The microfinance sector in Pakistan is facing many challenges to build inclusive sustainable economic growth. According to World Bank Group Findex data, Pakistan is home to 100 million unbanked people which is 5.2% of the world’s unbanked population (2016). State Bank of Pakistan’s data shows that only 23% of adults in Pakistan use formal financial service and only 16% of Pakistani adults have an account with a formal financial Institution (2015).
We launched our microfinance operations in Pakistan in 2007 to contribute to the reduction of poverty, create self-employment opportunities, enhance household income level, and reduce vulnerabilities of people in poverty. Focused exclusively around women, we strengthen the income base of women in poverty by providing access to credit that in turn enables them to start and expand income generating enterprises.
Our microfinance programme has three main components: microloans, small enterprises programme, and agriculture programme. We provide microloans to women, and bigger sized loans to small enterprises. Our agricultural programmes provide loans to smallholder farmers for farming equipments.
We have recently adopted digital solutions for ease of transactions for our clients.