Role of microfinance banks in poverty reduction and economic growth
This page is also available inArticle Author: Role of microfinance banks in poverty reduction and economic growth
Media Source: Pakistan and Gulf Economist (Pakistan)
Date: 12 May 2019
The First Micro Finance Bank Limited, Pakistan (FMFB-P) was established in 2002 as a nation-wide microfinance bank. FMFB-P was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme’s (AKRSP), an integrated development programme to pioneer the microfinance sector
The First Micro Finance Bank Limited, Pakistan (FMFB-P) was established in 2002 as a nation-wide microfinance bank. FMFB-P was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme’s (AKRSP), an integrated development programme to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral. FMFB-P was established with the mission to respond to poverty and contributes to the social and economic well-being of society by providing opportunities to thousands of under-privileged households.