The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership, reportedly has launched a weather-indexed microinsurance pilot project covering crop and livestock in the districts of Khushab and Chakwal. The microinsurance scheme is designed to assist farmers affected by climate change and low-quality agricultural inputs. Details such as pricing and coverage amount have not yet been released. PPAF plans to offer microinsurance nationwide, though no timeframe has been released [1].
For the year 2012, PPAF reported total assets of PKR 27.1 billion (USD 285 million) [2].
By Brendan Millan, Research Associate
About Pakistan Microfinance Network (PMN):
The Pakistan Poverty Alleviation Fund (PPAF) is a public-private partnership that was established in 2000 with USD 90 million in funding from the World Bank and USD 10 million from the Pakistani government. PPAF provides loans, grants and technical assistance to microfinance institutions across the country. Support of the microfinance sector is part of PPAF’s broader strategy of poverty alleviation that also includes drought mitigation, education and health interventions. For the year 2012, PPAF reported total assets of PKR 27.1 billion (USD 285 million).
Sources and Additional Resources:
[1] The Express Tribune: “Crop, Livestock Insurance Launched”, http://tribune.com.pk/story/500465/crop-livestock-insurance-products-launched/
[2] Pakistan Poverty Alleviation Fund: “Financial Statement for The Year Ended June 30, 2012”, http://www.ppaf.org.pk/db/Financial_Reports/Annual%20Financial%20Statement-June%202012.pdf
MicroCapital.org story, February 28, 2012, “Pakistan Poverty Alleviation Fund (PPAF), Pakistan Microfinance Network (PMN) Launch MicroEYE Information Mapping Tool”, https://www.microcapital.org/microcapital-brief-pakistan-poverty-alleviation-fund-ppaf-pakistan-microfinance-network-pmn-launch-microeye-information-mapping-tool/
MicroCapital.org story, October 3, 2011, “Pakistan Poverty Alleviation Fund Invests in Jinnah Welfare Society Through Newly-Launched Equity Fund for Microfinance Institutions Aimed at Attracting Commercial Funding For Rural Expansion”, https://www.microcapital.org/microcapital-brief-pakistan-poverty-alleviation-fund-invests-in-jinnah-welfare-society-through-newly-launched-equity-fund-for-microfinance-institutions-aimed-at-attracting-commercial-funding-for-rura/
MicroCapital.org story, April 19, 2011, “Pakistan Poverty Alleviation Fund (PPAF), Pakistan Microfinance Network (PMN) to Launch Online Platform to Share Information on Microfinance Providers”, https://www.microcapital.org/microcapital-brief-pakistan-poverty-alleviat…
MicroCapital Universe Profile: Pakistan Poverty Alleviation Fund (PPAF), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Pakistan+Poverty+Alleviation+Fund+%28PPAF%29
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