Karandaaz Capital

Supporting Access to Finance for Businesses
through Commercial Investments


These investments seek to establish strategic platforms i.e., entities that are essential for unlocking enabling investments in the underlying sectors. Such investments align with the mission of Karandaaz by supporting the development of a market for MSME financing. These strategic investments are only made if they are essential for Pakistan's financial architecture and if commercial, public or development capital is either not available or partially available, for setting up such entities.


Pakistan Microfinance Investment Company (PMIC)

The Pakistan Microfinance Investment Company (PMIC) is a specialized, wholesale investment finance company established by Karandaaz along with the Pakistan Poverty Alleviation Fund (PPAF) and the German Development Bank (KFW). As an apex institution, PMIC delivers solutions that have a positive social and economic impact for microfinance clients and for the ecosystem. PMIC’s wholesale lending business currently serves more than 20 borrowing institutions including microfinance providers and rural support networks.

Stories of Impact

I earn around PKR. 1,000-1,500 every day. Muslims and Christians live together in this community and we celebrate four Eids (religious festivals) in a year. In those months, I easily earn around PKR. 60,000-70,000.

Since I have started my business of selling milk, we are doing very well.

This is my own business. It offers me the freedom that I could not find in a job.

Around 800 employees work for me now. Women who were earning PKR. 1,000-1,500 a month, are now earning ten times more.

This microcredit scheme is a great help for a small farmer. It is like you would irrigate a dry land and could see the spring in a dry land. 

A woman from our village took a loan. She told me about microcredit, its benefits, and how to get the loan. I took 5 subsequent loans, starting with of an amount of PKR. 100,000 at first.

Financial Partners

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Non-profit company registered under Section 42 of the Companies Act, 2017