Highlights

# of Beneficiaries 170,000
Micro Credit 25,287,910 US$
Life Insurance 25,287,910 US$
Health Insurance 35,000
# of Food Package 17,000

Intercooperation & Asasah

The project “Provision of Financial Services to Weavers of Marghzar Valley”

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Islamic Microfinance

As on july 2013, Asasah Transformed from Concentional Mircofinance to Shariah Compliant Mirofinance

Islamic Microfinance

As on july 2013, Asasah Transformed from Concentional Mircofinance to Shariah Compliant Mirofinance

Introduction

Asasah was formed in 2003 as a social enterprise with the objective of being a Microfinance Institution (MFI), by a group of individuals with the idea of replicating the Grameen Bank approach as its operating model. It started distributing credit in January 2003, with the objective of improving the quality of life of financially poor and socially deprived people inter-alia providing technical assistance, training and learning opportunities to women and children, shortly after registering itself as a company under section 42 of the Companies Ordinance 1984. Asasah is the first microfinance institution who started operations with hundred percent commercial funding.