Prime Minister's Interest Free Loans Scheme
Brief Description
Micro-finance facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.
Eligibility Criteria
Vulnerable rural and urban poor with a poverty score of up to 40
The focus of the program would be in the category of the poor scoring between 18.5 and 40. Even though double dipping will not be allowed to those who are recipients of loans under BISP, since not all those scoring up to 18.5 are BISP recipients (BISP micro-scheme or actual BISP) or taking loans under BISP umbrella, they will be eligible provided they meet other requirements of this scheme.
For further details visit http://www.ppaf.org.pk/ .
Focus on Women
50% of loans will go to women borrowers.
Geographical Spread
All over Pakistan, preferably limited and un-served areas.
The focus will be on districts with no or low microfinance network facilities. Districts in which microfinance beneficiaries are 12 percent or below as per the Micro Finance Network (MFN) data, will be given first priority
Pricing
It will not carry any mark-up.
Tenor of Loan
Up to 3 years
Size and Number of Loans
250,000 loans of Rs.25,000 average (upto RS 50,000)
Government Grant 2013-14
Rs.3.5 billion.
Important Stats
Province
Disbursed Status
Disbursed Amount
Male
Female
Total Disbursed
AJK
359
385
744
11,533,000
BALOCHISTAN
1,577
292
1,869
36,517,000
GB
1,310
206
1,516
34,289,000
KPK
12,509
4,542
17,051
363,437,978
PUNJAB
14,177
30,249
44,426
959,194,028
SINDH
6,952
18,198
25,150
497,711,995
Total
36,884
53,872
90,750
1,902,683,001
 
Executing Agencies
Pakistan Poverty Alleviation Fund (PPAF)
People to Contact
Coordinator
Mr. Omar Ayub Khan, MNA 
oaknova@gmail.comoaktareen@yahoo.com
Focal Person
Mr Farid Sabir
farid@ppaf.org.pk