Where there are challenges there are also numerous opportunities for growth of microfinance businesses. SBP and the Government of Pakistan are committed to increasing outreach and facilitating the development of the microfinance sector. To kick start real action, SBP with industry developed a Microfinance Strategy which was adopted in 2007.
This strategy has set growth targets of increasing the numbers of microfinance borrowers to 3 million by the end of 2010 and 10 million by 2015. 2. The microfinance outreach increased by 47% at the end of December 2007 and by 13% as of September of 2008 as the concept of commercialization or for-profit microfinance business started to permeate.