The national association for Pakistan’s microfinance industry has a membership with 46 microfinance providers under the Pakistan Microfinance Network. This includes retail players such as Microfinance Banks which are regulated by the State Bank of Pakistan and Non-Microfinance companies regulated by the Securities Exchange Commission Pakistan (SECP).
The microfinance industry provides retail services for micro-credit, micro-savings, and microinsurance. A growth of 5% was seen in micro-credit, 35% for micro-savers, and a 7% increase in micro-insurance since last year.
Overall, microfinance initiatives provide liquidity to microfinance providers in spite of the tight liquidity conditions. Such initiatives come in the form of packages through microfinance banks, microfinance institutions, rural support programs, other commercial financial institutions, and non-governmental organizations.
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