The Soros Economic Development Fund (SEDF), a private non-profit foundation created to fight global poverty and aid in international development, has made its first grant to a microfinance institution in the amount of USD $175,000 to Tameer Microfinance Bank Ltd, Pakistan. Tameer Microfinance Bank, with 17 branches and an outstanding portfolio of USD $11 million, is the fastest growing micro-lending institution in Pakistan. They currently serve 21,000 people (21,000 borrowers and 17,000 depositors) and are projected to reach 750,000 in five years. Rating and other financial information was unavailable. Tameer Microfinance Bank does not report to The MIX Market, the microfinance information clearinghouse.
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