Friday
February 26
2016

Is more funding the answer to Pakistan’s struggling microfinance sector?

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.

Source: The Guardian (link opens in a new window)

Categories
Uncategorized
Tags
financial inclusion, financial products, financial services, investment, microcredit, microfinance