Karachi: To ensure financial inclusion and strengthen microfinance sector, Pakistan Microfinance Investment Company (PMIC) and Qarar Consultancy (Qarar) will roll out credit scoring model for microfinance sector under PMIC’s Challenge Fund-Round II. Qarar is partnering with an MFI and Credit bureau to access client level data for development of first-of-its-kind model in Pakistan’s microfinance sector. Once application is developed and fine-tuned after testing and pilot phases, PMIC and Qarar will establish its availability for microfinance sector to adopt.

Yasir Ashfaq CEO of PMIC iterated PMIC’s commitment to financial inclusion and social impact in country. Challenge Fund is part of strategy to build new institutions and models that would accelerate access to finance for underserved segments of country.

Riaz Jassat Chief Commercial Officer Qarar said, “Our partnership with PMIC is significant milestone for Qarar as we continue to provide cutting-edge software, products and services for decision making.”  “We are excited about our partnership with PMIC, as it reinforces our commitment to serving needs of microfinance providers in Pakistan, Junaid Khatri Regional Sales Director, Qarar Consultancy said.

Published in The Daily National Courier, April, 12 2023

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