Pakistan Poverty Alleviation Fund Disburses PKR 9.2 Billion Microfinance Loans

24 Aug 2017

The Pakistan Poverty Alleviation Fund (PPAF) disbursed PKR 9.2 billion microfinance loans during a period from July-March (2016-17) through its partner organizations. 

PPAF extended 246,142 new microcredit loans to the borrowers including 60 per cent to women, official sources said adding that under the Prime Minister Interest Free Loans (PMIFL) scheme, PPAF administered 93,427 interest free loans, and 62 per cent women were facilitated in this scheme.

PPAF adopts a poverty graduation approach for the poorest households in over 1,600 union councils out of 6000 in the country and assists ultra or very poor household to lift them out of poverty on a sustainable basis. 

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South Asia