In a recent board meeting, the management team of PMIC received commendations from the Board for their exceptional financial performance despite the prevailing challenging macroeconomic conditions. The company’s resilience in navigating through the economic turmoil highlights its commitment to sustaining financial inclusion and fostering responsible lending practices for sustainable economic growth.
PMIC, operating through a network of 26 borrowing institutions, boasts a robust client base exceeding 725,000 individuals. This emphasizes its dedication to promoting financial inclusion across diverse segments of society. Noteworthy is PMIC’s significant support for women-led ventures, with 86% of its portfolio allocated to such enterprises. Additionally, 36% of PMIC’s initiatives are directed towards youth empowerment, while 64% are aimed at fostering rural development.
Expressing gratitude, both the Board and the Management of PMIC extend their sincere thanks to various stakeholders including shareholders, regulators, borrowers, development agencies, commercial banks, lenders, and clients. Their unwavering support has been instrumental in PMIC’s mission towards advancing financial inclusion throughout the country.
Conclusion:
PMIC’s commendable performance amidst economic adversity underscores its pivotal role in promoting financial inclusivity and sustainable economic growth. With a strong emphasis on empowering women, youth, and rural communities, PMIC continues to set a benchmark for responsible lending practices in the financial sector.
