Prime Minister Interest Free Loan (PMIFL)

BRSP, under an agreement with PPAF, has been implementing a four-year programme, to provide productive micro-loans to the doorsteps of the poor and the destitute for the socio-economic empowerment, in 15 UCs of Zhob, Pishin, Killa Abdullah, Khuzdar, Jhal Magsi and Kharan districts. The access to financial resources will leverage local investments in livelihoods and enterprise development. The programme will reach out and embrace the resourcefulness and integrity of local community institutions in rural areas and the urban periphery, so that these can work closely with the Government to address and overcome poverty in their own areas.

The specific objectives of the PMIFL Scheme are as follows:

  1. Make Interest Free Loans (IFL) available to men, women and youth from poor, vulnerable and marginalized households, not yet tapped by the microfinance sector, so that they may engage in productive economic activities that will improve their lives and allow them to positively contribute to the economy.
  2. Establish and/or strengthen Urban and Rural Branches, and/ or Union Council based Community Loan Centers, capable of assessing, distributing and recovering Interest Free Loans to those households on a Poverty Scorecard of 0-40.
  3. Support female participation and inclusion in economic activities, by disbursing at least 50% of the loans to women and PWDs.
  4. Encourage behavioural change by demanding loan beneficiaries to ensure specific health and education practices.

Enhance the entrepreneurial competencies amongst loan beneficiaries by extending services as a PLUS dimension of the Scheme, e.g. enterprise training and counseling, market linkages, financial literacy and numeracy training.

The details of achivements, as of March 2018, are as under:

No. of IFL Loans disbursed

6,777

No. of loans completed

1,989

Disbursed Amount

143,461,900

Recovered Amount

68,872,596

Outstanding Amount

74,589,304


Programme/Project Donor

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For Grievances/Complaints

Mr. Muhammad Asim

Senior Manager Finance

Balochistan Rural Support Programme

Email:   m.asim@brsp.org.pk

Tel:   +92- 81 2471437-9

Ext:   104



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