About PMN

Who We Are?

The Pakistan Microfinance Network (PMN or ‘the Network’), the national association for retail players in the microfinance industry, was established as an informal group by industry practitioners in 1997, under the name Microfinance Group-Pakistan [MFG-P]. At the time, the group was focused on coordinating dialogue and lateral learning opportunities between members. Over time, with the increase in the nature and level of activities, and membership, the setup was registered with the Securities and Exchange Commission [SECP] in April 2001 under the Companies Act. It has since been known as the Pakistan Microfinance Network. Currently the network strength stands at 46 Microfinance Providers including Microfinance Banks (regulated by SBP) and Non-Bank Microfinance companies (regulated by SECP).

Our Vison

Frontiers of Formal Financial Services reach out to all.

Our Mission

Support the financial sector, especially retail financial service providers, to enhance their scale, quality, diversity and sustainability in order to achieve inclusive financial services

What We Do

1) Knowledge Management and Information Hub
2) Enabling and Representing Financial Institution
3) Capacity Building
4) Research and Financial inclusion strategies
5) Corporate Governance and Risk Management

A primary objective of the PMN, serving as the information hub, is an area that the PMN further its efforts to continue itself as the information/knowledge touch point for the industry. Under this umbrella objective, there are various fronts which fit the mission of PMN:

  • Promoting financial and social transparency with Microfinance institutions
  • Promoting benchmarks and international best practices
  • Publishing industry information material and dissemination of the same
  • Holding events and roundtable discussion
  • Collecting, analyzing and disseminating information to various stakeholder groups

The PMN has come a long way since its inception at working with relevant policy makers/regulators. It has established its credibility as a practitioner’s network (representing diversified membership (constituting Microfinance Banks, Microfinance Institutions, and Rural Support Programs) resulting in policy makers and donors becoming more receptive to its views. The Network promotes an Enabling Environment through:

  • Interaction with policy makers, in particular with the Ministry of Finance, State Bank of Pakistan & Securities and Exchange Commission of Pakistan
  • Representing the sector at domestic and international forums
  • Aims at building strategic partnerships with local and international stakeholders
  • Creating linkages with both bilateral and multi-lateral donors
  • Focus on creating and maintaining liaisons with private and public sector outfits to leverage expertise for various industry support infrastructure such as the Credit Bureau, Grievance Redressal System, Microfinance Fund Facility and Consumer Protection Code
  • Building sector image and tackling negative perception through a professionally managed Communications and Public Relations strategy
  • Developing linkages between PMN members and local and international investors

The PMN was the first institution in the country to engage in capacity building activities for the microfinance sector. Ever since the inception of the Network, this has been an important objective and PMN has remained focused on broadening the scope of capacity building, while at the same time evolving and targeting this function to better cater to the needs of the sector. The Network has focused on the Capacity Building of the sector through:

  • Creation of a Centre of Excellence to train the HR pool of the industry through a collaborative effort with local and international players.
  • International and national trainings to strengthen the human resource base of the industry.
  • Propagate good practice and exchange of ideas at an International level and National level through exposure visits.
  • Mechanisms to build linkages with universities that can be used to not only attract good HR to the sector but also raise understanding and interest amongst the academic community on microfinance.

Pakistan Microfinance Network (PMN) conducts in-depth research on critical themes such as financial inclusion, rural development, climate resilience, disaster risk financing, and women's financial inclusion and empowerment. By gathering data and analyzing trends, PMN shapes insights that help develop sustainable financial solutions and strategies for underserved communities.

PMN collaborates with multilateral organizations and key public institutions like the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) to devise and implement strategies rooted in rigorous research. These efforts are aimed at fostering inclusive growth, enhancing resilience to climate-related and economic shocks, and promoting financial empowerment, particularly for marginalized populations.

The PMN is at the heart of improving governance and decision-making for its members. Corporate governance is important because it helps to ensure that a company is managed in a way that is ethical, transparent, and accountable to its stakeholders. It can also help to minimize risks and promote long-term sustainability. PMN acts as a consultant for implementation of a risk-based governance register. The development and distribution of the risk register to PMN members is based on a twofold objective:

  • Encourage member organ to use the Risk Register as an internal tool to strengthen their risk management function by
    • - Systematically identifying and evaluating risks, and prioritize them based on their potential impact and likelihood of occurrence.
    • - Developing strategies to mitigate or manage those risks. This may involve implementing controls, transferring risk to another party, or accepting the risk.
  • Allow PMN to consolidate the data received from members through the template to create a sector-wide mapping of risks.
  • Publish Risk to Microfinance Study every two years to understand the risks being faced by the microfinance industry in Pakistan.
  • To build the capacity of MFPs to better manage risks, PMN has been conducting on annual basis training on enterprise risk management in collaboration with PACRA.
  • To improve governance standards among the member organizations PMN has been conducting Directors Training Programs (DTP) in collaboration with PICG and Hikmah Consulting.

Functions

Annual Microfinance Conference (AMC-6)

October 4th – 6th, 2022 Serena Hotel, Islamabad

20 Years of Excellence Creating Resilience and Enabling Rehabilitation

Annual Microfinance Conference (AMC-7)

October 18th – 19th, 2023 Serena Hotel, Islamabad

Towards Sustainable & Inclusive Finance; Microfinance @ Center

Annual Microfinance Conference (AMC-8)

October 1st – 3rd, 2024 PC-Hotel, Karachi

Microfinance @ I.I. Chundrigar Road; A Conclave to discuss Microfinance with the Wall Street of Pakistan

Annual Microfinance Conference (AMC-4)

November 25th & 26th, 2020 Serena Hotel, Islamabad

Sustaining Resilience; Microfinance in a Post Pandemic Era

Annual Microfinance Conference (AMC-5)

October 5th – 7th, 2021 Serena Hotel, Islamabad

Embracing New Milestones; Navigating Inclusive Finance in a Post Pandemic Era