First MicroFinance Bank-Pakistan

For other banks with a similar name, see First Bank.

First MicroFinance Bank-Pakistan (FMFB-P) was established in 2002 as a nationwide microfinance bank, licensed by the State Bank of Pakistan. FMFB-P was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme’s (AKRSP), an integrated development programme to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral.

FMFB-P was established with the mission to respond to poverty and contributes to the social and economic well-being of society by providing opportunities to thousands of under-privileged households. Through targeted financial and multi-sectoral products and services based on the evolving needs of the poor, FMFB-P enables its clients to strengthen their entrepreneurial base and build financial, physical and human capital to secure their future.

FMFB-Pakistan’s mission is to effect demonstrable, measurable and lasting improvement in the quality of life of target populations in Pakistan.

FMFB operates in all provinces of the country i.e. Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan and Gilgit-Baltistan. Driven by its mission of addressing poverty, FMFB-P’s network is concentrated in the rural areas of the country, where poverty-concentration is higher. However, FMFB-P also focuses on reaching out to the low income segments in urban areas.

Currently there are 83 full service branches, 6 POLs, and 50 Pakistan Post sub-offices, all over Pakistan.

FMFB-P has given a total loans of Rs 33 billion since its inception, serving 1.48 cumulative cumulative loan clients.

External links

The First MicroFinanceBank Ltd Pakistan

Banking in Pakistan

Central bank	State Bank of Pakistan

Big Four	HBL Pakistan MCB Bank Limited National Bank of Pakistan United Bank Limited Pakistan

Commercial banking	Allied Bank Limited Askari Bank Atlas Bank Bank AL Habib Bank Alfalah Bank of Khyber Bank of Punjab Faysal Bank First Women Bank Habib Metropolitan Bank Industrial Development Bank JS Bank NIB Bank Sindh Bank Soneri Bank Summit Bank Zarai Taraqiati Bank Limited

Microfinance banking	FINCA Microfinance Bank Limited First MicroFinance Bank-Pakistan Khushhali Bank NRSP Microfinance Bank Tameer Microfinance Bank Limited

Islamic banking	BankIslami Pakistan Burj Bank Dubai Islamic Bank Pakistan Limited Meezan Bank

Foreign banks	Barclays HSBC Bank Middle East Royal Bank of Scotland Standard Chartered Pakistan

Defunct banks	Bank of Credit and Commerce International KASB Bank MyBank PICIC Commercial Bank Union Bank

See also	List of banks in Pakistan Pakistan Remittance Initiative Pakistani bankers Institute of Bankers Pakistan National Institute of Banking and Finance

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First MicroFinance Bank-Pakistan

See also

External links