Is more funding the answer to Pakistan’s struggling microfinance sector?
Friday, February 26, 2016
There is a growing desire within Pakistan to expand its microfinance sector and innovate. Since the 1990s, however, the country’s attempts to blend commercial and development models (pdf) to tackle poverty, the gender gap and unemployment have struggled against a backdrop of financial and political instability.
From July this year the newly established Pakistan Microfinance Investment Company (PMIC) aims to prove the microfinance sceptics wrong and begin to tackle some of the country’s entrenched social problems.