The MF ordinance has been amended last year to ensure that minimum loan size being offered by MF be raised to Rs150,000 to allow providers to service MF business requirement and now MF are allowed to engage in remittances businesses. Banks are allowed to lend to small and medium enterprises clean i.e.
without collateral up to Rs3 million and now SBP is considering broadening it to include small enterprises. In parallel, there are several initiatives to extend financial services to small borrowers.