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Microfinance borrowers reach all-time high at 4 million

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The first quarter of 2016 has recorded an upward trend in microcredit outreach with active borrowers reaching an all-time high of 4 million while the gross loan portfolio of the sector crossed Rs100 billion, said the Pakistan Microfinance Network quarterly report.

According to the report, in the Jan-Mar quarter, the National Rural Support Programme microfinance bank was the largest contributor. It added 59,210 new borrowers and increased its loan portfolio to Rs2.1 billion, becoming the fourth largest provider of microcredit in the sector.

For more on this story visit the following link: Microfinance borrowers reach all-time high at 4 million

Source: Express Tribune

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