-led) distribution model.
• HBL (Habib Bank Limited) Microfinance Division: Pakistan's largest commercial bank with a microfinance arm and HBL Konnect branchless network used by Agahe Pakistan for digital disbursement; overlaps in agricultural and small-business lending.

Regional players

• Opportunity International: Global microfinance and EduFinance-focused NGO that partners with Agahe Pakistan on Education Finance; comparable in serving low-cost private schools with credit, though operating globally rather than as a direct Pakistan retail competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PakistanAgahe
• LinkedInlinkedin.com/company/agahe-pakistan

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agahe Pakistan