The Presidents / Chief Executive Officers
All Microfinance Banks

Dear Sir,

Microfinance Credit Guarantee Facility (MCGF)

 Please refer to MFD Circular No. 01 of 2010 dated April 01, 2010 and other instructions issued from time to time on the subject.

With a view to further ease the funding constraints of the microfinance sector, SBP has henceforth decided to allow the microfinance providers to mobilize funding from non-bank sources / capital market in addition to Banks and DFIs under MCGF.

All Banks/DFIs/MFPs are advised to finalize their funding deals under MCGF and submit their cases to SBP BSC for issuance of subject Guarantee as per procedure envisaged in the guidelines attached herewith.

This supersedes all earlier instructions/guidelines issued in this regard.

Please acknowledge receipt.

Encl: Revised MCGF Guidelines