Micro-finance facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.
Vulnerable rural and urban poor with a poverty score of up to 40
The focus of the program would be in the category of the poor scoring between 18.5 and 40. Even though double dipping will not be allowed to those who are recipients of loans under BISP, since not all those scoring up to 18.5 are BISP recipients (BISP micro-scheme or actual BISP) or taking loans under BISP umbrella, they will be eligible provided they meet other requirements of this scheme.
For further details visit http://www.ppaf.org.pk/ .
50% of loans will go to women borrowers.
All over Pakistan, preferably limited and un-served areas.
The focus will be on districts with no or low microfinance network facilities. Districts in which microfinance beneficiaries are 12 percent or below as per the Micro Finance Network (MFN) data, will be given first priority
It will not carry any mark-up.
Up to 3 years
250,000 loans of Rs.25,000 average (upto RS 50,000)
Total Budget 3.5 billion
Total amount released 3.5 billion
|Number of Application Received||182, 662|
|Number of Applications Approved||170, 190|
|Number of Loans Disbursed||161, 840|
|Amount disbursed to Borrowers
(Rs. In million)
|Amount Disbursed to 26 POs by PPAF till date (Rs. In Million)||3,245|
|Average loan size||21,199|
|Rate of Recovery||(100%)|
|Recoveries Received(Rs. In Million)||1,634|
|No of Partner Organizations (POs)||26|
|Number of branches/loan centers established||233|
|No. of Districts Covered||44|
|No of Union Councils (UCs)Covered||287|
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