Value 1,831,532 49, Microcredit

Transcription

1 A QUARTERLY UPDATE ON MICROFINANCE OUTREACH IN PAKISTAN ISSUE 13: QUARTERR 3 (JULSEP 29) This quarter saw a continued increase in microcredit growth in terms of active Microcredit Micro MicroInsurance borrowers, growing by 3%, compared with Value Value 2% in the previous quarter. GLP growth (PKR (PKR (PKR however, dropped a little from 6% Borrow ers Millions) Millions) Millions) (previous quarter) to 5% (this quarter). 29Q2 Khushhali Bank emerged as the biggest 1,782,239 2,319 1,876,82 6,893 2,241, ,414 contributor to net increase in number of active borrowers, while NRSP remained the market leader in terms of both active borrowers and GLP, though its shares continue to decrease. also has the 29Q3 Increase (Net) Increase (%) 1,831,532 49, ,396 1,77 5 2,142, , , ,452, ,45 9 3, largest geographic footprint in the sector with a presence in 93 districts, up from 87 districts in the previous quarter. In terms of peer groups, market share in terms of both active borrowers Borrowers by Peer Group 2,5 and GLP continued to increase for microfinance banks (MFBs), going up by 2% (to 4 and 44% respectively). The corresponding decreasess came from both rural support programs (RSPs) and microfinance institutions 5% 5% 5% 5% 1,5 Others (MFIs). 34% 33% 31% 3% Growth in active borrowers continued to increasee in the Jafarabad and Nasirabad districts of Balochistan (97 and 134.5% respectively), bringing penetration rates up to 34%. All of this growth came from. Punjab added the most borrowers, with Sheikhupura district adding 18,+ active borrowers, with a growth rate of 6.7%. Sindh and NWFP also showed positive growth in active borrower additions. However, AJK, FANA, FATA and Islamabad all showed decreases in numbers of active borrowers. No significant change was seen in other microcredit indicators: group lending continued to dominate individual, rural borrowers dominated urban, female borrowers dominated males slightly (51% female active borrowers), while males continued to hold a larger chunk by GLP (58%). In terms of savings, number of savers decreased by.5%, although value of savings went up by 3% much less compared to 17% from the previous quarter. NRSP added the most savers (37,+), while and TMFB added the most value (PKR 129 million and 127 million respectively). KMFB followed, with increase of almost PKR 59 million in value of savings. NRSP continued to be the market leader in terms of active savers (53.9%). Bahawalpur added the most savers with a 58.2% increase. In other microsavings indicators, urban borrowers continued to increase, MFBs continued to hold the largest value of savings among peer groups, malefemale ratio continued to favor male savers, and value of savings held by males was also disproportionately larger 63% of males are active savers and hold 85% of the value of savings. After three consecutive quarters of showing decline, microinsurance finally showed an increase in both policy holders (up by 17.6%) and sum insured (up by 2.9%). NRSP regained market leader position in terms of number of policy holders from Kashf. By type, share of health insurance increased to 37% (from 32%) primarily due to predominance of NRSP and Kashf, both of which offer health insurance. Borrowers ('s) ('s) ('s) 5 by Peer Group 2,5 1,5 5 by Peer Group 2,5 1,5 5 27% 34% 28Q4 4% 82% 13% 1% 28Q4 3% 38% 33% 26% 28Q4 26% 36% 29Q1 4% 81% 14% 1% 4% 35% 33% 28% 26% 25% 38% 4% 4% 4% 79% 76% 1% 1% 16% 19% 29Q1 4% 35% 3% 4% 33% 28% 28% 29% 29Q1 RSP MFI MFB Others RSP MFI MFB Others RSP MFI MFB is a publication of the Pakistan Microfinance Network (PMN). It was made possible by the generous support from the Department for International Development (UK) and the Citi Foundation. This is also the result of the efforts of organizations that contributed their data (for citations, see back cover).

2 2 * Geographical boundaries for new districts demarcated in 246 have not been made available by Survey of Pakistan. The following districts are therefore, not shown on the map: Sehwan Sharif, Jamshoro (Dadu); Matyari, Tando Allahyar, Tando Muhammad Khan (Hyderabad); Shedadkot (Larkana); Mingora (Swat); Sherani (Zhob)

3 MARKET HIGHLIGHTS (JUL 1 SEP 3, 29) MICROCREDIT A. Top 5 s: Increase in Borrowers (Net) B. Top 5 s: Increase in Borrowers (%) ASA SDF TMFB BRAC ASA TMFB BRAC RCDS Increase ( s) Increase (%) C. Largest Providers of Microcredit ( Borrowers) Borrowers (3 Sep) Market Share (% of Borrowers) 1 NRSP 428, , KASHF 288, , PRSP 78, D. Largest Providers of Microcredit ( ) GLP (3 Sep) Market Share (% of GLP) 1 NRSP 5,27,245, ,152,891, ,21,84, KASHF 2,878,26, TMFB 1,349,174, E. s with Largest Geographic Spread NRSP KASHF PRSP Geographic Spread (No. of s) F. s with Highest Growth (Net) Province Borrowers (3 Sep) Grow th (1 Jul to 3 Sep) Potential Microfinance Market (27) Penetration Rate (%) A Net % B (A/B)*1 1 Jafarabad 3,773 1, , Balochistan Nasirabad 3,27 1, , Quetta 5, , Sw abi 7, , N.W.F.P D.I. Khan 5, , Chitral 8, , Sheikhupura 48,23 18, , Punjab Bahaw alpur 86,793 9, , Bhaw alnagar 42,21 6, , Larkana 21,225 4, , Sindh Naw abshah 18,49 3, , Jacobabad 13,928 2, , Poonch 3, AJK Bagh 3, Sudhnati 71 (72) Ghanche 3, FANA Astore 1,758 (146) Ghizer 5,158 (29) Mohmand 298 (4) FATA Khyber 945 (4).4 3 Kurram 783 (2) ICT Islamabad 2,442 (351) ,

4 MARKET HIGHLIGHTS (JUL 1 SEP 3, 29) MICROSAVINGS A. Top 5 s: Increase in (Net) B. Top 5 s: Increase in Value (Net) NRSP KMFB TMFB TMFB KMFB TRDP TRDP Increase ( s) Value (PKR Millions) C. Largest Providers of Micro ( ) D. s with Highest Outreach ( ) (3 Sep) Market Share (% of ) (3 Sep) Increase (1 Jul to 3 Sep) 1 NRSP 1,152, TRDP 269, PRSP 24, , TMFB 113, Net % 1 Bahaw alpur 162,554 59, Tharparkar 154,8 4, Bhaw alnagar 89,669 4, Raw alpindi 82,59 3, Karachi 81,527 4, MICROINSURANCE A. Largest Providers of MicroInsurance ( ) B. s with Highest Outreach ( ) (3 Sep) Market Share (% of ) 1 NRSP 799, KASHF 576, , , TRDP 112, (3 Sep) Increase (1 Jul to 3 Sep) Net % 1 Lahore 228,427 8, Bahaw alpur 164,691 45, Faisalabad 96,17 5, Multan 9,97 17, Gujranw ala 9,182 6,

5 SUMMARY OF MICROCREDIT PROVISION (All Pakistan) Exchange Rate (Sep 29): PKR/USD = 83.3/1 Lending Methodology Peer Group Total Group Individual MFB MFI RSP Others Number of Branches/Units 29Q2 1, Q3 1, Borrowers 29Q2 1,782,239 1,623, , ,53 455,768 55,384 92,584 29Q3 1,831,532 1,625,37 26, ,26 458, ,116 1,623 (PKR Millions) 29Q2 2,319 17,471 2,847 8,622 4,287 6,14 1,397 29Q3 21,396 18,623 2,773 9,326 4,367 6,13 1,6 Average Loan Balance 29Q2 11,41 1,762 17,934 12,614 9,46 1,926 15,84 29Q3 11,682 11,458 13,448 12,789 9,523 11,237 15,9 Number of Loans Disbursed 29Q2 518, ,88 42, ,55 52,76 29,241 23,519 29Q3 322,98 282,323 39, ,336 51,342 17,514 23,96 Disbursements (PKR Millions) 29Q2 8,132 7, , , Q3 5,3 3,999 1,4 2, , Average Loan Size 29Q2 15,688 15,9 22,43 15,58 13,937 16,213 16,676 29Q3 15,532 14,165 25,239 16,634 15,341 14,98 15,973 25, by Methodology 25, Value (PKR Millions) 2, 15, 1, 5, 7% 7% 3% 29% 21% 2% 42% 44% Others RSP MFI MFB Value (PKR Millions) 2, 15, 1, 5, 14% 13% 86% 87% Individual Group Borrowers by Gender Borrowers by Rural/Urban Borrowers ('s) 1,8 1,6 1,4 1, % 51% 48% 49% Female Male Borrowers (s) 1,8 1,6 1,4 1, % 56% 44% 44% Rural Urban 5

6 SUMMARY OF MICROCREDIT PROVISION (All Pakistan) Borrowers by Lending Methodology Distribution of Staff Borrowers ('s) 1,8 1,6 1,4 1, % 11% 91% 89% Individual Group Number of Staff 1 1, 8, 6, 4, 8% 1% 3% 32% 23% 21% 39% 37% Others RSP MFI MFB by Gender Borrowers by Sector Value (PKR Millions) 25, 2, 15, 1, 5, 43% 42% 57% 58% Female Male Borrowers ('s) 1,8 1,6 1,4 1, % 7% 1% % 5% 7% 9% 9% 34% 35% 16% 15% 27% 29% Other Housing Manufacturing/Prod uction Serv ic es Trade Livestock/ Poultry Agric ulture SUMMARY OF MICROSAVINGS PROVISION (All Pakistan) Saving Methodology Peer Group Total Intermediation Mobilization MFB MFI RSP Others Number of 29Q2 2,153, ,433 1,812,15 341,433 3,77 1,74,865 77,163 29Q3 2,142, ,689 1,745, ,689 3,514 1,626,687 88,293 Saving (PKR Millions) 29Q2 6,893 5,569 1,324 5, , Q3 7,93 5,88 1,285 5,88 5 1, Average Saving Balance 29Q2 3,21 16, , Q3 3,311 14, , Saving Methodology: 1. Intermediation: Public deposits used to finance an organization s loan portfolio. Only SBPregulated s (CFIs and MFBs) can accept and intermediate deposits from the general public. 2. Mobilization: s not regulated by SBP (MFIs, NGOs, RSPs) can neither hold nor intermediate deposits from the general public. These organizations do however mobilize savings from their members/clients to place with licensed commercial banks. 6

7 SUMMARY OF MICROSAVINGS PROVISION (All Pakistan) by Peer Group by Gender Value (PKR Millions) 8, 7, 6, 5, 4, 3, % % 19% 18% % % 81% 82% Others RSP MFI MFB ('s) 2,5 1,5 5 33% 37% 67% 63% Female Male by Saving Methodology by Urban/Rural 8, 2,5 Value (PKR Millions) 7, 6, 5, 4, 3, 19% 18% 81% 82% Mobilization Intermediation ('s) 1,5 5 1% 12% 9% 88% Urban Rural by Gender Value (PKR Millions) 7,2 7, 6,8 6,6 6,4 6,2 6, 5,8 5,6 5,4 15% 13% 87% 85% Female Male 7

8 SUMMARY OF MICROINSURANCE PROVISION (All Pakistan) Type Peer Group Total Health Life MFB MFI RSP Others Number of 29Q2 2,85, ,827 1,412, , ,86 672,827 77,566 29Q3 2,452, ,223 1,54, , , ,11 82,73 (PKR Millions) 29Q2 29,414 7,985 3,518 17, Q3 3,256 8,74 3,55 17, by Type by Gender 63% % % % 37% Health Agriculture/Livestock Life Property Other Holder ('s) 2,6 2,4 2,2 1,8 1,6 1,4 1, % 59% 43% 41% Female Male by Urban/Rural by Peer Group Holder ('s) 2,6 2,4 2,2 1,8 1,6 1,4 1, % 6% 4% 34% Rural Urban (PKR Millions) 35, 3, 25, 2, 15, 1, 5, 3% 1% 56% 58% 12% 12% 27% 29% Others RSP MFI MFB by Gender (PKR Millions) 35, 3, 25, 2, 15, 1, 5, 49% 48% 51% 52% Female Male 8

9 OUTREACH ( Level) BALOCHISTAN Number of Branches/Units Borrowers Potential Microfinance Market Aw aran Barkhan Bolan Chagai 2 26, ,977, ,977,242 31,881 66,423 54,814 Dera Bugti Gw adar Jafarabad Jhal Magsi Kalat Kech (Turbat) Kharan Khuzdar Kohlu Lasbela Loralai Mastung 43,77,, NRSP, POMFB 5 1,762 11,389,687 9,665 2,34,981 1,982 23,26,43 55, ,773 48,213,63 3,773 48,213,63 121,911 29,887 53,884 NRSP 1 3,323 6,586,821 92,271 47,948 14,14 26,91 BRAC, 5 1,766 1,314,431 1,766 1,314,431 84,637 76,879 41,317 Musakhel Nasirabad Nushki 3 27, ,27 34,986,976 3,27 34,986,976 75,783 Panjgur Pishin Qila Abdullah Qila Saifullah Quetta Sherani 4 Sibi 51,74 BRAC 1 1, ,112 44,345 BRAC,, 16 5,63 34,735,36 2,93 12,526,142 5,63 34,735,36 174, ,897 12,488,763 1,897 12,488,763 48,944 Washuk Zhob ,932, ,932,132 53,848 Ziarat 7,268 Total 33 19, ,37,654 42,891 21,417,944 19, ,674,397 1,656,762 9

10 OUTREACH ( Level) NWFP Sw at 7 Tank Abbottabad Bannu Batgram Buner (Daggar) Charsadda Chitral D.I. Khan Hangu Haripur Karak Kohat Kohistan Lakki Marw at Low er Dir Malakand Mansehra Mardan Mingora 6 Now shera Peshaw ar Shangla Sw abi Number of Branches/Units Borrow ers Potential Microfinance Market, SDF, SRSP 3 6,33 26,55,7 1,58 3,367,298 5,58 26,88,377 18, , , ,38 SDF , , 58, ,171 BRAC, 3 4,525 29,81,515 5,154 17,77,31 271, ,79 173,475,345 18, ,67,167 8,79 173,475,345 84, ,433 64,54, ,289 5,433 64,54,14 221,328 64,648, SDF, SRSP 3 4,473 3,927,463 26,49 5,959,33 4,45 32,68,643 13,83 1 2,69 16,228,36 2,69 16,228,36 12,174, SRSP 2 3,886 19,99,146 3,591 18,679, , ,374 17,55 176,66, NRSP 1 2,623 26,554,868 2,445 23,237,718 16,429, POMFB, SDF 3 4,214 17,853,515 23,597 14,91,813 3,211 14,792, ,288, NRSP 25 22, ,797,395 27,479 5,351,574 46,634 93,99,45 354, ,535 12,459,73 1,535 12,459,73 BRAC,, NRSP, SRSP 15 11,812 76,696,534 11,648 52,282,84 21,28 BRAC,, NRSP, SRSP 1 11,964 61,985,152 2,89 2,23,4 14, ,174,42 451, , , ,366, NRSP, SWWS 7 2 7,295 74,299,611 13,779 4,347,42 8, ,13,118 23,73 286,555 62,446 Upper Dir 142,427 Total , ,798, ,99 365,812, ,337 1,641,957,762 4,83,817 1

11 OUTREACH ( Level) PUNJAB Number of Branches/Units Borrow ers Potential Microfinance Market Attock Bahaw alpur Bhakkar Bhaw alnagar Chakw al D.G. Khan Faisalabad KASHF,, NRSP, POMFB 37 14, ,481,355 53,4 99,38,911 27, ,337, ,87, KASHF,, NRSP, OPP, TMFB 35 86,793 1,249,123,22 162,554 16,798,24 164,691 3,77,91, ,777, NRSP, POMFB 32 11,752 11,31,775 44,65 74,922,794 22, ,831, ,565,, NRSP 15 29,55 421,538,923 55,114 94,116,112 41, ,19, ,252 AKHUWAT, ASASAH,, KASHF,, KMFB, NRSP, PRSP, RCDS, TMFB 82 97, ,19,67 35,24 46,987,354 96,17 568,975,63 1,96,924, NRSP, NRSP ,83 42,21 178,92,66 637,6,864 63,51 89,4 29,959,466 64,849,29 33,194 83, ,725,62 1,642,198, , ,843 ASASAH,, JWS, KASHF,, KMFB, NRSP, OPD, OPP, PRSP, TMFB Gujranw ala ,813 91,425,99 2,161 52,295,42 9, ,64,24 735,741 Gujrat Hafizabad Jhang Jhelum Kasur Khanew al Khushab Lahore Leyyah Lodhran AKHUWAT, BRAC, KASHF,, KMFB, NRSP, PRSP, TMFB 18 16, ,938,547 1,93 32,253,744 22, ,965, ,63 KASHF,, PRSP 6 1,6 96,4,325 2,27 2,377,19 15,553 96,4, ,17 AKHUWAT,, KASHF,, KMFB, NRSP, PRSP 31 26, ,33,25 9,248 29,86,712 39, ,954,58 626,546 ASASAH, CSC, DAMEN,, KASHF,, KMFB, OLP, PRSP, RCDS, TMFB 3 57,648 6,97,11 12,43 27,47,67 71, ,175, ,427 AKHUWAT, ASASAH, KASHF,, NRSP, PRSP 15 28, ,856,758 24,992 29,79,21 46, ,92, ,948 KASHF,, NRSP, OPP 26 17, ,687,88 61,883 5,515,544 36, ,495, ,163 AKHUWAT, ASASAH, BRAC, CSC, CWCD, DAMEN,, KASHF,, KMFB, NRSP, OLP, OPP, PRSP, TMFB ,868 2,49,77,266 47, ,95,38 228,427 1,522,945, ,76,, PRSP 6 16, ,242,472 26,34 31,95,127 16, ,242, ,251 AKHUWAT,, KASHF,, NRSP 12 3, ,381,711 45,52 72,14,263 57,764 1,16,289, ,693, NRSP 24 11, ,82,82 18,145 17,544,66 23, ,676,379 17,498 Mandi KASHF,, PRSP Bahauddin 6 8,534 79,735,251 2, ,698 11,297 79,735, ,371 Mianw ali Multan Muzaffargarh AKHUWAT, ASASAH, BRAC,, KASHF,, KMFB, NRSP, PRSP, TMFB 65 77, ,298,914 41,65 212,42,378 9,97 1,36,636, ,339, NRSP, PRSP ,365 7,71 138,566,445 94,762,413 32,286 13,288 4,859,21 1,868,42 34,83 7,71 691,25,563 94,762, ,413 57,58 Nankana CWCD, DAMEN, RCDS Sahib 9 9 8,74 427,585,52 7,859 4,891,9 28 2,2,925 Narow al Okara Pakpattan Rahimyar Khan, NRDP, PRSP 9 9,643 18,49,21 19,886 1,659,932 8,452 98,49,21 268,92 ASASAH, DAMEN,, KASHF,, OLP, PRSP, TMFB 13 28, ,697,91 26,498 24,726,658 33, ,782,91 59,842 ASASAH,, KASHF,, NRSP, PRSP 9 19, ,913,134 27,934 39,51,779 3, ,515, ,988, KASHF,, NRSP, TMFB 31 44, 614,34,589 29,979 18,342,143 68,463 1,15,131,69 585,75 11

12 OUTREACH ( Level) PUNJAB Dis trict Num be r of Branches/Units Borrow e rs Holde rs Potential Microfinance Market Rajanpur, NRSP, OPP 12 26, ,527,23 42,147 43,548,154 43,89 8,848,634 26,436 AKHUWAT, BRAC,, KASHF,, KMFB, NRSP, OPP, POMFB Raw alpindi ,58 372,463,154 82,59 92,128, 41,27 48,553, ,457 Sahiw al Sargodha Sheikhupura Sialkot Toba Tek Singh Vihari ASASAH, BRAC,, KASHF,, KMFB, NRSP, PRSP 24 39,28 42,68,389 38,223 43,828,879 66, ,22, ,468 KASHF,, KMFB, NRSP, PRSP, TMFB 26 25,66 229,643,24 12,825 11,898,224 33,73 174,778,22 671,679 CWCD, DAMEN, KASHF,, NRSP, OLP, PRSP, RCDS 51 48,23 577,988,124 8,334 5,165,345 56,52 717,68, ,522 KASHF,, KMFB, PRSP 9 19, ,2,44 23,683 8,22,593 24, ,786,93 51,997 KASHF,, NRSP, PRSP 9 22, ,652,696 14,227 7,618,599 39, ,94,136 39,316 ASASAH,, KASHF,, NRSP 15 3, ,343,274 33,928 54,72,741 5, ,427, ,398 Total 982 1,261,188 14,734,449,342 1,24,667 1,746,917,39 1,759,46 22,339,428,94 15,233,924 SINDH Badin Dadu 11 Ghotki Hyderabad 12 Jacobabad Jamshoro 13 Karachi 14 Khairpur 15 Larkana Matyari 16 Mirpur Khas 17 Naushahro Feroze Naw abshah Sanghar Number of Branches/Units Borrow ers Potential Microfinance Market ASA,,, NRSP, POMFB 11 11, ,56,744 48,864 51,382,974 13, ,183,45 294,781,, OLP, TRDP 2 16, ,42,783 4,329 48,74,67 24,582 92,981, ,35,, OPP 4 15,15 215,8,494 8,834 17,341,269 14,367 21,177, ,442 ASA, BRAC,,, NRSP, OPP, POMFB, TMFB 34 34, ,553,414 23, ,223,657 47, ,3, ,652, 4 13, ,938,187 3,763 55,573,424 13, ,938, ,146 TRDP ,893,254 14,153 8,227,11 2,68 611,4 ASA, BRAC,, KASHF,, NMFB, NRSP, OLP, OPP, POMFB, TMFB ,9 1,63,672,18 81,527 2,69,465,978 85, ,854,34 1,329,99,, KMFB, OPP, TRDP 12 24,13 373,716,734 29,918 91,88,511 43,4 285,445,11 41,853, 6 21, ,978,371 7,374 42,391,675 21, ,978, ,891 ASA,, NRSP, OPP, SAFWCO ,62 235,464,653 7,194 14,375,479 23, ,994,8 ASA,,, NRSP, OLP, POMFB, TMFB, TRDP 16 17, ,386,676 43,927 43,512,118 2,292 35,582,29 21,494,, NRSP, OPP 7 17, ,521,868 2,66 13,561,962 15, ,55, ,462,, OPP, SAFWCO, TMFB ,49 244,895,455 4,5 31,776,256 16,4 192,522,44 225,43 ASA,,, OLP, OPP, SAFWCO , ,115, ,797,42 2,426 94,776, ,133 12

13 OUTREACH ( Level) SINDH Sehw an Sharif Shehdad Kot Shikarpur Sukkur Tando Allahyar 18 Tando Jam Tando Muhammad Tharparkar Thatta Number of Branches/Units Borrowers Holde rs Potential Microfinance Market 1 2,25 15,896,14 2,25 15,896,14 1 3,44 33,137,369 3,44 33,137, ,633 BRAC,, 14 14, ,589,993 2,213 33,293,66 14,75 179,767, ,8 ASA,,, NRSP, POMFB 6 9, ,382,173 1,384 29,846,93 9,472 16,24 1 2,68 37,79,832 1,791 3,42,12 2,68 37,79,832,, NRSP, POMFB 5 8, ,2,743 9,43 41,97,97 11,39 21,87,753,, TRDP 28 11, ,446, ,8 124,629,52 42,469 55,374, ,491,,, NRSP 12 7,262 73,389,945 16,87 69,959,574 5,78 99,37,14 245,46,, NRSP, OPP, TRDP Umer Kot 15 1, ,998,747 42,488 97,424,735 3,129 43,219, ,966 Total ,151 4,956,959, ,446 3,728,93,14 482,686 4,886,612,96 6,357,795 AZAD JAMMU AND KASHMIR (AJK) Number of Branche s /Units Borrowers Potential Microfinance Market 19 Bagh Bhimber NRSP, OPP NRSP 2 1,176 1,28,849 24,67 11,93,635 2,518 52,875, Kotli, NRSP 13 8,647 57,77,538 31,783 6,41,345 18,4 338,292,75 Mirpur, NRSP 1 5,377 24,39,526 5,377 24,39,526 Muzaffarabad,, NRSP, SDF 1 3,883 41,332,438 36,686 19,58, 5,95 16,43,416 Neelum, NRSP 1 2,861 12,569,766 2,861 12,569,766 Poonch NRSP ,22,151 33,26 18,783, ,285, Sudhnati, NRSP ,158,24 9,776 2,166,38 1,753 36,81, Total 31 22, ,426, ,518 57,511,861 37, ,915,458 13

14 OUTREACH ( Level) FEDERALLY ADMINISTRATED NORTHERN AREAS (FANA) Dis trict Number of Branches/Units Borrowers Potential Microfinance Market 2 Astore Diamer Ghanche 1 2 1,758 3,79 35,12,819 71,89,532 2,284 4,245 13,96 98,659,621 1,758 3,79 35,12,819 71,89,532 Ghizer 5 5, ,568,71 13,23 93,29, 5, ,568,71 Gilgit 4 4,51 114,623,11 17, ,765, 4,51 114,623,11 Skardu 3 5,42 126,518,352 7, ,499,835 5,42 126,518,352 Total 15 19, ,621,875 45,3 84,175,456 19, ,621,875 FEDERALLY ADMINISTRATED TRIBAL AREAS (FATA) Dis trict Number of Branche s/units Borrow ers Potential Microfinance Market 21 Bajaur Khyber , ,56, ,56, ,56,85 Kurram ,516, ,516,97 Mohmand ,39, ,39,278 North Waziristan Orakzai ,619, ,619,99 South Waziristan Total 5 2,416 15,6,43 2,416 2,647,957 ISLAMABAD CAPITAL TERRITORY (ICT) Islamabad Numbe r of Branches /Units Borrow ers Potential Microfinance Market, NRSP, POMFB 8 2,442 4,782,415 1, ,884,23 4, ,55,777 74,75 14

15 OUTREACH (ALL PAKISTAN) Province Offices Borrowers Potential Microfinance Market Penetration Rate (%) Balochistan 33 19, ,37,654 42,891 21,417,944 19, ,674,397 1,656, N.W.F.P , ,798, ,99 365,812, ,337 1,641,957,762 4,83, Punjab 982 1,261,188 14,734,449,342 1,24,667 1,746,917,39 1,759,46 22,339,428,94 15,233, Sindh ,151 4,975,845,18 553,446 3,728,93,14 485,725 4,925,487,483 6,357, AJK 31 22, ,426, ,518 57,511,861 37, ,915,458 FANA 15 19, ,621,875 45,3 84,175,456 19, ,621,875 FATA 5 2,416 15,6,43 2,416 2,647,957 ICT 8 2,442 4,782,415 1, ,884,23 4, ,55,777 74, Grand Total 1, ,831,532 21,395,561,534 2,142,183 7,92,622,673 2,452,957 3,261,239,649 27,47, OTHER NEWS ITEMS Tameer Bank and Telenor launch Money Transfer service Tameer Microfinance Bank and Telenor Pakistan have announced the launch of Money Transfer, the second in a suite of products being offered under easypaisa. Users will have the convenience to access the service from more than 4, easypaisa merchants, a figure targeted to reach 2, by 21 end. Tameer Bank s original branchless banking pilot was developed in partnership with the techology program at the Consultive Group to Assist the Poor (CGAP), a microfinance centre housed at the World Bank. The easypaisa portfolio, which now includes Bill Payment solution and Money Transfer, is scheduled to come up with services such as mobile wallet accounts, cash deposits and withdrawal facilities in the near future. SBP allows wider scope of MFBs permanent booth In order to enhance outreach of financial services to underserved areas by microfinance banks and to provide them an enabling environment for resorting to cost effective means of deposit mobilization, the State Bank of Pakistan has decided to enhance the scope of permanent booths under its Branch Licensing. MFBs will be required to apply to the SBP for opening of permanent booths approved under ABEP under prescribed format. For more details please see BPRD Circular No. 16 of 29, at the SBP URL: Seven members recognized for Social Performance Reporting Seven members of the PMN were awarded Silver Awards on Social Performance Reporting to the Social Performance Task Force (SPTF). This award comes from the CGAP, Dell Foundation and Ford Foundation. The seven members are CWCD, DAMEN, RCDS, SAFWCO, SDF, TRDP and. Earlier in the year, ASASAH also won the award at the award certification launch in Madrid, Spain. To learn more about the awards and Social Performance Reporting please visit PMN awarded Best Network of the Year by SEEP Network The Pakistan Microfinance Network was awarded the Best Network of the Year Award at the 29 SEEP Network Annual Conference, held at Washington, DC. The Small Enterprise Education and Promotion (SEEP) Network s Annual Conference is considered the premiere microenterprise practitioner event for engaging in new learning on innovative practices and current topics in the field. It also provides a critical forum where those working in microenterprise development can come together to strengthen their collective efforts. Introduction of new microfinance products urged at the Third Microfinance Country Forum The Third Microfinance Country Forum was held on November 21 in Islamabad. Many topics related to microfinance were addressed, with special emphasis on Mass accessibility and userfriendly resources. The event was inaugurated by the Governor State Bank of Pakistan. He urged microfinance banks to make a shift from single productdriven mechanisms to an innovative multidimensional strategy that focuses on market diversification, which will serve two purposes: firstly, it will help bring remote areas at par with other parts of the country by increasing outreach of small loans; and secondly, it will serve MFBs in building their revenue streams and attaining financial and operational stability. 15

16 END NOTES 1 In the Market Highlights section of Issue 12 (print version only), Table C misquoted KASHF and s numbers of active borrowers due to a typographical error. The correct figures are 288,69 and 219,82 respectively. We apologize for the inconvenience caused due to this error. 2 Chagai district was divided into two districts (Nushki and Chagai) in 25. The potential microfinance market estimate for Chagai is therefore an overestimation (aggregate of potential markets for Nushki and Chagai). 3 Population data for Nushki district is not available. Nushki was carved out of Chagai district in 25. Thus, the potential microfinance market estimate for Chagai is an aggregate of the potential market for Chagai and Nushki. 4 Population data for Sherani district is not available, Sherani was carved out of Zhob district in 25 5 Zhob was divided into two districts (Zhob and Sherani) in 25, The potential microfinance market estimate for Zhob is therefore an overestimation (aggregate of potential markets for Zhob and Sherani). 6 Population data for Mingora district is not available. Mingora was carved out of Swat district in 25. Thus, the potential microfinance market estimate for the district of Swat is an aggregate of the potential market for Mingora and Swat. 7 Swat district was divided into two districts (Swat and Mingora) in 25. The potential market estimate for Swat is therefore an overestimation (aggregate of potential markets for Mingora and Swat). The estimate is based on 1998 DCR population data available for Swat. 8 OPP does not provide retail microcredit services in Gujranwala and Khushab. It wholesales funds to partner organizations: Mehran Education Welfare Society, and Soan Valley Development Program, respectively. 9 Population data for the district of Nankana Sahib is not available. The district was carved out of Sheikhupura district in 25. Thus, the estimate for the district of Sheikhupura is an aggregate of the potential market for Sheikhupura and Nankana Sahib (based on 1998 DCR population data available for Sheikhupura). 1 OPP does not provide retail microcredit services in Rawalpindi. It wholesales funds to a partner organization: Alfalah Development Organization. 11 OPP does not provide retail microcredit services in Dadu. It wholesales funds to a partner organization: Soofi Shah Inayat Shaheed Sanghat. 12 Hyderabad district was divided into four districts in 26. These are Hyderabad, Matyari, Tando Muhammad Khan, and Tando Allahyar. Thus, the potential microfinance market estimate for Hyderabad is an aggregate of all four resulting districts (based on 1998 DCR population data available for Hyderabad). 13 Population data for Jamshoro district is not available. The district is new and was carved out of Dadu district in 26. Thus, the estimate for Dadu also includes the estimate for the recently created Jamshoro district. 14 The market estimate for Karachi is the aggregate of four districts namely, Central, West, East, and South. 15 OPP does not provide retail microcredit services in Khairpur. It wholesales funds to partner organizations: Khaiji Cooperative Society, Goth Seenghar, and Marvi Rural Development Organization. 16 Population data for Matyari district is not available. The district was carved out of Hyderabad district in 26. Thus, the estimate for Hyderabad also includes the estimate for the recently created Matyari district. 17 OPP does not provide retail microcredit services in Mirpur Khas, Nawabshah, Naushahro Feroze, Thatta and Umer Kot. It wholesales funds to a number of partner organizations: Sindh Rural Partner Organization; Shah Sachal Sami Welfare Association; Village Welfare Society; Sindh Community Development Organization; Ghulam Qadir Group; and Shama Roshan Social Welfare Development Organization, respectively. 18 Population data for districts Tando Allahyar and Tando Muhammad Khan is not available. The districts were carved out of Hyderabad district in 26. Thus, the microfinance market estimate for Hyderabad is an aggregate of the potential markets in the recently created Tando Allahyar, Matyari and Tando Muhammad Khan districts. 19 Due to unavailability of population data for the Azad Jammu and Kashmir (AJK) districts, the potential microfinance market could not be estimated. 2 Due to unavailability of population data for the Federally Administered Northern Areas (FANA) the potential microfinance market could not be estimated. 21 Due to unavailability of population data for the Federally Administered Tribal Areas (FATA), the potential microfinance market could not be estimated. REPORTING ORGANIZATIONS Reporting Period Category MFB Kashf Microfinance Bank Microfinance Bank licensed Khushhali Bank () and prudentially regulated by Netw ork MicroFinance Bank Ltd. (NMFB) the State Bank of Pakistan to PakOman Microfinance Bank Ltd. (POMFB) exclusively service Rozgar Microfinance Bank Ltd. (RMFB) microfinance market Tameer Microfinance Bank Ltd. (TMFB) The First MicroFinanceBank Ltd. (FMFB) MFI Akhuw at Microfinance institution ASA International providing specialized Asasah microfinance services Community Support Concern (CSC) Development Action for Mobilization and Emancipation (DAMEN) Kashf Foundation Orangi Pilot Project (OPP) Sindh Agricultural and Forestry Workers Cooperative Organization (SAFWCO) RSP Lachi Poverty Reduction Project (LPRP) Rural support programme running microfinance operation as part of multidimensional National Rural Support Programme (NRSP) Punjab Rural Support Programme (PRSP) Sarhad Rural Support Programme (SRSP) Thardeep Rural Development Programme (TRDP) rural development programme Others BRAC Centre for Women Cooperative Development (CWCD) Jinnah Welfare Society (JWS) Narow al Rural Development Programme (NRDP) Organization for Participatory Development (OPD) Rural Community Development Society (RCDS) Save the Poor (STP) Sindh Rural Support Program (SRSP) Sungi Development Foundation (SDF) Sw abi Women s Welfare Society (SWWS) ORIX Leasing Pakistan Ltd. (OLP) Bank of Khyber (BOK) Author: Zahra Khalid Data Collection and Compilation: Moazzam Iqbal Design & Layout: Pakistan Microfinance Network Printed at: Creative Junction Copyrights Dec 29 Pakistan Microfinance Network Pakistan Microfinance Network Secretariat 132, St 4, F 1/4, Islamabad, Pakistan Tel: +92 (51) , Fax: +92 (51) info@pmn.org.pk 16