AMFB is a private commercial microfinance bank licensed by State Bank of Pakistan under the Microfinance ordinance 2001 to operate in Karachi district in 2005. AMFB specializes in providing financial services to the marginal poor including empowerment of women in rural areas of Pakistan. In order to create harmonization with the vision to build a microfinance bank dedicated to serve agricultural and allied community, its new sponsors changed its name to Apna Microfinance Bank Limited from Network Microfinance bank limited. As of June 2012, it has 696 active borrowers, gross loan portfolio of PKR 28.7 million, 16,838 active savers with value of savings at PKR 130.7 million.
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Microfinance Banks
Microfinance Bank licensed and prudentially regulated by the State Bank of Pakistan to exclusively service microfinance market
Kashf Microfinance Bank Limited (KMBL) was established in June 2008, following a decade of success by Kashf Foundation, with a vision to become Pakistan’s leading microfinance bank serving all to become a prosperous, equitable and poverty free Pakistan. KMBL offers a diversified range of financial products and services to low income wage earners as well as the self-employed of Pakistan. It aims to build upon Kashf Foundation’s success in Pakistani market to extend outreach by leveraging on the foundation’s distribution network. As of June 2012, it has 22,035 active borrowers, gross loan portfolio of PKR 838.3 million, 0.14 million active savers with value of savings at PKR 1.6 billion
KhushhaliBank Limited was founded in the year 2000 and was a part of the Government’s Poverty Reduction Strategy and its Microfinance Sector Development Program (MSDP). The mandate remains to retail microfinance services and to act as a catalyst in stabilizing the country's microfinance sector. It aims to establish a sustainable platform of financial services to the poor accompanied with retail delivery mechanisms.
As of June 2012, it has 4,35,353 active borrowers, gross loan portfolio of PKR 518.8 million, 3,39,296 active savers with value of savings at PKR 2.1 billion
NRSP Microfinance Bank Limited commenced operations in March 2011. The bank has been incorporated under the Companies Ordinance, 1984 as a public company limited by shares and licensed to operate as a nationwide microfinance bank under the Microfinance Ordinance 2001. It has planned to gradually transform the micro credit operations of the country’s largest provider of microfinance services (National Rural Support Program) into a regulated microfinance bank.
As of June 2012, it has 1,10,849 active borrowers, gross loan portfolio of PKR 2.2 billion, 48,333 active savers with value of savings at PKR 950.8 million
Pak Oman Microfinance Bank was inaugurated on May 21, 2006 in Pakistan on a nationwide basis. It has been jointly sponsored by the Sultanate of Oman and the Pak Oman Investment Company. The bank is offering a range of microcredit and micro-savings products and services and aspires to become an engine of job creation to the under-privileged segments of Pakistani society.
As of June 2012, it has 12,052 active borrowers, gross loan portfolio of PKR 149.6 million, 17,575 active savers with value of savings at PKR 25.6 million [all figures are in PKR]
Rozgar Microfinance Bank Ltd (RMFB) commenced its operations in April 2005. It was incorporated as a public company limited by shares, under the Companies Ordinance, 1984. It aims to provide organizational, financial and infrastructural support to poor persons, particularly poor women, for mitigating poverty, and social welfare and economic justice through community building and social mobilization. In July 2012, Ufone, one of the Pakistan’s largest telecom companies acquired 100 percent share of Rozgar Microfinance Bank Ltd to rollout their branchless operations in the country
TMFB is a private commercial Microfinance bank licensed by the State Bank of Pakistan under the Microfinance Ordnance 2001. It is one of the first nation-wide, private-sector, non-NGO transformed, commercially sustainable micro-finance institutions in Pakistan. It was established in 2005 and aims to provide dedicated services to the economically active poor and to be demand driven, client centered and responsive to the special needs of customers
As of June 2012, it has 1,44,850 active borrowers, gross loan portfolio of PKR 6.24 billion, 7,40,396 active savers with value of savings at PKR 5.4 billion
The First Micro Finance Bank was set up by Aga Khan Rural Support Program and the Aga Khan Fund for Economic Development in March 2002. After its establishment, it has grown into a very viable micro finance institutes in the country. It considers microloans as a means to spur development as these loans are quite small relative to normal western financial arrangements, but provide access to capital that was never possible due to economic, cultural, or historical reasons.
As of June 2012, it has 1,61,341 active borrowers, gross loan portfolio of PKR 3.4 billion, 2,42,814 active savers with value of savings at PKR 6.3 billion
Microfinance Institutions
Microfinance Institution providing specialized microfinance services
Akhuwat was established in 2001 and registered in 2003 under the Societies Registration Act of 1860. It provides the poor with interest-free loans so that they may acquire a livelihood and the skills and support they need to reach their full potential. Akhuwat predominantly raises its funds from civil society and does not depend on international funding; instead it uses the spirit of volunteerism and the tradition of giving to fund its operations
As of June 2012, it has 63,085 active borrowers and gross loan portfolio of PKR 753.08 million
Asasah was formed in 2003 as a Non-Profit Organization (NGO) with the objective of being a Microfinance Institution (MFI), by a group of individuals with the vision of replicating the Grameen Bank approach as its operating model. It started distributing credit in January 2003, with the objective of improving the quality of life of financially poor and socially deprived people inter-alia providing technical assistance, training and learning opportunities to women and children, shortly after registering itself as a company limited by Guarantee under section 42 of the Companies Ordinance, 1984.
As of June 2012, it has 13,662 active borrowers, gross loan portfolio of PKR 133.4 million, 12,215 active savers with value of savings at PKR 3.3 million
Community Support Concern, a non-governmental organization was formed in 1989 and is registered with the Government of Pakistan under Societies Registration Act 1860. It has been working for the social and economic uplift of the communities, specifically rural and semi urban by adopting participatory approaches right from planning to implementation, involving communities at every level.
As of June 2012, it has 13,882 active borrowers and gross loan portfolio of 208.5 million
DAMEN (Development Action for Mobilization & Emancipation) is a non-profit, non-governmental organization established in May 1992 under Societies Registration Act XXI of 1860 with Joint Stock Companies, Lahore, Punjab. DAMEN is working for alternative development at grass-root level in Pakistan. It is an alliance of social scientists, philanthropists and professionals from various fields having significant experience of working with NGOs in and outside Pakistan.
As of June 2012, it has 33,629 active borrowers, gross loan portfolio of PKR 566.8 million
Kashf Foundation began in 1996 as an action research program focusing, for the first two years, on determining and understanding key factors having an impact on the demand for microfinance services by poor women. Since its inception, it has evolved into a specialized microfinance institution with several achievements to its credits. Its mission is to alleviate poverty by providing quality and cost effective microfinance services to low income households, especially women, in order to enhance their economic role and decision-making capacity.
As of June 2012, it has 2,86,443 active borrowers and gross loan portfolio of PKR 2.9 billion
OCT was established in 1987 and registered with the District Registrar of Karachi, Sindh. OCT is a concern of Orangi Pilot Project started by the renowned social scientist, Dr Akhtar Hameed Khan in 1980. OCTs objective is to make credit accessible to existing microenterprise units in Orangi and outside Orangi. Orangi Charitable Trust is the major provider of microcredit to the communities residing in Orangi, Karachi
As of June 2012, it has 40,462 active borrowers and gross loan portfolio of PKR 474.08 million
Sindh Agricultural and Forestry Workers Coordinating Organization (SAFWCO), started its developmental journey from a small initiative, launched in 1986 by a group of social activists, concerned about depleting sources of livelihood and employment, increasing poverty and social deprivation in rural Sindh. SAFWCO started its activities with an objective to facilitate people's participation in development on self-help basis and facilitating to build institutional infrastructure in their villages to achieve the goal of sustainable development.
As of June 2012, it has 34,543 active borrowers and gross loan portfolio of PKR 344.9 million
Wasil Foundation, formerly known as CWCD, is a company registered under section 42 of Companies ordinance 1984. CWCD came into existence as a Non-Governmental Organization in 1992. Ever since its inception, CWCD is devoted towards the achievement of its objective – poverty alleviation through enterprise development. In 2009, Wasil Foundation extended its operations from Conventional Microfinance to Islamic Microfinance and eventually discontinued conventional microfinance in 2010, thus becoming a purely Islamic Microfinance organization.
As of June 2012, it has 7,433 active borrowers and gross loan portfolio of PKR 112.05 million.
Rural Support Programme
Rural support programme running microfinance operation as part of multi-dimensional rural development programme
Established in 1991, NRSP is the largest Rural Support Program in the country in terms of outreach, staff and development activities. It is a not for profit organization registered under Section 42 of Companies Ordinance 1984. NRSP's mandate is to alleviate poverty by harnessing people's potential and undertake development activities in Pakistan. It has a presence in all the four provinces.
As of June 2012, it has 3,33,511 active borrowers, gross loan portfolio of PKR 4.2 billion, 2.009 million active savers with value of savings at PKR 1.3 billion
The Punjab Rural Support Program (PRSP) was incorporated, in November 1997, as a company under section 42 of the Companies Ordinance, 1984. It is currently operating in 28 districts of the Punjab and through other interventions in partnership with government and donors. It aims to alleviate poverty and enhance income, empowerment of women and general improvement in the quality of life of the poor in the rural areas of Punjab
As of June 2012, it has 73,944 active borrowers, gross loan portfolio of PKR 896.9 million, 1,71,796 active savers with value of savings at 99.2 million
Sarhad Rural Support Program (SRSP) was established in 1989 and is registered under Company's Law, working in Khyber Pakhtunkhwa and parts of FATA. At the heart of the SRSP approach is the belief that marginalized communities and disadvantaged people have within them the capacity for self-help. In recent years because of its vast outreach in the communities, SRSP has had to play a prominent role in disasters that have hit Khyber Pakhtunkhwa and as a result humanitarian work along with development has become a core competency of the organization.
As of June 2012, it has 3,121 active borrowers, gross loan portfolio of PKR 22.9 million, 3,494 active savers with value of savings at PKR 2.05 million
Established in 2003, the Sindh Rural Support Organization (SRSO) is the major Rural Support Program in northern Sindh. It is a non-profit organization registered under Section 42 of the Companies Ordinance 1984. SRSO is present in 9 districts of Sindh which include some of the remote and impoverished areas. The mandate of SRSO is to alleviate poverty by harnessing the people’s potential and to undertake development activities in Sindh.
As of June 2012, it has 63,340 active borrowers, gross loan portfolio of 985.01 million, 40,304 active savers with value of savings at 6.04 million
Thardeep Rural Development Program (TRDP) is a non-profit organization, registered under the Societies Registration Act XXI of 1860, working in the rural areas of Tharparkar, Mirpurkhas, Dadu and Khairpur districts of Sindh, Pakistan. Its origins can be traced in Tharparkar Rural Development Program (TRDP) initiated for emergency relief work during 1987, after drought hit Thar, for the most affected families. The program is aimed at facilitating the rural communities in a way that they can be empowered to secure their rights with command over resources and capabilities to manage the process of sustainable development.
As of June 2012, it has 55404 active borrowers, gross loan portfolio of 547423177, 392972 active savers with value of savings at 224921205 [all figures are in PKR]
Others
All institutions that do not fall with in the above three categories
BRAC is a global development organization dedicated to alleviating poverty by empowering the poor to bring about change in their own lives. BRAC’s holistic approach aims to achieve large-scale positive changes through economic and social programs. BRAC began operating in Pakistan in April 2007, and registered with the Securities and Exchange Commission of Pakistan as a company limited in February 2008. Currently, it is operating in all the provinces of Pakistan
As of June 2012, it has 96,567 active borrowers and gross loan portfolio of PKR 923.4 million
Farmer's Friend Organization is a development non-governmental organization that was established in May 2003. The primary purpose and the basic cross-cutting theme of the organization is "community development" through an integrated approach. It envisages well organized and progressive communities making effective use of the potential and resources for attaining sustainable social, economic and political development
GBTI was established in 1995 for the rehabilitation of people affected by the Ghazi Barotha Hydro-power Project (GBHP). It is registered under the Companies Ordinance, 1984. It aims for rehabilitation and development of villages and communities which were directly or indirectly affected by the Ghazi Barotha Hydropower Project (GBHP) targeting the affected villages in Attock (Punjab) Swabi and Haripur (Khyber Pakhtunkhwa).
As of June 2012, it has 5,012 active borrowers, gross loan portfolio of 43.9 million, 48,170 active savers with value of savings at PKR 7.7 million
Jinnah Welfare Society is a non-profit social development organization serving urban and rural areas of the district Gujranwala. JWS was established in 1990 with the mandate to eradicate poverty from deprived communities. The organization is registered with the Directorate of Social Welfare, Government of the Punjab, under Voluntary Social Welfare Agencies (Registration & Control Ordinance) XLVI-1961
As of June 2012, it has 20,178 active borrowers and gross loan portfolio of 305.1 million
ORIX Leasing Pakistan Limited (“OLP”) was established in July 1986 as a joint venture between ORIX Corporation, Japan and local investors. OLP commenced commercial operations in January 1987 and is listed on all three stock exchanges in Pakistan. It is headquartered in Karachi and has 27 branches situated in 25 cities. OLP offers cost effective value-added financial products and customized services to a wide array of customers throughout the country
As of June 2012, it has 16,231 active borrowers and gross loan portfolio of PKR 199.7 million
RCDS is an NGO founded in 1995 and registered under the Societies Registration Act 1860 in 1998. The organization is working in Nankana Sahib, Sheikhupura, Kasur and Fasialbabad districts and also in Southern Punjab districts of Multan, Layyah and Bakkhar. It is a community development entity that implements different programs at grassroots level aimed at attaining sustainable development.
As of June 2012, it has 24,104 active borrowers and gross loan portfolio of PKR 336.2 million
The Sungi Development Foundation was established in 1989 and registered in May 1990 under the Societies Act, 1860 as a non-profit, non-government, public-interest organization (PIO). Its mission is to bring about policy and institutional changes by mobilizing deprived and marginalized communities to create an environment in which they can transform their lives through the equitable and sustainable use of resources
As of June 2012, it has 8,666 active borrowers, gross loan portfolio of PKR 64.5 million, 84,782 active savers with value of savings at PKR 19.5 million
The Punjab Provincial Cooperative Bank Ltd. was established in 1924 as an Apex Bank to meet funding requirements of cooperative societies. It is engaged in all types of banking & credit business with societies and individuals. The PPCBL gained the status of Scheduled Bank in 1955. PPCBL was organized and being managed on the principal of voluntary and open membership, democratic member control, member economic participation, autonomy, independence, self-help and mutual cooperation. It envisages to be a well structured and efficient cooperative financial institution for helping its members and individuals to unite volutarily for building up their resources and meeting their common socioeconomic needs through democratically controlled enterprise.