PMIC and BOP joined hands to promote Financial Inclusion in Pakistan

Pakistan Microfinance Investment Company (PMIC) and The Bank of Punjab (BOP) have joined hands to promote Financial Inclusion in Pakistan.

PMIC and BOP signed an MOU under which BOP will become the first commercial bank to use PMIC’s Credit Enhancement Facility (CEF) for lending to microfinance institutes. Under CEF, PMIC will provide credit guarantees to BOP for lending to MFIs across the country.