The microfinance sector of Pakistan is currently undergoing a recovery from the dent endured during the Covid-19 lockdown. According to him, small households are also in trouble, which are the real customers of the microfinance industry. Since women empowerment through microfinance lending is one of the core objectives of the sector, female borrowers in 2019 stood at 3.8 million. “This is the first time that the microfinance industry recorded a contraction but we remain hopeful for the future,” he said. The brighter sideThere is brighter side of Covid-19 which has positively impacted the microfinance industry.

Source: The Express Tribune December 26, 2020 03:33 UTC