Funding objective : FMO has committed ZAR 300 million to MCGF
The revised Guidelines on MCGF
have been issued by SBP through AC&MFD's Circular No.
He briefly shared with the audience that the MCGF
of UK - 15 million has been instrumental in relaxing funding constraints of the microfinance sector in Pakistan.
The revised guidelines on MCGF
stressed upon the MFBs/MFIs to explore other local currency funding opportunities such as raising capital by issuance of redeemable capital from capital market, thereby increasing funding availability and diversification of sources.
was launched by the State Bank in December 2008 with PS10 million funding support from the UK Department for International Development (DFID) under the PS50 million Financial Inclusion Program (FIP) which is being managed by SBP.