The State Bank of Pakistan (SBP), the central bank of the country, recently announced a strategic plan to promote the soundness of the microfinance industry.
The plan, which covers the period from 2011 to 2015, would strengthen capital adequacy requirements and provisioning requirements and strengthen internal risk controls within microfinance institutions (MFIs).
The Pakistani MFIs reporting data for 2009 to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, have an aggregate loan portfolio of USD 114 million, total assets of USD 232 million and 747,000 active borrowers.
By Trevor Kwong, Research Assistant
Sources and Additional Resources:
[1] Source Article: The Express Tribune: State Bank lays framework for sustainable microfinance:
http://tribune.com.pk/story/78046/state-bank-lays-framework-for-sustainable-microfinance/
[2] Microfinance Information Exchange (MIX): Pakistan:
http://www.mixmarket.org/mfi/country/Pakistan
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