Number Of Microfinance Borrowers Soars To Record 8.2m – Newspaper – Dawn.COM

Based on the SBP, major beneficiaries of its debt relief scheme had been particular person borrowers, especially the ones who had taken out loans from microfinance players. Microcredit suppliers “significantly supported” their 1.7m small borrowers by extending the repayments on loans of as much as Rs121bn. SBP statistics present the approval fee for the applications from micro-borrowers requesting debt relief remained 98.9pc until the end of the scheme on March 31, 2021.

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