PMIC launches ‘Institution Development Fund’ for financial services

Observer Report

Pakistan Microfinance Investment Company Limited (PMIC), the country’s foremost organization serving as a vital pillar to the National Financial Inclusion Strategy, recently set up and launched its “Institution Development Fund’’ to provide support to the companies that would not normally meet PMIC’s financing requirements.

PMIC has always encouraged greater ingenuity, innovation, and correlation to the communities that it serves.

Designed with an inclusive approach in mind, the Institution Development Fund encourages lending for new organizations that work on women’s financial inclusion, provision of financial services in KPK and Balochistan, and even for startups that deploy digital financial services and have developed mechanisms and technologies to reduce cost of delivery of financial services.

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