Pakistan Microfinance Investment Company Limited (PMIC) is registered as an Investment Finance Company under NBFCs regulations with Securities and Exchange Commission of Pakistan (SECP). It is setup jointly by, Pakistan Poverty Alleviation Fund (PPAF), Department for International Development (DFID) through Karandaaz Pakistan and the German Development Bank (KFW) to catalyze and lead the next phase of growth in the microfinance sector of Pakistan. The purpose of the Organization is to improve financial inclusion, employment and wellbeing of the poor by providing wholesale financing to the microfinance service providers in the country. The institution also has a role in the development and strengthening of the microfinance sector by actively contributing to policy and regulations for microfinance, capacity building of microfinance players as well as to promote innovation and responsible financial practices in the sector.
To achieve its objectives, PMIC intends to attract funding from development agencies, financiers, commercial banks and capital markets to meet the liquidity needs of the sector which requires USD 3 billion to reach a target of 10 million active clients by the year 2020.