Company Profile & Information
PMIC is registered under Section 32 of the Companies Ordinance 1984 as amended by Company’s Act 2017 and has been licensed under rule 5 of the non-banking finance company (establishment and regulations) Rules, 2003 as amended through S.R.O. 1002 (I)/2015, to undertake or carry out Investment Finance Services. PMIC was setup as an important pillar of the National Financial Inclusion Strategy formulated by the Government of Pakistan. Pakistan Poverty Alleviation Fund, Karandaaz Pakistan (KRN) and KfW development Bank together created PMIC – a partnership driven by passion for progress and a commitment to serving Pakistanis at the bottom of the pyramid.
Incorporation No & Date: 0101158 – Aug 10, 2016
National Tax Number: 7317867-3
Phone: (+92-51) 8487820-45
Auditors: A.F.Ferguson & Co
Membership: Pakistan Fintech Network. https://pfn.org.pk
Regd. Address: 21 Floor, Ufone Tower, 55 C, Main Jinnah Avenue, Blue Area, Islamabad 44000, Pakistan.
Status: LSC (as per 3rd Schedule of the Companies Act 2017)
License No & Date: SECP/LRD/12/PMIC/2022-27 – Oct 04, 2022
Email Address: [email protected]
Legal Advisor: HaiderMota & Co.
NBFI & Modaraba – Association of Pakistan. http://nbfi-modaraba.com.pk/
Core Values
Respect & Integrity
Ensuring high standards of respect and integrity
Team Work
Working collaboratively with team members
Transparency & Merit
Providing the highest level of transparency to all
Respect & Integrity
Ensuring high standards of respect and integrity
Team Work
Working collaboratively with team members
Transparency & Merit
Providing the highest level of transparency to all
Inclusion
Promote inclusion in PMIC and with our borrowers
Passion, Innovation & Creativity
Passionate about PMIC and its agenda to add value to MF sector
Our Vision
A Pakistani society where the underserved are empowered.
Our Mission
Provide financial and institutional services to strengthen and scale-up provision of sustainable and responsible access to finance to individuals, micro-entrepreneurs and micro-enterprises in Pakistan to enhance employment and income opportunity for economically poor and underserved citizens and improve the lives of the poor.
Strategic Objectives
Create a financially sustainable wholesale organization
Build a strong, professional and innovative organization
Ensure compliance with ES Guidelines in the organization
Build a robust financial ecosystem for the growth of sustainable microfinance in Pakistan
Provide innovative and customized support to PMIC investees; develop capacity to access commercial credit markets
Thematic Areas
Women and Youth
We focus on empowerment of all segments of society, especially women, which constitutes almost 83% of active clients being served through PMIC’s funding.
Rural Areas
We take access to finance to areas where financial inclusion remains low. Almost 65% of PMIC’s funding is deployed in rural areas of Pakistan – through it’s borrowers.
Digital Pathways
We embrace digital advancements at the institutional level and for clients to facilitate access to finance in an efficient manner.
