Sindh Microfinance Bank

Sindh Microfinance Bank (SMFB) started its operations in May 2016 as a provincial level microfinance bank. Since then SMFB has grown sustainably with profitable operations from very beginning. To date the Bank has disbursed more than 100k loans in excess of Rs. 2.5 billion to women entrepreneurs through its 75 locations covering almost all of Sindh Province.

Due to SMFB’s strong performance indicators and low default ratios, the Pakistan Credit Rating Agency (PACRA) assigned the initial entity ratings of A- for the long term and A2 for the short term which in PACRA’s perspective captures the strength of SMFB as a growing institution in the microfinance sector.

SMFB’s key achievements so far have been as follows:

  • Profitable from very 1st year of operations
  • 100% women loan clientele
  • Over 80% rural financing
  • More than 100k loans disbursed
  • The lowest per borrower cost in the industry