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

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play