HBL Microfinance Bank and IFC Sign $80 Million Risk Sharing Agreement to Boost Financial Inclusion in Pakistan
Karachi, Pakistan – In a landmark move to expand financial access for smallholder farmers and microenterprises, HBL Microfinance Bank (HBL MfB) has signed an $80 million Risk Sharing Agreement with the International Finance Corporation (IFC), a member of the World Bank Group.
This strategic partnership aims to empower small businesses, with a particular focus on women entrepreneurs, enabling them to scale, innovate, and drive sustainable economic growth across Pakistan.
By mitigating lending risks, the collaboration will facilitate greater access to credit, fostering financial inclusion and economic resilience in underserved communities.
The official signing ceremony took place in Karachi, attended by senior leadership from both organizations, including:
- Maya Inayat Ismail, Chairperson, HBL Microfinance Bank
- Amir Khan, President & CEO, HBL Microfinance Bank
- Makhtar Diop, Managing Director, IFC
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