Gross Loan Portfolio Increases 39.3% in Pakistan’s Microfinance Sector
Thursday, March 3, 2016
The gross loan portfolio of the microfinance sector increased 39.3% year on year (YoY) to reach Rs93 billion at the end of 2015.
According to the latest microfinance statistics, released by the Pakistan Microfinance Network (PMN), the value of savings posted an annual growth of 48.7% in 2015. The number of active savers grew 63.8% over the same period.
On a quarter-on-quarter basis, the gross loan portfolio of the sector increased 9.5% in Oct-Dec, PMN data shows.
The microfinance sector is divided in peer groups – such as microfinance banks (10), microfinance institutions (16), rural support programmes (6) and ‘others’ (16) – based on their regulatory structure and nature of business.
Source: The Express Tribune (link opens in a new window)
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