The Pakistan Microfinance Network (PMN), a disseminator of microfinance information with 12 microfinance institution members, plans to set up a credit bureau by the end of April 2010. The bureau will provide information on borrowers’ credit histories and lenders’ interest rates for microfinance institutions (MFIs) and banks. In another effort to increase transparency in the microfinance industry, PMN developed two benchmarking software applications, as was reported by MicroCapital earlier this month.
By Christopher Maggio, Research Assistant
About the Pakistan Microfinance Network (PMN):
The Pakistan Microfinance Network (PMN) is a network of 12 microfinance providers, which reportedly cover 90 percent of the microfinance outreach in Pakistan. PMN acts as a disseminator of microfinance information with the aim of improving the outreach and sustainability of microfinance in Pakistan.
Additional Resources:
MicroCapital’s Microfinance Universe profile: PMN
Microfinance Focus article entitled ‘Pakistan Microfinance Network to set up credit bureau’ (March 15, 2010): http://www.microfinancefocus.com/news/2010/03/15/pakistan-microfinance-network-to-set-up-credit-bureau/
MICROCAPITAL BRIEF: The Pakistan Microfinance Network (PMN) Develops Software to Benchmark Local Microfinance Industry (March 4, 2010): https://www.microcapital.org/microcapital-brief-the-pakistan-microfinance-network-pmn-develops-software-to-benchmark-local-microfinance-industry/
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