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Programme for Increasing Sustainable Microfinance

Programme for increasing Sustainable Microfinance


Microfinancing is in great demand throughout Pakistan, but at present only a small part of the population has access to financial services. Donor funding for microfinance is declining, and it is crucial that microfinance funds now be provided by the commercial sector. The programme will help forge partnerships between commercial banks and microfinance organizations to help the microfinance sector continue to grow sustainably and expand its outreach. This in turn will help stimulate economic growth in rural areas and create better livelihoods for rural households.


Source: IFAD


Status: Closed

Country

Pakistan

Approval Date

12 September 2007

Duration

2007 - 2013

Sector

Credit and Financial Services

Total Project Cost

US$ 46.58 million

IFAD Financing

US$ 35.01 million

Co-financiers (Domestic)

Domestic Financing Institutions US$ 11.01 million

Financing terms

Highly Concessional

Project ID

1100001413

Project Contact

Matteo Marchisio


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Supervision and implementation support documents

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