Penetration Rate (%) Active Borrowers 2,101,699 2,059,536 42, r Gross Loan Portfolio (PKR Millions) 26,949 25,494 1,455 5.

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1 MicroWATCH A QUARTERLY UPDATE ON MICROFINANCE OUTREACH IN PAKISTAN ISSUE 19: QUARTER 1 (JanMaR 211) T T Q1 Q4 Units % h e s Covered 1, , Penetration Rate (%) f Borrowers 2,11,699 2,59,536 42, i r Gross Loan Portfolio (PKR Millions) 26,949 25,494 1, s Loans Disbursed t Disbursements (PKR Millions) 42,794 7, ,441 1, ,647 2, Average Loan Size 19,816 19, q Savers 3,581,833 3,295,71 286, u avalue of Savings (PKR Millions) r Average Saving Balance 1,458 2,92 11,863 3,599 1, t Policy 3,16,313 3,3,563 14,25.47 e Sum Insured (PKR Millions) 38,172 38, r of 211 saw marginal growth for the overall microfinance sector in Pakistan. Microcredit grew nominally, with 2% growth in borrowers and almost 6% growth in outstanding loan portfolio. Volume of disbursements in the quarter fell by 27% compared to the last quarter of 21, with disbursements for individual loans seeing a larger increase compared to group loans. Average loan size increased by 3% this quarter, up to PKR 19,816. Overall sector PAR (> 3 days) was 4.2% 1. Of total borrowers, 56% were women, holding 47% share in outstanding loan portfolio; and of total borrowers, 56% are based in rural areas. In terms of type of loans, loans for trade purposes remained the most popular, followed by agriculture and livestock/poultry respectively. Borrower to staff ratios ranged from 271 to 19, varying for different peer groups 2. s with highest growth in borrowers included Umer Kot in Sindh and Multan and Bahawalpur in Punjab 3. In terms of savings, the number of savers grew moderately in this quarter by 9%, however, value of savings actually fell by 12%, to PKR 1.5 billion. However, this fall was largely a result of microfinance banks own corporate withdrawals rather than clients. As a consequence, average savings balance fell considerably by 2%, down to PKR 2,92. Women constituted 43% of active savers, but held only 21% in value of savings. Of total savers, 82% are based in rural areas. s with highest growth in savers included Karachi, Tharparkar and Badin in Sindh. As of this quarter s end, 13 microfinance providers (s) provide savings services to clients of microfinance 4. Microinsurance indicators i.e. both number of policyholders and sum insured showed almost no change during the quarter, with both indicators showing a minor decrease (less than.5%). Of total policyholders, 55% hold credit life insurance and 45% hold health insurance; 59% of total policyholders are women, holding 53% of total sum insured; and 63% of total policyholders are based in rural areas. As of this quarter s end, 16 s provide microinsurance services. Within microinsurance services, credit life insurance outreach is greater than health insurance provision, with 11 of 16 s offering credit life and 7 of 16 s offering health. Geographically, microfinance outreach fell by two districts down to a nationwide outreach to 93 districts from 95 in the previous quarter; and the number of outlets actually decreased 5. Khyber Pakhtunkhwa, Punjab and FATA showed marginal decreases in number of outlets; whereas number of outlets in Balochistan, Sindh, Azad Jammu and Kashmir, Gilgit Baltistan and Islamabad remained the same. Change MicroWATCH is a quarterly publication of the Pakistan Microfinance Network (PMN). It is made possible by the generous support of the Department for International Development (DFID, through UKAID), the Citi Foundation and the Pakistan Poverty Alleviation Fund (PPAF). It is also a result of the efforts of organizations that contributed their data (for citations, see back cover).

2 DISTRIBUTION OF ACTIVE BORROWERS Top 5 s: Greatest Increase in Microcredit Outreach Borrowers Growth 1 Ghotki 2,1 6, Umer Kot 24,334 6, Khairpur 35,163 5, Multan 97,973 4, Bahawalpur 76,72 4, DISTRIBUTION OF ACTIVE SAVERS Top 5 s: Greatest Increase in Savings Outreach Savers Growth 1 Karachi 142,53 31, Tharparkar 25,549 23, Badin 8,567 18, Khairpur 27,522 18, Ghotki 3,592 17, 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) 2

3 MicroWATCH MICROCREDIT PROVISION Summary of Microcredit Provision (All Pakistan) Exchange Rate (Mar 211): PKR/USD = 85.3/1 Lending Methodology Peer Group Total Group Individual MFB MFI RSP Other s 21Q4 1, Q1 1, Borrowers 21Q4 2,59,536 1,818,2 241, , ,471 67,765 14, Q1 2,11,699 1,725, , , ,58 649, ,262 Gross Loan Portfolio (PKR Millions) 21Q4 25,494 2,839 4,655 1,528 6,138 6,517 2, Q1 26,949 21,825 5,124 11,298 5,877 7,219 2,554 Portfolio at Risk >3 days (Percentage) 21Q Q Average Loan Balance 21Q4 12,378 11,463 19,272 14,68 1,325 1,723 16, Q1 12,822 12,65 13,612 15,732 1,21 11,11 17,346 Loans Disbursed 21Q4 548, ,832 62,69 193,999 87,8 232,873 33, Q1 42,794 33,672 72, ,83 1,51 85,347 38,134 Disbursements (PKR Millions) 21Q4 1,526 8,64 1,922 4,83 1,65 4, Q1 7,982 5,644 2,338 4,15 1,867 1, Average Loan Size 21Q4 19,192 17,71 3,694 21,44 18,285 18,334 16, Q1 19,816 17,68 32,414 23,212 18,574 15,57 17,818 s with Highest Growth (Net) by Province Province Borrowers Growth Penetration Rate (27) (%) A B (A/B)*1 1 Lasbela 1, , Balochistan Jafarabad 3, , Kech (Turbat). 92,271 1 Charsadda 4, , KhyberPakhtu Malakand , Haripur 6, , Multan 97,973 4, , Punjab Bahawalpur 76,72 4, , Lodhran 31,456 2, , Ghotki 2,1 6, , Sindh Umer Kot 24,334 6, , Khairpur 35,163 5, , Kotli 5,673 (17).3 2 AJK Sudhnati 134 (121) Poonch 3,161 (293) Astore 2,414 1, GilgitBaltistan Gilgit 3, Skardu 1,765 (1,498) FATA ICT Islamabad 2, ,

4 Borrowers ('s) Borrowers ('s) Borrowers ('s) Value (PKR Millions) Borrowers ('s) Value (PKR Millions) Borrowers ('s) Value (PKR Millions) MICROCREDIT PROVISION Borrowers by Peer Group Gross Loan Portfolio 2,5 35, 2, 1,5 7% 7% 29% 31% Other s 3, 25, 2, 9% 9% 26% 27% Other s 1, 5 29% 28% 35% 34% RSP MFI MFB 15, 1, 5, 24% 22% 41% 42% RSP MFI MFB Borrowers by Gender 2,5 Gross Loan Portfolio by Gender 3, 2, 1,5 1, 5 57% 56% 43% 44% Female Male 25, 2, 15, 1, 5, 47% 47% 53% 53% Female Male Borrowers by Lending Methodology 2,5 Gross Loan Portfolio by Methodology 3, 2, 1,5 1, 12% 18% 88% 82% Individual Group 25, 2, 15, 1, 18% 19% 82% 81% Individual Group 5 5, Borrowers by Rural/Urban 2,5 Borrowers by Sector 2,5 Other 2, 1,5 1, 56% 56% Rural Urban 2, 1,5 1, 8% 8% 7% % 7% % 11% 1% 37% 36% Housing Manufacturing/Prod uction Services Trade 5 44% 44% 5 14% 15% 23% 24% Livestock/ Poultry Agriculture 4

5 Borrowers to Staff Ratio PAR > 3 days (%) MicroWATCH MICROCREDIT PROVISION Borrower to Staff Ratio Portfolio at Risk > 3 days MFB MFI RSP Other s s with Largest Net Increase in Borrowers Increase in Borrowers Share (% of Borrowers) 1 ASA 19, NRSP 13, TRDP 6, TMFB 6, AKHUWAT 5, s with Largest Percentage Increase in Borrowers Increase in Borrowers Share (% of Borrowers) 1 AKHUWAT 5, ASA 19, TRDP 6, SAFWCO 3, CSC 1, Largest Providers of Microcredit ( Borrowers) Borrowers Share (% of Borrowers) 1 NRSP 446, KB 47, KASHF 288, FMFBL 164, PRSP 135, Largest Providers of Microcredit (Gross Loan Portfolio) GLP Share (% of GLP) 1 NRSP 5,874,937, KB 4,434,748, TMFB 3,512,553, KASHF 2,915,89, FMFBL 2,741,474, s with Largest Geographic Spread KB NRSP FMFBL TMFB ASA Geographic Spread (No. of s)

6 Savers ('s) Value (PKR Millions) Savers ('s) Value (PKR Millions) MICROSAVINGS PROVISION Summary of Microsavings Provision (All Pakistan) Saving Methodology Peer Group Total Intermediation Mobilization MFB MFI RSP Other s Savers 21Q4 2,834, ,567 2,182, ,725 27,786 2,64,349 9,56 211Q1 3,581, ,41 2,682, ,121 26,92 2,593,637 89,155 Value of Saving (PKR Millions) 21Q4 11,863 1,289 1,574 1, , Q1 1,458 8,883 1,575 8, , Average Saving Balance 21Q4 3,599 13, , Q1 2,92 9, , Microsavings Provision by s Savings Methodology Peer Group Total s offering Savings Intermediation Mobilization MFB MFI RSP Others No. of Reporting s 21Q Q 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. Savers by Peer Group Value of Savings by Peer Group 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 3% 73% 3% 72% 1% 1% 23% 24% Other s RSP MFI MFB 14, 12, 1, 8, 6, 4, 2, % 13% % 87% % 15% % 85% Other s RSP MFI MFB Savers by Gender Value of Savings by Gender 4, 14, 3,5 3, 2,5 2, 1,5 1, 5 42% 43% 58% 57% Female Male 12, 1, 8, 6, 4, 2, 22% 78% 21% 79% Female Male 6

7 Savers ('s) Value (PKR Millions) Value (PKR Millions) MicroWATCH MICROSAVINGS PROVISION Savers by Saving Methodology Value of Savings by Saving Methodology 14, 14, 12, 1, 8, 6, 4, 2, 13% 15% 87% 85% Mobilization Intermediation 12, 1, 8, 6, 4, 2, 13% 15% 87% 85% Mobilization Intermediation Savers by Urban/Rural s with Highest Outreach ( Savers) 4, 3,5 3, 2,5 2, 1,5 1, 5 15% 18% 85% 82% Urban Rural Savers Increase 1 Bahawalpur 314,357 5, Bhawalnagar 29,967 5, Tharparkar 25,549 23, Karachi 142,53 31, D.G. Khan 135,322 14, s with Largest Increase in Savers (Net) s with Largest Increase in Value of Savings (Net) Increase in Savers 1 TMFB 68, NRSP 62, TRDP 26, KB 19, PRSP 11, Increase in Value of Savings 1 TRDP 4,412, POMFB 739, KASHF. 4 SAFWCO. 5 AKHUWAT. Largest Providers of Microsavings ( Savers) Largest Providers of Microsavings (Value of Savings) Savers Share (% of Savers) Value of Savings Share (% of Savers) 1 NRSP 1,832, PRSP 366, TMFB 297, TRDP 292, KB 238, FMFBL 5,179,721, TMFB 2,419,63, NRSP 1,251,51, KMFB 732,813, KB 526,676,

8 Policy Holder ('s) Policy Holder ('s) Sum Insured (PKR Millions) Policy ('s) Sum Insured (PKR Millions) MICROINSURANCE PROVISION Summary of Microinsurance Provision (All Pakistan) Type Peer Group Total Health Credit Life MFB MFI RSP Other s Policy 21Q4 3,3,563 1,293,633 1,736,93 586,5 751,131 1,555, , Q1 3,16,313 1,355,15 1,661, ,43 7,14 1,576,59 144,36 Sum Insured (PKR Millions) 21Q4 38,265 7,494 4,232 24,978 1, Q1 38,172 7,918 3,74 24,892 1,623 Microinsurance Provision by s Type of Insurance offered Peer Group Total s offering Insurance Health Life Other MFB MFI RSP Others No. of Reporting s 21Q Q Policy by Peer Group Sum Insured by Peer Group 3,5 3, 2,5 2, 1,5 1, 5 5% 5% 51% 52% 25% 23% 19% 2% Other s RSP MFI MFB 45, 4, 35, 3, 25, 2, 15, 1, 5, 4% 4% 65% 65% 11% 1% 2% 21% Other s RSP MFI MFB Policy by Gender Sum Insured by Gender 3,5 3, 2,5 2, 1,5 1, 5 6% 59% 4% 41% Female Male 45, 4, 35, 3, 25, 2, 15, 1, 5, 54% 53% 46% 47% Female Male Policy by Urban/Rural Policy by Type 3,5 3,5 3, 2,5 2, 1,5 1, 5 63% 63% 37% 37% Rural Urban 3, 2,5 2, 1,5 1, 5 57% 55% 43% 45% Credit Life Health 8

9 MicroWATCH MICROINSURANCE PROVISION s with Highest Outreach (Policy ) Policy Increase 1 Lahore 247,392 19, Bahawalpur 178,3 18, Faisalabad 171, Multan 152,1 1, Karachi 116,71 12, Top 5 s: Greatest Increase in MicroInsurance Outreach Policy Growth 1 Ghotki 28,831 17, Khairpur 29,34 14, Sialkot 48,571 12, Karachi 116,71 12, Sukkur 31,395 11, Largest Providers of MicroInsurance (Policy ) Largest Providers of MicroInsurance (Sum Insured) Policy Share (% of Policy ) Sum Insured Share (% of Sum Insured) 1 NRSP 1,267, KASHF 576, KB 333, FMFBL 184, TRDP 118, NRSP 22,293,571, KB 4,1,383, KASHF 2,915,89, FMFBL 2,863,174, PRSP 2,571,65, 6.7 OUTREACH (ALL PAKISTAN) Province Offices Microcredit MicroSavings MicroInsurance Penetration Rate (%) Fixed Mobile Gross Loan Value of Savings Policy Borrowers Portfolio Savers Balochistan 26 19, ,176,94 81,265 69,153,698 14,2 146,265,311 1,656,762 1 KP 69 89, ,477, ,1 62,284,784 56, ,582,556 4,83,817 2 Punjab 1,99 2 1,451,272 18,668,189,89 2,169,92 3,415,369,47 2,275,74 3,829,818,142 15,233,924 1 Sindh ,143 6,86,584, ,515 5,43,973,83 69,925 5,575,66,429 6,357,795 8 AJK 3 22, ,482, ,996 67,68,744 42,541 78,69,335 GB 15 11,131 21,922,579 5, ,1,718 11,131 21,922,579 FATA ICT 7 2,157 2,935,581 14,519 8,824,925 6, ,137,5 74,75 3 Grand Total 1, ,11,699 26,948,768,82 3,581,833 1,457,684,998 3,16,313 38,172,455,852 27,47,48 8 9

10 OUTREACH ( Level) BALOCHISTAN Awaran Barkhan Bolan Chagai Dera Bugti Gwadar Jafarabad Jhal Magsi Kalat Kech (Turbat) Kharan Khuzdar Kohlu Lasbela Loralai Mastung Musakhel Nasirabad Nushki Panjgur Pishin Qila Abdullah Qila Saifullah Quetta Sherani Sibi Washuk Zhob Fixed Mobile Borrowers Microcredit MicroSavings MicroInsurance Gross Loan Portfolio Savers Value of Savings Policy 43,77 FMFBL, KB, NRSP, POMFB 5 1,56 5,15,59 1,513 2,281, ,343,115 55,537 BRAC, KB 4 3,526 43,521,52 3,788 47,364, ,911 53,884 NRSP 1 65,649 9,988,782 92,271 26,91 BRAC 4 1,491 1,752,115 1,9 19,, 84,637 27,545 BRAC, KB 2 1,842 22,521,29 1,823 22,594,984 75,783 44,345 BRAC, FMFBL, KB 9 9,879 62,73,128 5,13 56,883,23 6,8 53,59, ,437 KB 26,54 31,881 66,423 54,814 29,887 47,948 14,14 76,879 41,317 51,74 1, , ,497 8,52, ,115 48,944 Ziarat 7,268 Total 26 19, ,176,94 81,265 69,153,698 14,2 146,265,311 1,656,762 53,848 1

11 MicroWATCH OUTREACH ( Level) KHYBERPAKHTUNKHWA (KP) Abbottabad Microcredit MicroSavings MicroInsurance Gross Loan Value of Savings Policy Fixed Mobile Borrowers Portfolio Savers KB, KMFB, SDF, SRSP, TMFB 5 6,423 58,596,117 13,76 13,787,621 5,91 43,128,495 18,672 Bannu Batgram Buner (Daggar) Charsadda Chitral D.I. Khan Hangu Haripur Karak Kohat Kohistan Lakki Marwat Lower Dir Malakand Mansehra Mardan Mingora Nowshera Peshawar Shangla Swabi Swat 167,38 SDF, SRSP ,333, ,185 58, ,171 BRAC, KB, NRSP 4 4,896 34,751,853 12,926 1,264,925 4,623 39,826,62 271,736 FMFBL 5 7, ,519,331 21,232 46,12,87 7, ,519,331 84,846 KB 1 3,45 4,65,74 3,87 13,42,738 2,778 37,221, ,328 64,648 KB, KMFB, SDF, SRSP 4 6,18 61,754,61 34,469 27,677,151 5,4 48,61,842 13,83 SRSP ,451, ,764 12,174 KB, SRSP 2 5,973 36,32, ,938 2,778 21,684,97 114,98 73,374 17,55 176,66 KB, NRSP ,214,517 2,272 2,564, ,664,73 16,429 KB, KMFB, POMFB, SDF 4 5,91 57,48,756 23,679 38,271,638 5,81 44,368, ,288 KB, NRSP, SRSP 14 22,74 215,466,835 3,256 5,439,882 4,6 36,49,22 354,988 KB ,482, , AKHUWAT, BRAC, KB, NRSP, SRSP 9 7,715 6,644,27 8,79 15,364,976 8,652 81,376,7 21,28 AKHUWAT, BRAC, KB, NRSP, SRSP 1 1,111 56,658,14 6,671 19,154,278 6,581 52,615, , ,366 KB, NRSP, SWWS 3 6,182 6,4,757 26,728 3,878,22 3,17 34,456,615 23,73 NRSP 1 9,823 1,356, ,555 Tank Upper Dir 62,446 SRSP ,55, , ,427 Total 69 89, ,477, ,1 62,284,784 56, ,582,556 4,83,817 11

12 OUTREACH ( Level) PUNJAB Attock Bahawalpur Bhakkar Bhawalnagar Chakwal D.G. Khan Faisalabad Gujranwala Gujrat Hafizabad Jhang Jhelum Kasur Khanewal Khushab Lahore Leyyah Lodhran Mandi Bahauddin Mianwali Multan Muzaffargarh Nankana Sahib Narowal Okara Pakpattan Rahimyar Khan Microcredit MicroSavings MicroInsurance Fixed Mobile Gross Loan Value of Savings Policy Borrowers Portfolio Savers KASHF, KB, KMFB, NRSP, POMFB 38 2,793 23,141,177 54,47 16,671,657 56,483 1,1,566,87 262,87 AKHUWAT, FMFBL, KASHF, KB, NRSP, TMFB 35 76,72 1,32,96, , ,669, ,3 3,152,96, ,777 KB, NRSP 28 22, ,274, ,644 53,573,515 58,95 1,95,935,21 252,453 AKHUWAT, ASA, KB, KMFB, NRSP 13 44,57 75,36,634 29, ,95,732 19,733 2,2,18, ,843 KB, KMFB, NRSP, POMFB 33 11, ,36,661 5,716 11,696,428 28, ,75,46 219,565 AKHUWAT, FMFBL, KB, NRSP, PRSP, TMFB 21 29,63 53,71, , ,468,782 48, ,534, ,252 AKHUWAT, ASA, ASASAH, CWCD, FMFBL, KASHF, KB, KMFB, NRSP, PRSP, RCDS, TMFB ,518 1,61,12,497 94, ,7,97 171,294 1,464,768,582 1,96,924 ASA, ASASAH, CWCD, FMFBL, JWS, KASHF, KB, KMFB, NRSP, OCT, OPD, PRSP, TMFB ,416 1,194,841,921 44,744 17,427,475 96,828 83,129, 735,741 AKHUWAT, BRAC, KASHF, KB, KMFB, PRSP, TMFB 21 29,48 345,11,314 18,22 137,223,834 32,89 339,979,27 446,63 KASHF, KB, PRSP, TMFB 7 14, ,965,444 6,956 7,381,419 17,12 145,461, ,17 AKHUWAT, FMFBL, KASHF, KB, KMFB, NRSP, PRSP, TMFB 35 28, ,133,318 31,358 42,7,9 4, ,632,32 626,546 KB, NRSP 25 13, ,322,727 21,894 19,292,7 1,942 13,241,798 17,498 AKHUWAT, ASA, ASASAH, CSC, CWCD, DAMEN, FMFBL, KASHF, KB, KMFB, OLP, PRSP, RCDS, TMFB 37 58,26 689,59,99 29,146 64,893,646 71, ,857,73 586,427 AKHUWAT, ASASAH, CWCD, KASHF, KB, KMFB, NRSP, PRSP 16 31, ,375,811 31,128 66,5,816 58, ,892, ,948 KASHF, KB, NRSP, PRSP 35 18,77 184,145, ,722 6,578,692 52, ,142, ,163 AKHUWAT, ASA, ASASAH, BRAC, CSC, CWCD, DAMEN, FMFBL, KASHF, KB, KMFB, NRSP, OCT, OLP, PRSP, TMFB ,964 2,211,188,347 87,1 483,547, ,392 1,991,286, ,76 FMFBL, KB, PRSP 8 18,85 24,341,881 52,594 51,965,548 18,17 326,88, ,251 AKHUWAT, FMFBL, KASHF, KB, NRSP, TMFB 9 31,456 57,59,288 55, ,623,937 74,994 1,364,65, ,693 KASHF, KB, PRSP 6 14,11 77,248,134 3, ,428 1, ,345, ,371 KB, NRSP 29 17, ,338,98 52,665 5,756,79 49,425 93,248, ,413 AKHUWAT, ASASAH, BRAC, CWCD, FMFBL, KASHF, KB, KMFB, NRSP, PRSP, TMFB 68 97,973 1,134,182,426 45,599 25,51,9 152,1 1,911,77, ,339 AKHUWAT, BRAC, KB, PRSP 5 9, ,276,59 78,237 13,294,218 8, ,979,688 57,58 CWCD, DAMEN, RCDS 9 8, ,146, ,488,323 KB, NRDP, OCT, OLP, PRSP 8 2, ,666,536 1,644 4,21,942 15, ,1, ,92 ASASAH, DAMEN, FMFBL, KASHF, KB, OLP, PRSP, TMFB 17 3, ,4,631 26,757 24,999,273 33, ,546,74 59,842 ASA, ASASAH, FMFBL, KASHF, KB, KMFB, NRSP, PRSP, TMFB 13 24, ,728,982 29,521 57,82,72 44, ,495, ,988 FMFBL, KASHF, KB, NRSP, TMFB 3 42,73 714,299,83 53, ,184,73 75,39 1,137,871, ,75 12

13 MicroWATCH OUTREACH ( Level) PUNJAB Rajanpur Rawalpindi Sahiwal Sargodha Sheikhupura Sialkot Toba Tek Singh Vihari Microcredit MicroSavings MicroInsurance Gross Loan Value of Savings Policy Fixed Mobile Borrowers Portfolio Savers AKHUWAT, KB, NRSP, OCT, PRSP 17 29,552 48,585,577 9,71 94,57,763 56,65 1,11,512,554 26,436 AKHUWAT, BRAC, FMFBL, KASHF, KB, KMFB, NRSP, OCT, POMFB, TMFB 75 59,469 54,996,331 95,877 45,713,15 13,358 1,245,638,44 327,457 AKHUWAT, ASASAH, BRAC, CWCD, FMFBL, KASHF, KB, KMFB, NRSP, PRSP, TMFB 3 51,134 54,594,55 36,834 59,11,74 78,72 1,76,146, ,468 AKHUWAT, KASHF, KB, KMFB, NRSP, PRSP, TMFB 31 46, ,84,38 46,31 3,742,65 92,867 1,292,36,17 671,679 AKHUWAT, ASA, CWCD, DAMEN, FMFBL, KASHF, KB, OLP, PRSP, RCDS 25 36,55 698,693,721 4,223 6,365,83 35, ,18, ,522 ASA, BRAC, JWS, KASHF, KB, KMFB, NRSP, PRSP, TMFB 37 4,63 433,732,9 22,937 63,576,686 48,571 65,634,876 51,997 KASHF, KB, NRSP, PRSP 7 22,484 37,46,153 53,79 44,358,887 47, ,868,338 39,316 ASASAH, FMFBL, KASHF, KB, KMFB, NRSP 16 3,62 421,815,218 43,279 62,474,739 58,273 89,543,73 475,398 Total 1,99 2 1,451,272 18,668,189,89 2,169,92 3,415,369,47 2,275,74 3,829,818,142 15,233,924 SINDH Badin Dadu Ghotki Karachi Khairpur Hyderabad Jacobabad Jamshoro Larkana Matyari Mirpur Khas Naushahro Feroze Nawabshah Sanghar Microcredit MicroSavings MicroInsurance Gross Loan Value of Savings Policy Fixed Mobile Borrowers Portfolio Savers ASA, FMFBL, KB, NRSP, OCT, POMFB 15 9, ,517,616 8,567 83,829,653 11, ,791, ,781 FMFBL, KB, TRDP 17 16,18 173,25,458 4,688 54,914,33 24,191 88,881,98 447,35 ASA, FMFBL, KB, OCT, SRSO 11 2,1 359,49,748 3,592 32,855,695 28, ,475,22 248,442 ASA, BRAC, FMFBL, KB, KMFB, NRSP, OCT, POMFB, TMFB 4 45,29 579,723,552 38,42 26,166,189 62,79 1,55,27, ,652 FMFBL, KB, SRSO 6 13, ,27,781 12,56 49,528,877 12,55 15,25, ,146 ASA, BRAC, TRDP 2 2,637 23,77,863 5,631 8,473,48 5,151 22,272,176 ASA, BRAC, FMFBL, KASHF, KB, KMFB, NRSP, OCT, OLP, POMFB, TMFB ,626 1,718,289, ,53 4,158,697, ,71 1,4,155,748 1,329,99 ASA, FMFBL, KB, OCT, SRSO, TMFB 25 35,163 51,52,173 27,522 74,886,15 29,34 261,967,364 41,853 ASA, FMFBL, KB, SRSO 16 16, ,337,19 32,91 46,167,281 24, ,563, ,891 ASA, FMFBL, NRSP, OCT, SAFWCO, TMFB 1 19,884 31,564,175 23,939 32,32,547 29,932 47,893,31 ASA, FMFBL, KB, NRSP, POMFB, TMFB, TRDP 26 23,9 34,845,488 57,157 39,96,149 25,12 34,141,483 21,494 ASA, FMFBL, KB, OCT, SRSO 12 18, ,229,47 14,11 12,132,718 16,15 113,35, ,462 ASA, FMFBL, KB, KMFB, NRSP, OCT, SAFWCO, TMFB 19 25, ,529,327 13,591 31,439,372 22,67 31,2, ,43 ASA, FMFBL, KB, OCT, SAFWCO , ,964,94 1,125 9,166,37 22,767 13,235, ,133 13

14 OUTREACH ( Level) SINDH Fixed Mobile Borrowers Microcredit Gross Loan Portfolio Savers MicroSavings Value of Savings Policy MicroInsurance Sehwan Sharif Shehdad Kot Shikarpur Sukkur Tando Allahyar Tando Jam Tando Muhammad Khan Tharparkar Thatta SRSO, TMFB 8 2,87 3,728,554 11,946 1,791,9 11,518 6,878,439 ASA, KB, SRSO 4 4,24 45,981,815 3,345 51,75 6,81 33,853,39 237,633 ASA, BRAC, FMFBL, KB, SRSO, TMFB 24 27,45 43,678,245 22,97 51,653,765 31, ,96,98 213,8 ASA, BRAC, FMFBL, KB, NRSP, POMFB, TMFB 1 12,65 232,411,415 19,25 46,671,97 13, ,167,131 ASA, FMFBL, TMFB 3 1,997 51,776,658 2,85 52,161,75 1,669 41,68,522 FMFBL, KB, NRSP, POMFB, TMFB 4 5,496 97,832,16 9,929 32,126,468 9, ,194,454 ASA, FMFBL, KB, TRDP 18 14,11 165,459,12 25, ,525,4 55,515 92,369, ,491 ASA, FMFBL, KB, NRSP 2 8,424 95,719,412 31,337 5,349,673 6,675 99,624, ,46 ASA, FMFBL, OCT, TRDP Umer Kot 31 24, ,512,398 46,599 84,534,626 43,71 5,924,83 185,966 Total ,143 6,86,584, ,515 5,43,973,83 69,925 5,575,66,429 6,357,795 AZAD JAMMU AND KASHMIR (AJK) Bagh Fixed Mobile Borrowers Microcredit MicroSavings MicroInsurance Gross Loan Portfolio Savers Value of Savings Policy KB, NRSP, OCT 3 4,956 36,413,514 28,491 15,86,966 8, ,885,1 Bhimber Kotli Mirpur Muzaffarabad NRSP 12 5,673 47,538,61 34,475 6,229,423 19, ,927,5 FMFBL, KB, NRSP, SDF 1 9,2 77,44,858 68,768 2,8,52 1,9 142,576,683 Neelum Poonch Sudhnati NRSP ,74 1,63 1,926, ,45, KB, NRSP 3 3,161 35,845,785 35,659 23,817,834 3,534 34,635,142 Total 3 22, ,482, ,996 67,68,744 42,541 78,69,335 14

15 MicroWATCH OUTREACH ( Level) GILGITBALTISTAN (GB) Astore Diamer Ghanche Ghizer Gilgit Fixed FMFBL Mobile Borrowers Gross Loan Portfolio Savers Value of Savings Policy 4 2,414 5,94,353 18,675 42,751,463 2,414 5,94,353 FMFBL FMFBL Microcredit MicroSavings MicroInsurance 5 3,35 59,46,263 16,2 137,686,343 3,35 59,46, ,7,881 2,631 41,29, ,7,881 FMFBL 3 3,3 55,15,53 8, ,92,594 3,3 55,15,53 FMFBL Skardu 2 1,765 25,76,579 4, ,443,27 1,765 25,76,579 Total 15 11,131 21,922,579 5, ,1,718 11,131 21,922,579 FEDERALLY ADMINISTRATED TRIBAL AREAS (FATA) Bajaur Khyber Kurram Mohmand North Waziristan Orakzai Fixed Mobile Borrowers Microcredit MicroSavings MicroInsurance Gross Loan Portfolio Savers Value of Savings Policy South Waziristan Total ISLAMABAD CAPITAL TERRITORY (ICT) Islamabad Fixed Mobile Borrowers Microcredit MicroSavings MicroInsurance Gross Loan Portfolio Savers Value of Savings Policy NRSP, POMFB 7 2,157 2,935,581 14,519 8,824,925 6, ,137,5 74,75 15

16 END NOTES 1 Portfolio at Risk (>3 days) for the sector (as well as by peer group) has been added as a new indicator to the MicroWatch from this Issue onwards. This will be reported on a quarterly basis hereon (see pages 3 and 5). 2 borrower to staff ratio by peer group have been added as new indicators to the MicroWatch from this Issue onwards (see page 5). 3 Page 2 shows Ghotki and Khairpur as high growing districts in both microcredit and savings; however, this representation is erroneous due to addition of SRSO as a firsttime reporting organization to the MicroWatch, which operates in these districts. 4 Thirteen out of 27 microfinance providers reporting to the MicroWatch offer savings services, and 16 out of these 27 offer microinsurance services. 5 Due to addition of SRSO branch network to MicroWatch figures, the number of total outlets seem to have increased by 34 outlets, however, the actual net difference shows a decrease of 7 outlets nationally. 6 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). 7 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. 8 Population data for Sherani district is not available, Sherani was carved out of Zhob district in 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). 1 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. 11 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. 12 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. 13 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). 14 OCT does not provide retail microcredit services in Rawalpindi. It wholesales funds to a partner organization: Alfalah Development Organization. 15 OCT does not provide retail microcredit services in Dadu. It wholesales funds to a partner organization: Soofi Shah Inayat Shaheed Sanghat. 16 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). 17 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. 18 The market estimate for Karachi is the aggregate of four districts namely, Central, West, East, and South. 19 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. 2 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. 21 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. 22 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. 23 Due to unavailability of population data for the Azad Jammu and Kashmir (AJK) districts, the potential microfinance market could not be estimated. 24 Due to unavailability of population data for GilgitBaltistan (GB) the potential microfinance market could not be estimated. 25 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 Microfinance Bank licensed and Khushhali Bank (KB) 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 Pakistan 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 (OCT) Sindh Agricultural and Forestry Workers' Coordinating Organization (SAFWCO) RSP National Rural Support Programme (NRSP) Rural support programme running microfinance operation as part of multidimensional rural development Punjab Rural Support Programme (PRSP) Sarhad Rural Support Programme (SRSP) Sindh Rural Support Organization (SRSO) Thardeep Rural Development Programme (TRDP) programme Others BRAC Pakistan Jinnah Welfare Society (JWS) Narowal Rural Development Programme (NRDP) Organization for Participatory Development (OPD) Rural Community Development Society (RCDS) 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: The Mass Company Printers Copyright Jun 211 Pakistan Microfinance Network 132, St 4, F 1/4, Islamabad, Pakistan Tel: +92 (51) , Fax: +92 (51) info@pmn.org.pk 16