KARACHI: The SBP on Wednesday issued revised Microfinance Credit Guarantee Facility (MCGF) Guidelines, offering higher risk coverage of up to 60 per cent to commercial banks, DFIs for lending to smaller microfinance banks and institutions (MFBs/MFIs).
The facility is expected to graduate smaller MFBs/MFIs to avail credit lines from commercial banks/DFIs for onward lending to microfinance clients, said a SBP press release.
MCGF is a credit enhancement facility to attract market-based and long-term finance for microfinance institutions.
Published in Dawn, January 29th, 2015
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