The 2005 Aga Khan Agency for Microfinance Annual Report

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COVER: EBRAHIM MOHAMMED, A TILE-MAKER, HAS TAKEN SEVERAL LOANS, STARTING WITH US$ 500 IN 2002, TO BUY MACHINERY ANDEXPAND HIS BUSINESS. HE NOW HAS SIX EMPLOYEES, ONE OF WHOM IS SHOWN POLISHING TILES WITH MACHINERY PURCHASED WITHA LOAN. “EVENTUALLY,” EBRAHIM SAYS, “I WANT TO SELL MY TILES ACROSS AFGHANISTAN.”
<strong>2005</strong>CONTENTS25811151618203940444547THE AGA KHAN AGENCY FOR MICROFINANCE:INAUGUR AL STATEMENTSTHE YEAR IN REVIEWTHE AGA KHAN AGENCY FOR MICROFINANCEWORKING IN CONCERT WITH THE AGA KHANDEVELOPMENT NETWORKOBJECTIVES AND PRINCIPLESFINANCIAL SERVICES FOR THE POORTHE MICROFINANCE “LADDER”COUNTRY REVIEWSTHE MICROINSURANCE INITIATIVEFINANCIAL SUMMARYPROGRAMME PARTNERSFACTS AT A GLANCECONTACTS1
Page 1: Aga Khan Agency for Microfi nanceA
Page 5 and 6: 2005James Wolfensohn, Former Presid
Page 7 and 8: 2005THE YEAR IN REVIEWThe year 2005
Page 11: Afghanistan, they have supported re
Page 14 and 15: Aga Khan Education Services (AKES)
Page 17 and 18: OBJECTIVES AND PRINCIPLESThe underl
Page 19 and 20: initiative in microinsurance is see
Page 22 and 23: COUNTRY REVIEWSAKAM’s microfinanc
Page 24 and 25: of financial stability and have dev
Page 26 and 27: IN BURKINA FASO, AKFED'S SN-SOSUCOR
Page 28 and 29: development of enterprise, traditio
Page 30 and 31: KYRGYZ REPUBLICTHE PURCHASE AND REA
Page 32 and 33: MALIIn 2005, the Malian government
Page 34 and 35: a total of over US$10 million had b
Page 36 and 37: AKTC to help finance housing improv
Page 38 and 39: SMALL LOANS FOR FUEL AND TRANSPOR-T
Page 41 and 42: THE MICROINSURANCE INITIATIVEMicroc
Page 43 and 44: Balance Sheet 2005UNAUDITED CONSOLI
Page 45 and 46: Kyrgyz RepublicMozambiquePakistanSy
Page 47: FACTS AT A GLANCEFounder and Chairm
Page 50: THE IMAMATAGA KHAN DEVELOPMENT NETW

The 2005 Aga Khan Agency for Microfinance Annual Report

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