FIP aims to transform the financial market through better regulation, availability of information, provision of long-term commercial financing, improving technology infrastructure and skills development. This transformation will lead to create wider livelihood opportunities through improved access to financial services for poor and marginalized groups in Pakistan.
FINCON is to partner with Coffey International Development for FIP.
As stated in the TOR the objectives of the implementation phase are to:
- provide TA in all required areas of development finance including microfinance, SME finance, rural
- Finance and low income housing;
- provide TA to set up a credit guarantee scheme to increase flow of credit to SMEs in urban and Rural areas;
- provide TA in the management of institutional strengthening fund that would assist MFIs
- restructure into MFBs and invest in strengthening systems and human resource capacity of the
- Financial sector intermediaries for efficient and cost-effective delivery of financial services to the poor; and
- Provide TA to develop a financial innovation fund for developing innovative products and delivery systems for financial services to the poor.