Tag Archives: Microfinance

The microfinance catalyst

So-called “impact investors” – providers of capital to businesses that solve social challenges while generating a profit – are the current rage in economic development. US President Barack Obama’s Office for Social

Microfinance sector confronting challenges

Microfinance sector in Pakistan is facing multiple internal and external challenges, despite due importance from the government. Studies suggest that internal weaknesses of microfinance institutions (MFIs), lack of adequate training, misuse of

PPAF, PMN join hands to develop microfinance sector

KARACHI – Pakistan Poverty Alleviation Fund (PPAF) and Pakistan Microfinance Network (PMN) have joined hands to launch an online platform that will allow microcredit lenders and other stakeholders to assess competitive situation in their specific markets.
A statement issued by PPAF on Sunday stated that in an agreement to this effect was signed between by PPAF CEO/MD Qazi Azmat Isa and PMN CEO Mohsin Ahmad. International Fund for Agricultural Development (IFAD) Mission Leader

IFC to back new microfinance effort

ISLAMABAD – The International Finance Corporation (IFC) is improving access to finance for Pakistani farmers by investing in the upgradation of the National Rural Support Programme’s (NRSP) micro-credit arm into a regulated, deposit microfinance bank.
IFC will acquire a stake of up to 16 percent in the new NRSP Microfinance Bank to support the bank’s operation of providing farmers with access to crop and livestock loans, develop deposit products to encourage savings and enhance

SBP thumps up NRSP to operate as microfinance bank

KARACHI – The State Bank of Pakistan (SBP) has allowed NRSP Microfinance Bank (NRSP-MFB) to commence its countrywide operations as a microfinance bank, the central bank said on Thursday. Earlier, the central bank had issued a license to the bank that is envisaged to provide increased inclusive financial services in the country’s rural areas. Licensing of NRSP-MFB was the result of gradual transformation of National Rural Support Program (NRSP) into microfinance bank. The NRSP-MFB has