Tag Archives: microfinance

  Microfinance in Pakistan has had a significant shift from the days when microfinance was being discussed as the next big innovation to address the poverty issues in Pakistan to being discussed in terms of the next big investment opportunity. The perception of microfinance in Pakistan has undergone a fundamental change in more than a decade of its evolution. The microfinance sector in Pakistan has developed a successful and sustainable …

  Pakistan has favorable environment for the growth and expansion of microfinance sector: EIU Over 2 million beneficiaries including non muslims are taking the productive use of Islamic microfinance worldwide Islamic banking industry has been showing a spectacular annual growth rate of over 30 percent over the past five years with sustained growth momentum despite substantial increased base. Islamic Banking has been expanded across 80 districts of the country with …

  Every third Pakistani is living below the poverty line Poverty alleviation was one of the key objectives of the economic agenda of the PML (N) government and microfinance is the most effective instruments of poverty reduction. As per World Bank estimates, around 25 million people live in extreme poverty in Pakistan and the adverse impacts of global financial, food, and fuel crises posed multiple challenges to Pakistan’s rapidly evolving …

  Micro credit banking has emerged out to be an effective tool to combat wide spread poverty in the third world countries. Provision of credit to the people at grassroots level and small firms is an excellent strategy to boost economic activities and generating job opportunities especially in Balochistan a country’s largest province, with nearly 44 percent of its surface area and a thinly dispersed population of around 7.5 million. …

  Microfinance involves loans which are given to those who would not qualify for conventional bank loans. The loans extended could be as low as PKR 10,000 to assist basic needs and small business startups. The idea for microfinance is to alleviate poverty to focus on economic development. With the risky profile of the borrower, loans carry high degree of risk. Collateral is ascertained primarily through estimates. The repayment is …

  Interview with Mr Ghazanfar Azam – CEO, Mobilink Microfinance Bank Profile Ghazanfar Azam joined Mobilink Microfinance Bank (MMBL) formerly known as Waseela Microfinance Bank Limited as its President and Chief Executive Officer (CEO) in April 2012. Under his guidance, Waseela Microfinance Bank now operates 51 branches and 60,000 branchless banking agents offering micro loans, savings, domestic remittances, utility bill collection, mobile wallets, life insurance, G2P& B2P payments through a …

  A financial system (within the scope of finance) is an arrangement that permits the exchange of funds between lenders, borrowers and investors. Financial systems operate at firm-specific, national and global levels. They comprise adaptable, closely related services, markets, and institutions designed to provide well-organized and regular linkage between investors and depositors. Banks are the part of financial system and their primary function is to lend money to generate revenue. …

  Islamic microfinance represents the confluence of two rapidly growing industries: microfinance and Islamic finance. It has the potential to not only respond to unmet demand but also to combine the Islamic social principle of caring for the less fortunate with microfinance’s power to provide financial access to the poor. Unlocking this potential could be the key to providing financial access to millions of Muslim poor who currently reject microfinance …

  In Pakistan microfinance sector depends upon external consultants and their strategic sights for economic development. These consultants are being hired to obtain utmost coherence with strategic ways and their alliance with output. Consultants are accountable for initializing business ideas for microfinance sector. The business ideas are best in function and offer principles how to start from day one till end of business. This sector in the country is keen …