Publication Date
7-8-2011
Description
Dr. Husain went on to speak of the role of the microfinance industry in Pakistan where the distinction between the microfinance banks and microfinance institutions was deliberately designed to maintain a wedge between deposit mobilizers and social mobilizers to safeguard the poor against charlatans. The idea was to ensure that nobody but licensed deposit-takers could take money from the poor. Incidentally, he also mentioned that Pakistan was the first to make regulation for the sector. Bangladesh and India were against regulations at that stage as it was felt that regulation would hamper the growth of the sector. The State Bank view was that maintaining the distinction between banks and non-governmental organizations was important. There can, however, be a synergetic relationship between deposit-mobilizers and social-mobilizers, such as between Kashf Foundation and Kashf Microfinance Bank.
Recommended Citation
Husain, I. (2011). Delineating Roles Within the Sector. Retrieved from https://ir.iba.edu.pk/faculty-research-talks-speeches/37
Notes
Keynote Address at the Microfinance Network Roundtable held at Islamabad on July 8, 2011