JS Group views the Micro Finance sector as an essential part of its overall financial services portfolio to tap into a new market segment while acting in accordance with its social responsibilities as a corporate citizen. JS Group established Network Microfinance Bank in partnership with Network Leasing, a specialist micro-leasing company.
Network Micro Finance Bank (NMB), Pakistan's third such financial institution, launched its services in 2004. Network Micro Finance Bank is the first Micro Finance institution in Pakistan to be listed on a stock exchange (the Karachi Stock Exchange).
Network Micro Finance Bank provides a full range of banking services to micro-entrepreneurs and people belonging to a low income category. The bank makes special efforts to support and finance women entrepreneurs. State Bank of Pakistan has a prudential regulation applicable to micro finance banks which fixes the maximum loan size at Rs 100,000. Network Micro Finance Bank's primary commercial banking function will be to provide short and medium term loans for working capital and other productive uses to small, under-financed and under-banked segments of the country, with emphasis on Karachi.
For further information on micro financing in Pakistan please submit an enquiry to JS Group through the Contact Us page.
