Comments on: On microfinance in Pakistan Perspectives on Pakistan Thu, 01 Oct 2015 19:31:05 +0000 hourly 1 By: SarN22 Mon, 27 Sep 2010 06:55:11 +0000 The Microfinance industry in Pakistan has indeed seen some very remarkable developments in the past few years. PPAF (Pakistan Poverty Alleviation Fund), the apex institution of the country wholesaling funds to civil society organizations, has developed a very organized network of partner organizations.
Also very interesting are individual organizational developments of organizations of the likes of CWCD, a Micro Enterprise Development Organization based in Lahore, who have come up with unique & interesting variations to the conventional Microfinance models, as well as the successful launch of their Islamic MF products (making them pioneers of Islamic MF in Pakistan). They have also very proudly challenged the Grameen & Kashf MF models at various Forums, which is quite unique, innovative & worth mentioning, as they have very successfully done so. CWCD’s Founder and Chief Executive Officer, Mrs. Farida Tariq, has introduced a new term of Potential Poor which negates the concept of Poorest of the Poor. Also instead of providing Life insurance (as in CWCD’s opinion death cases are even less than 1% of clients) CWCD offers health insurance for its clients.
Interestingly CWCD not only provides Micro Finance it also provides Business Development Services to its clients so as to promote their businesses and provide them access to markets. In 2008, CWCD became the first Microfinance Organization to successfully develop Islamic Microfinance products and procure funding from PPAF for their successful launch. Further interesting insights about the organization can be found on