Pakistan Poverty Alleviation Fund (PPAF)
Established in 2000, Pakistan Poverty Alleviation Fund (PPAF) is the largest source of wholesale funds for the microfinance sector in Pakistan and lead apex institution for community-driven development in the country. Set up by the Government of Pakistan as an autonomous not-for-profit organization, PPAF enjoys facilitation and support from the Government of Pakistan, The World Bank, International Fund for Agricultural Development (IFAD), KfW Entwicklungs bank (Development Bank of Germany) and other statutory and corporate donors. PPAF aims to be the catalyst for improving the quality of life, broadening the range of opportunities and socio-economic mainstreaming of the poor and disadvantaged, especially women. The core operating units of the PPAF deliver a range of development interventions at the grassroots/community level through a network of more than 100 Partner Organizations across the country. These include social mobilization, support for livelihood, enterprise and employment, access to credit, infrastructure and energy, health, education and disaster management. PPAF holds 49% shares in PMIC.
Karandaaz PAKISTAN is a not-for-profit special purpose vehicle set up under Section 42 in August 2014. Karandaaz is the implementation partner of the enterprise and Asset Growth Program (EAGR) and Sustainable Energy and Economic Development (SEED) program of UK’s Foreign, Commonwealth & Development Office (FCDO). SEED is a grant funded by FCDO whereas EAGR is co-funded by FCDO and Bill & Melinda Gates Foundation on grant basis.
The Company has three work streams, Digital Financial Services, Corporate Investment and Credit and Knowledge Management and Communications. Karandaaz Pakistan is sponsored and governed by eminent Pakistanis, and is managed by an experienced team with core expertise in international investment management and digital finance. Karandaaz holds 37.8% shares in PMIC.
KFW Development Bank
KFW Development Bank has been helping the German Federal Government to achieve its goals in development policy and international development cooperation for more than 50 years. In this regard, we are both an experienced bank and a development institution with financing expertise, an expert knowledge of development policy and many years of national and international experience. On behalf of the German Federal Government, and primarily the Federal Ministry for Economic Cooperation and Development (BMZ), we finance and support programs and projects that mainly involve public sector players in developing countries and emerging economies – from their conception and execution to monitoring their success. Our goal is to help our partner countries fight poverty, maintain peace, protect both the environment and the climate and shape globalization in an appropriate way. KfW holds 13.2% shares in PMIC.