Sequentially, some sponsors promoted a number of foundations e.g. the Kashf Foundation program modeled along the Grameen Bank of Bangladesh, the Taraqi Foundation and the Damen Foundation.
Other major initiatives include setting up of donor led apex arrangements such as the Pakistan Poverty Alleviation Fund (PPAF) and the Microfinance Sector Development Program (MSDP) which promotes the development of the microfinance policy framework while funding select institutions through foreign exchange credit lines.