Pakistan Microfinance Investment Company Limited (PMIC) is registered as an Investment Finance Company under NBFCs regulations with Securities and Exchange Commission of Pakistan (SECP). It is setup jointly by, Pakistan Poverty Alleviation Fund (PPAF), Department for International Development (DFID) through Karandaaz Pakistan and the German Development Bank (KFW). PMIC currently has a loan portfolio of more than PKR 20 billion in 65 districts of the country, which comprises of 86% women borrowers and 55% of the portfolio is deployed in the rural areas. The purpose of the Organization is to improve financial inclusion, employment and well-being of the poor by providing wholesale financing to the micro-finance service providers in the country.
Pakistan Microfinance Investment Company (PMIC) has officially kick started its journey towards digital transformation in partnership with SAP Pakistan & TallyMarks Consulting. This Kick-Off ceremony marks the start of the implementation of SAP S/4HANA & TRM automating the following business functions:
- Treasury & Risk Management
- MF Plus
PMIC provides financial and institutional services to strengthen and scale-up provision of sustainable and responsible access to finance to individuals, micro-entrepreneurs and micro-enterprises in Pakistan to enhance employment and income opportunity for economically poor and under-served citizens to improve the lives of the poor. Through the SAP S/4 HANA platform, PMIC will be able to ramp up its ability to serve its partners, beneficiaries and the communities at large.