Updated on
Summary
To stabilize the Micro Finance Organizations, State Bank of Pakistan has agreed on providing Rs 215 million. SBP has signed a Memorandum of Understanding (MoU) with Micro Finance Network and NRSP under which it will give Rs 133 millions and Rs 82 millions to Micro Finance Network and NRSP for one year respectively. SBP has set a target of Micro Finance beneficiaries at three millions till 2010 and Rs 10 million by 2015.
