Prime Minister Interest Free Loan (PMIFL)

Project Facts

Pakistan Poverty Alleviation Fund

Project Briefing

BRSP with the financial support of PPAF implemented Interest-Free Loan (IFL) Scheme in six districts of Balochistan i.e. districts Zhob, Pishin, Killa Abdullah, Kharan, Khuzdar, and Jhal Magsi. IFL scheme aims to provide interest-free loans of up to PKR 22,000 per household with a PSC score of 0 to 30. IFL provided loan to households with viable business ideas, but little or no access to banks or microcredit institutions.

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.

  • PKR 86.172 million interest-free revolving fund
  • 186 million interest-free loan disbursed
  • Provided a total of 8,718 loans