PMIC and DFC Partner to Boost Financial Inclusion in Pakistan with $15 Million Loan Portfolio Guaranty
In a significant move to enhance financial inclusion and drive economic growth in Pakistan, the Pakistan Microfinance Investment Company (PMIC) and the U.S. International Development Finance Corporation (DFC) have signed a Loan Portfolio Guaranty Agreement. This strategic partnership will provide a loan portfolio guaranty of up to $15 million.
The initiative aims to empower women entrepreneurs and support enterprises, particularly focusing on key sectors such as renewable energy, agriculture, and livestock. By providing a financial safety net, the agreement seeks to increase access to capital for underserved communities and promote sustainable economic development.
This collaboration underscores a shared commitment to fostering inclusive economic opportunities in Pakistan and supporting initiatives that contribute to the country's overall prosperity.
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