Value (PKR Millions) Active Borrowers 2,500 2,000. Active Borrowers (000's) 1,500 1,000 3,000 2,500 2,000. Active Savers (000's) 1,500 1,000

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1 ('s) ('s) ('s) A QUARTERLY UPDATE ON MICROFINANCE OUTREACH IN PAKISTAN ISSUE 16: QUARTER 2 (aprjun 21) Compared to the previous quarter, growth in microcredit decelerated slightly this quarter with active borrowers showing an increase of 3% this quarter compared with 5% in the previous one. ASA, Kashf and Tameer contributed the most to this increase. NRSP remained market leader in terms of both active borrowers and GLP, although market shares for these indicators continue to decrease marginally. The same applied to close followers and Kashf. Market shares of different peer groups for both active borrowers and GLP remained largely the same. A meager 1% increase was seen in the share of microfinance institutions (MFIs) active borrower, with a corresponding decrease in rural support programmes (RSPs) share. Microfinance banks (MFBs) remained the lead peer group in terms of active borrowers as well as GLP. borrowers continued to grow in all provinces/regions of Pakistan, with exception of the Federally Administered Tribal Areas (FATA), which showed major decreases in active borrower portfolios, due to a cut back in Khushhali Bank s operations in the region, where the institution is the sole market player. No substantial change was seen in other microcredit indicators: rural borrowers continued to dominate urban; group lending dominated individual, and female borrowers dominated males, although males continued to hold a larger share of GLP, at 54%. In terms of microsavings, increase in savers also saw a decelerated growth of 4%, as compared to 14% in the previous quarter. However, value of savings saw substantial growth of 15%. added the most savers (48,+), followed by TRDP (2,+) and Tameer (17,+). Tameer and FMFB contributed the most to this quarter s substantial increase in value of savings (PKR 739 million and PKR 293 million respectively). NRSP remained in market leader position in terms of microsavers, and FMFBL in terms of value of savings. In other microsavings indicators, share of urban savers increased by 1% (to 15%) against rural borrowers, MFBs continued to hold the largest share in value of savings among peer groups (up by 2% to 85%), male savers dominated females (with share of females increasing by 1%) and also dominated females in share of GLP, although share of females in GLP increased by 7% (to 22%). After three consecutive quarters of substantial growth for microinsurance, this quarter showed a decrease in both policyholders and sum insured, dropping by 3% and 2% respectively, largely due to a decline in both indicators for NRSP. Kashf added the most policyholders this quarter (about 3,); while NRSP maintained the lead in number of policyholders. Value (PKR Millions) by Peer Group 5% 5% 3% 29% 29% 28% 25% 27% 27% 28% 4% 39% 38% 38% by Peer Group by Peer Group 4, 3, 3, 6% 6% 29Q3 29Q4 21Q1 21Q2 3% 4% Value (PKR Millions) 3% 58% 3% 3% 62% 59% 28% 21% 18% 2% 29% 18% 17% 18% 29Q3 29Q4 21Q1 21Q2 (PKR Millions) 21Q1 1,99,1 23,354 2,72,967 8,346 3,913,516 54,823 21Q2 1,975,82 25,82 2,834,916 9,566 3,813,594 53,76 Increase (Net) 66,72 1, ,949 1,22 99,922 1,117 Increase (%) , 4% 76% 3% 77% 1% 1% 19% 19% 3% 75% 3% 73% 1% 1% 21% 23% 29Q3 29Q4 21Q1 21Q2 Others 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 (through UKAID) 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 (APRJUN 21) MICROCREDIT A. Top 5 s: Increase in (Net) B. Top 5 s: Increase in (%) ASA KASHF ASA AKHUWAT TMFB BRAC BRAC TMFB SDF Increase ( s) Increase (%) C. Largest Providers of Microcredit ( ) (3 Jun) Market Share (% of ) 1 NRSP 44, , KASHF 323, FMFBL 225, TMFB 94, D. Largest Providers of Microcredit ( Portfolio) GLP (3 Jun) Market Share (% of GLP) 1 NRSP 5,719,878, ,145,1, KASHF 3,583,647, FMFBL 3,427,833, TMFB 2,323,772, E. s with Largest Geographic Spread NRSP FMFBL TMFB KASHF Geographic Spread (No. of s) F. s with Highest Growth (Net) Province (3 Jun) Growth (1 Apr to 3 Jun) Microfinance Market (27) Penetration Rate (%) A Net % B (A/B)*1 1 Jafarabad 3,246 1, , Balochistan Nasirabad 2, , Quetta 6, , Mansehra 5, , Khyber 2 Abbottabad 6, , Pakhtunkhwa 3 Peshawar 1, , Lahore 212,591 9, , Punjab Gujranwala 84,959 8, , Faisalabad 19,63 6, ,96, Sukkur 21,487 4, , Sindh Larkana 18,422 4, , Badin 11,625 3, , Bagh 5,484 1, AJK Muzaffarabad 9, Poonch 3, Skardu 4, FANA Ghanche 2, Astore 1, Mohmand 233 (44) FATA Bajaur 45 (52) Kurram 57 (629) ICT Islamabad 2, ,

4 MARKET HIGHLIGHTS (APRJUN 21) MICROSAVINGS A. Top 5 s: Increase in (Net) B. Top 5 s: Increase in (Net) TRDP TMFB FMFBL TMFB KMFB NRSP FMFBL NRSP Increase ( s) Value (PKR Millions) C. Largest Providers of MicroSavings ( ) (3 Jun) Market Share (% of ) 1 NRSP 1,59, TRDP 34, PRSP 227, FMFBL 218, TMFB 19, D. s with Highest Outreach ( ) Increase (3 Jun) (1 Apr to 3 Jun) Net % 1 Bahawalpur 211,23 3, Tharparkar 196,841 14, Bahawalnagar 158,988 23, Karachi 18,64 2, Bhakkar 18,81 1, MICROINSURANCE A. Largest Providers of MicroInsurance ( ) B. s with Highest Outreach ( ) (3 Jun) Market Share (% of ) 1 NRSP 2,81, KASHF 647, , FMFBL 251, TRDP 16, Increase (3 Jun) (1 Apr to 3 Jun) Net % 1 Lahore 278,86 19, Bahawalpur 271,231 12, Bahawalnagar 27,282 15, Multan 219,151 3, Rahimyar Khan 178,274 33,

5 Value (PKR Millions) ('s) (s) Value (PKR Millions) SUMMARY OF MICROCREDIT PROVISION (All Pakistan) Exchange Rate (Jun 21): PKR/USD = 85.3/1 Lending Methodology Peer Group Total Group Individual MFB MFI RSP Others 21Q1 1, Q2 1, Q1 1,99,1 1,699,134 29, , , ,83 19,922 21Q2 1,975,82 1,747, ,72 739, , , ,156 Portfolio (PKR Millions) 21Q1 23,354 19,848 3,57 9,82 5,471 6,398 1,684 21Q2 25,82 21,116 3,966 1,464 5,96 6,685 2,27 Average Loan Balance 21Q1 12,233 11,681 16,72 13,493 1,442 11,657 15,321 21Q2 12,695 12,86 17,343 14,158 1,574 12,66 16,329 Loans Disbursed 21Q1 431, ,31 64, ,52 93, ,413 33,566 21Q2 631,3 564,315 66, ,15 156, ,88 35,246 Disbursements (PKR Millions) 21Q1 7,382 5,84 1,579 3,539 1,589 1, Q2 11,676 9,911 1,765 4,77 2,542 4, Average Loan Size 21Q1 17,89 15,812 24,38 18,818 16,916 14,77 16,154 21Q2 18,53 17,562 26,458 19,314 16,22 19,581 16,98 Portfolio Portfolio by Methodology 25, 2, 15, 1, 5, 8% 7% 27% 27% 24% 23% 42% 42% Others RSP MFI MFB 3, 25, 2, 15, 1, 5, 15% 16% 85% 84% Individual Group 21Q1 21Q2 21Q1 21Q2 by Gender by Rural/Urban 55% 56% Female Male 55% 55% Rural Urban 45% 44% 45% 45% 21Q1 21Q2 21Q1 21Q2 5

6 ('s) Value (PKR Millions) Staff ('s) SUMMARY OF MICROCREDIT PROVISION (All Pakistan) by Lending Methodology Distribution of Staff 11% 12% 89% 88% Individual Group 1 1, 8, 6, 4, 3% 39% 24% 34% 12% 38% 26% 24% Others RSP MFI MFB 21Q1 21Q2 21Q1 21Q2 Portfolio by Gender by Sector 3, Other 25, 2, 15, 1, 5, 46% 46% 54% 54% Female Male 7% 8% 1% % 6% 6% 9% 9% 36% 36% 15% 15% 26% 26% Housing Manufacturing/ Production Services Trade Livestock/ Poultry Agriculture 21Q1 21Q2 21Q1 21Q2 SUMMARY OF MICROSAVINGS PROVISION (All Pakistan) Saving Methodology Peer Group Total Intermediation Mobilization MFB MFI RSP Others 21Q1 2,72, ,14 2,223, ,833 27,176 2,3,639 87,319 21Q2 2,834, ,567 2,182, ,725 27,786 2,64,349 9,56 Value of Saving (PKR Millions) 21Q1 8,346 6,953 1,392 6, , Q2 9,566 8,133 1,433 8, ,43 24 Average Saving Balance 21Q1 3,67 13, , Q2 3,374 12, , 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 Value (PKR Millions) Value (PKR Millions) Value (PKR Millions) ('s) ('s) SUMMARY OF MICROSAVINGS PROVISION (All Pakistan) by Peer Group 1 by Gender 3, 1, 8, 6, 4, % 17% % 83% % 15% % 85% Others RSP MFI MFB 41% 42% 59% 58% Female Male 21Q1 21Q2 21Q1 21Q2 by Saving Methodology by Urban/Rural 1 1, 8, 6, 4, 17% 83% 15% 85% Mobilization Intermediation 3, 14% 15% 86% 85% Urban Rural 21Q1 21Q2 21Q1 21Q2 by Gender 1 1, 8, 6, 15% 22% Female 4, 85% 78% 21Q1 21Q2 Male 7

8 Holder ('s) (PKR Millions) (PKR Millions) Holder ('s) SUMMARY OF MICROINSURANCE PROVISION (All Pakistan) Type Peer Group Total Health Credit Life MFB MFI RSP Others 21Q1 3,913,516 2,228,512 1,367, ,622 73,152 2,418,974 11,768 21Q2 3,813,594 1,984,674 1,828,92 67, ,419 2,25, ,695 (PKR Millions) 21Q1 54,823 9,457 4,26 39,9 1,259 21Q2 53,76 9,537 4,449 38,289 1,431 by Type by Gender % % 4, 3, 3, 57% 58% 48% % 52% Health Agriculture/Livestock Credit Life Property Other 43% 42% 21Q1 21Q2 Female Male by Urban/Rural by Peer Group 4, 3, 3, 68% 69% 32% 31% 21Q1 21Q2 Rural Urban 6, 5, 4, 3, 2, 1, 2% 3% 73% 71% 8% 8% 17% 18% 21Q1 21Q2 Others RSP MFI MFB by Gender 6, 5, 4, 3, 2, 1, 49% 5% 51% 5% 21Q1 21Q2 Female Male 8

9 OUTREACH ( Level) BALOCHISTAN Microfinance Market Awaran Barkhan Bolan Chagai 2 Dera Bugti Gwadar Jafarabad Jhal Magsi Kalat Kech (Turbat) Kharan Khuzdar Kohlu Lasbela Loralai Mastung Musakhel Nasirabad Nushki 3 Panjgur Pishin Qila Abdullah Qila Saifullah Quetta 26,54 31,881 66,423 54,814 43,77 FMFBL,, NRSP, POMFB 5 1,3 7,148,479 1,337 2,162,749 1,5 11,213,126 55, ,246 42,55,771 3,13 41,177, ,911 29,887 53,884 NRSP 1 3,578 6,951,191 92,271 47,948 14,14 26,91 BRAC ,78, ,67, 84, ,996 11,997, ,775 76,879 41,317 27,545 BRAC, 5 2,964 32,736,762 2,866 32,13,334 75,783 51,74 1, ,112 44,345 BRAC, FMFBL, 9 6,883 44,858,633 4,34 11,853,94 3,85 3,16,11 174,437 Sherani 4 Sibi Washuk Zhob 5 1 1,86 11,144, ,462,637 48,944 53,848 Ziarat 7,268 Total 27 18, ,65,45 45,255 2,967,844 11, ,881,522 1,656,762 9

10 OUTREACH ( Level) KHYBERPAKHTUNKHWA Microfinance Market Abbottabad, SDF, SRSP, TMFB 4 6,818 49,38,28 13,974 9,458,316 6,486 49,9,84 18,672 Bannu Batgram SDF 167, ,257 Buner (Daggar) Charsadda Chitral D.I. Khan Hangu Haripur Karak Kohat Kohistan Lakki Marwat Lower Dir Malakand Mansehra Mardan Mingora 6 Nowshera Peshawar Shangla Swabi Swat 7 Tank 133,171 BRAC,, NRSP 4 4,743 31,125,835 12,925 1,264,925 6,667 57,783,72 271,736 FMFBL 5 7,733 15,713,244 2,78 42,715,927 7,733 15,713,244 84, ,574 38,643,45 2,565 6,51,36 2,961 36,415, ,328 64,648, KMFB, SDF, SRSP 4 5,139 43,966,577 35,56 22,581,58 4,52 39,253,991 13,83 1 1,948 8,967,961 1,199 5,71,671 12,174, SRSP 2 4,25 26,343,679 3,77 3,785,26 2,7 16,924, ,98 73,374 17,55 176,66, NRSP ,937,1 19,623 2,556,23 5 1,79 16,429, KMFB, POMFB, SDF 4 5,74 39,71,668 22,991 24,87,592 4,497 35,57,35 271,288, NRSP 13 2,6 26,95,329 28,42 5,398,44 3,515 34,628, 354, ,532,149 BRAC,, NRSP, SRSP 12 9,829 7,997,428 14,918 6,954,914 13, ,751,466 21,28 BRAC,, NRSP, SRSP 9 1,98 52,737,518 11,9 5,296,986 7,653 66,144, , ,366, NRSP, SWWS 3 1 6,943 74,72,531 14,454 4,74,32 2,821 31,967,833 23,73 NRSP 1 6,488 77, ,555 62,446 Upper Dir 142,427 Total , ,87,587 26, ,237,272 64,15 658,263,29 4,83,817 1

11 OUTREACH ( Level) PUNJAB Microfinance Market Attock Bahawalpur Bhakkar Bahawalnagar Chakwal D.G. Khan Faisalabad Gujranwala 8 Gujrat Hafizabad Jhang Jhelum Kasur Khanewal Khushab Lahore Leyyah Lodhran Mandi Bahauddin Mianwali Multan Muzaffargarh Nankana Sahib 9 Narowal Okara Pakpattan Rahimyar Khan KASHF,, NRSP, POMFB 37 18,42 175,944,281 53,967 11,87,866 22, ,161, ,87 FMFBL, KASHF,, NRSP, TMFB 35 8,857 1,349,421, ,23 183,423, ,231 4,833,662,87 461,777, NRSP 28 12, ,534,339 18,81 43,415,368 77,931 1,418,67, ,453, NRSP 8 43,29 737,28,82 158, ,5,715 27,282 4,945,319, ,843, KMFB, NRSP, POMFB 33 11, ,164,1 48, ,662,57 17, ,332,63 219,565 AKHUWAT, FMFBL,, NRSP, TMFB 19 28, ,587,34 99,835 16,575,72 63,978 1,13,53, ,252 AKHUWAT, ASA, ASASAH, CWCD, FMFBL, KASHF,, KMFB, NRSP, PRSP, RCDS, TMFB 94 19,63 1,65,429,748 46,33 94,25, ,411 1,497,114,681 1,96,924 ASA, ASASAH, CWCD, FMFBL, JWS, KASHF,, KMFB, NRSP, OCT, OPD, PRSP, TMFB 66 84,959 1,192,919,552 34,914 75,688,145 11,725 1,184,946,1 735,741 AKHUWAT, BRAC, KASHF,, KMFB, NRSP, PRSP, TMFB 2 21, ,851,28 13,825 75,635,793 29, ,971, ,63 KASHF,, PRSP, TMFB 7 11, ,282,921 9,462 2,14,647 17, ,64,36 231,17 AKHUWAT, FMFBL, KASHF,, KMFB, NRSP, PRSP, TMFB 35 31,12 295,963,413 12,551 36,719,677 37, ,226, ,546, NRSP 25 11, ,632,482 2,695 18,235,681 13,57 229,799,19 17,498 AKHUWAT, ASASAH, CSC, CWCD, DAMEN, FMFBL, KASHF,, KMFB, OLP, PRSP, RCDS, TMFB 34 64, ,2,574 24,349 42,14,58 8,63 696,174,85 586,427 AKHUWAT, ASASAH, CWCD, KASHF,, KMFB, NRSP, PRSP 14 29, ,116,596 21,22 56,99,267 14,687 1,593,868, ,948 KASHF,, NRSP 33 18,132 16,412,692 96,251 55,729,685 64,636 1,117,221,68 235,163 AKHUWAT, ASA, ASASAH, BRAC, CSC, CWCD, DAMEN, FMFBL, KASHF,, KMFB, NRSP, OCT, OLP, PRSP, RCDS, TMFB ,591 2,47,464,975 89, ,865, ,86 2,389,24, ,76 FMFBL,, PRSP 12 15,32 25,655,411 38,537 4,551,341 14, ,915, ,251 AKHUWAT, FMFBL, KASHF,, NRSP, TMFB 9 31, ,826,438 49,159 13,92,64 17,589 3,95,791,54 261,693 KASHF,, PRSP 6 8,471 76,835,997 3,15 327,988 1,3 98,539, ,371, NRSP 29 17,53 145,4,981 42,438 5,31,52 62,84 1,144,162, ,413 AKHUWAT, ASASAH, BRAC, CWCD, FMFBL, KASHF,, KMFB, NRSP, PRSP, TMFB 7 86, ,825,949 37,9 249,612, ,151 3,166,237, ,339 BRAC,, NRSP, PRSP 16 6,46 82,84,46 33,945 11,895,84 5,548 82,831,561 57,58 CWCD, DAMEN, RCDS 6 8, ,859, ,897,596, NRDP, OCT, OLP, PRSP 8 1,518 27,131,372 18,315 3,748,599 9,471 22,991, ,92 ASASAH, DAMEN, FMFBL, KASHF,, OLP, PRSP, TMFB 16 28, ,65,262 2,696 2,715,343 33,7 423,264,478 59,842 ASASAH, FMFBL, KASHF,, NRSP, PRSP 1 19,81 269,26,168 27,8 57,463,758 73,925 1,269,17, ,988 FMFBL, KASHF,, NRSP, TMFB 3 46, ,838,764 38,78 146,196, ,274 3,21,311, ,75 11

12 OUTREACH ( Level) PUNJAB Microcredit MicroSavings MicroInsurance Microfinance Market Rajanpur AKHUWAT,, NRSP, OCT 13 29, ,726,155 65,228 78,129,242 93,358 1,663,451,859 26,436 AKHUWAT, BRAC, FMFBL, KASHF,, KMFB, NRSP, OCT, POMFB, TMFB Rawalpindi , ,141,638 97, ,639,372 86,13 885,35, ,457 Sahiwal Sargodha Sheikhupura Sialkot Toba Tek Singh ASASAH, BRAC, CWCD, FMFBL, KASHF,, KMFB, NRSP, PRSP, TMFB 3 44, ,116,656 31,698 5,632,161 93,545 1,322,45, ,468 KASHF,, KMFB, NRSP, PRSP, TMFB 33 42,455 43,89,932 15,626 35,512,73 1,559 1,35,67, ,679 ASA, CWCD, DAMEN, KASHF,, OLP, PRSP, RCDS 23 35,292 58,52,811 11,953 1,678,665 35,13 315,394, ,522 ASA, BRAC, KASHF,, KMFB, NRSP, PRSP, TMFB 25 28,712 31,375,311 34,7 32,733,246 37,99 453,271,14 51,997 KASHF,, NRSP, PRSP 7 2, ,223,231 3,32 37,175,168 85,976 1,437,225,255 39,316 Vihari ASASAH, FMFBL, KASHF,, NRSP 15 3,57 44,339,16 37,36 49,768,726 1,352 1,633,831, ,398 Total 1,76 1,356,518 17,388,359,892 1,683,251 2,43,823,755 3,49,111 44,293,1,11 15,233,924 SINDH Microfinance Market Badin Dadu 11 Ghotki Hyderabad 12 Jacobabad Jamshoro 13 Karachi 14 Khairpur 15 Larkana Matyari 16 Mirpur Khas 17 Naushahro Feroze Nawabshah Sanghar ASA, FMFBL,, NRSP, OCT, POMFB 12 11, ,659,26 59,91 52,399,991 19,11 347,443, ,781 FMFBL,, OLP, TRDP 2 14, ,951,539 45,688 62,41,82 24,538 94,481,19 447,35 FMFBL,, OCT 4 17,786 38,261,487 13,112 18,954,589 15, ,673,88 248,442 ASA, BRAC, FMFBL,, NRSP, OCT, POMFB, SAFWCO, TMFB , ,964,347 31, ,172,496 79,484 1,416,44, ,652 FMFBL, 4 12, ,822,118 5,236 55,811,518 7,282 19,824, ,146 BRAC, TRDP 3 1,169 8,45,939 17,873 8,477,68 4,91 11,96,74 ASA, BRAC, FMFBL, KASHF,, KMFB, NRSP, OCT, OLP, POMFB, TMFB ,33 1,397,438,194 18,64 3,928,274, ,932 1,215,673,874 1,329,99 ASA, FMFBL,, OCT, TMFB 1 31, ,34,228 8,545 78,869,2 17, ,725,34 41,853 FMFBL, 7 18, ,8,66 16,285 28,719,58 17, ,47,87 534,891 ASA, FMFBL, NRSP, OCT, SAFWCO, TMFB 9 1 2,52 317,937,36 7,369 13,145,979 48, ,92,431 ASA, FMFBL,, NRSP, POMFB, TMFB, TRDP 21 21,78 287,579,137 51,941 44,33,396 3, ,994,176 21,494 ASA, FMFBL,, OCT 9 16,858 26,316,558 1,559 9,592,788 7, ,, ,462 ASA, FMFBL,, NRSP, OCT, SAFWCO, TMFB , ,869,938 1,299 51,176,72 25,136 47,558, ,43 ASA, FMFBL,, OCT, OLP, SAFWCO , ,63, ,331,686 19,86 113,618, ,133 12

13 OUTREACH ( Level) SINDH Microfinance Market Sehwan Sharif 1 1,738 12,348, ,472,137 Shehdad Kot Shikarpur Sukkur 1 2,749 31,729,128 2,77 31,534,54 237,633 ASA, BRAC, FMFBL,, TMFB 19 21,487 31,115,385 6,673 22,445,576 2, ,161, ,8 Tando Allahyar 18 ASA, BRAC, FMFBL,, NRSP, POMFB, TMFB 11 13, ,46,937 11,41 37,684,399 18,84 345,421,531 Tando Jam FMFBL, TMFB 2 2,232 46,653,363 2,1 16,294,55 2,232 46,653,363 Tando FMFBL,, NRSP, POMFB, TMFB Muhammad Khan 5 8, ,647,539 9,52 51,569,418 16,43 296,414,157 Tharparkar FMFBL,, TRDP 16 13,611 14,55, ,841 14,226,133 5,959 75,39,83 283,491 Thatta ASA, FMFBL,, NRSP 19 6,467 99,413,371 19,491 12,993,92 1, ,342,58 245,46 Umer Kot ASA, FMFBL, OCT, TRDP 29 16,67 162,72,246 5,641 82,74,451 39,218 52,631,35 185,966 Total ,461 6,14,68, ,436 5,18,585, ,584 7,34,853,563 6,357,795 AZAD JAMMU AND KASHMIR (AJK) Microfinance Market 19 Bagh Bhimber Kotli Mirpur Muzaffarabad, NRSP, OCT 3 5,484 39,828,115 28,57 15,86,966 11, ,972,99 NRSP 12 5,8 47,14,51 33,864 6,94,982 25, ,57 FMFBL,, NRSP, SDF 1 9,785 82,18,421 55,766 18,185,718 12, ,692,399 Neelum Poonch Sudhnati NRSP ,979,72 1,279 1,742,422 1,894 35,178,, NRSP 3 3,718 23,498,426 33,735 23,426,26 4,376 38,539,249 Total 3 25, ,555, ,71 65,382,294 56,167 97,954,557 13

14 OUTREACH ( Level) FEDERALLY ADMINISTRATED NORTHERN AREAS (FANA) Microfinance Market 2 Astore FMFBL 1 1,486 23,315,428 2,528 4,225,68 1,486 23,315,428 Diamer Ghanche FMFBL 2 2,851 54,525,878 4, ,24,272 2,851 54,525,878 Ghizer FMFBL 5 4,69 96,89,988 15, ,956,677 4,69 96,89,988 Gilgit FMFBL 4 3,83 86,523,116 18, ,567,394 3,83 86,523,116 Skardu FMFBL 3 4,874 96,948,997 8,45 131,415,926 4,874 96,948,997 Total 15 17,74 357,43,47 49,23 1,31,369,337 17,74 357,43,47 FEDERALLY ADMINISTRATED TRIBAL AREAS (FATA) Microfinance Market 21 Bajaur Khyber Kurram Mohmand North Waziristan Orakzai , , ,965 South Waziristan Total ,335,635 ISLAMABAD CAPITAL TERRITORY (ICT) Microfinance Market Islamabad FMFBL, NRSP, POMFB 8 2,2 44,75,91 14, ,681,452 2,29 6,147,741 74,75 14

15 OUTREACH (ALL PAKISTAN) Province Offices Microcredit MicroSavings MicroInsurance Microfinance Market Penetration Rate (%) Portfolio Balochistan 27 18, ,65,45 45,255 2,967,844 11, ,881,522 1,656, Khyber Pakhtunkhwa , ,87,587 26, ,237,272 64,15 658,263,29 4,83, Punjab 1,76 1,356,518 17,388,359,892 1,683,251 2,43,823,755 3,49,111 44,293,1,11 15,233, Sindh ,461 6,14,68, ,436 5,18,585, ,584 7,34,853,563 6,357, AJK 3 25, ,555, ,71 65,382,294 56,167 97,954,557 FANA 15 17,74 357,43,47 49,23 1,31,369,337 17,74 357,43,47 FATA ,335,635 ICT 8 2,2 44,75,91 14, ,681,452 2,29 6,147,741 74, Grand Total 1, ,975,82 25,82,76,889 2,834,916 9,566,47,468 3,813,594 53,75,63,92 27,47, OTHER NEWS ITEMS Amendment in PR relating to asset classification by SBP The State Bank of Pakistan, in MFD Circular No. 3 of 21, amended its Prudential Regulation No. 12 for microfinance banks regarding classification of assets and provisioning requirements. The revised instructions state that in addition to cash as collateral, gold (including both bullion and ornaments) shall also be considered in specific provision against nonperforming loans. The full circular and amended PR can be viewed at the following URL: MFBs data submission timeline revised by SBP The State Bank of Pakistan, in OSED Circular Letter No. 2 of 21 has revised the timeline for quarterly data submission, which will be effective from the quarter ending June 3th, 211. This refers to Prudential Regulation No. 27 for MFBs, who will now be required to upload their data through the Data Acquisition Gateway (DAG) within 18 working days from the end of a quarter, instead of the current 3 days. The full circular letter can be viewed at the following URL: 15

16 END NOTES 1 Due to unavailability of PRSP savings data, previous quarter figures for PRSP savings have been used in this Issue. 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 OCT 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 OCT does not provide retail microcredit services in Rawalpindi. It wholesales funds to a partner organization: Alfalah Development Organization. 11 OCT 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 OCT 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 OCT 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 Category Reporting Period MFB Kashf Microfinance Bank Microfinance Bank licensed and Khushhali Bank () prudentially regulated by the State Network MicroFinance Bank Ltd. (NMFB) Bank of Pakistan to exclusively PakOman Microfinance Bank Ltd. (POMFB) service microfinance market Rozgar Microfinance Bank Ltd. (RMFB) Tameer Microfinance Bank Ltd. (TMFB) The First MicroFinanceBank Ltd. (FMFB) MFI Akhuwat Microfinance institution providing ASA International specialized microfinance services Asasah Centre for Women Cooperative Development (CWCD) Community Support Concern (CSC) Development Action for Mobilization and Emancipation (DAMEN) Kashf Foundation Orangi Charitable Trust Sindh Agricultural and Forestry Workers Coordinating Organization (SAFWCO) RSP Lachi Poverty Reduction Project (LPRP) Rural support programme running microfinance operation as part of multidimensional rural development National Rural Support Programme (NRSP) Punjab Rural Support Programme (PRSP) Sarhad Rural Support Programme (SRSP) Thardeep Rural Development Programme (TRDP) programme Others BRAC Jinnah Welfare Society (JWS) Narowal Rural Development Programme (NRDP) Organization for Participatory Development (OPD) Rural Community Development Society (RCDS) Sindh Rural Support Program (SRSP) Sungi Development Foundation (SDF) Swabi Women s Welfare Society (SWWS) Bank of Khyber (BOK) ORIX Leasing Pakistan Ltd. (OLP) Author: Zahra Khalid Design & Layout: Pakistan Microfinance Network Printed at: Creative Junction Copyright Sep 21 Pakistan Microfinance Network 132, St 4, F 1/4, Islamabad, Pakistan Tel: +92 (51) , Fax: +92 (51) info@pmn.org.pk 16