The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Pakistan Microfinance Investment Company (PMIC) at ‘AA’ (Double A) and ‘A1+’ (A One Plus), respectively. The rating reflects a strong equity base, well-conceived business plans and a strong ownership structure.

The ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments, which is not significantly vulnerable to foreseeable events.

PMIC, incorporated in 2016, is licensed to carry out investment finance services as a Non- Banking Finance Company (NBFC) under the NBFC Rules, 2003 and NBFC Regulations 2008. The strong sponsors, Pakistan Poverty Alleviation Fund (49%), Karandaaz (38%) and KfW, a German development Bank (13%), strengthen the financial profile of PMIC.