Symbiotics Investments Closed the First Local Currency Transaction in Pakistan With Kashf Foundation

Symbiotics Investments has arranged a local currency loan (Pakistani rupees) for Kashf Foundation “KF”, one of the largest non-deposit taking microfinance institution providing micro credit and micro-insurance facilities in Pakistan, via the SEB Microfinance Funds. This transaction represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan. Until recently, loans from international lenders were solely in hard currencies. 

KF is driven by its mission to deliver high quality and sustainable microfinance services to low-income families and micro-entrepreneurs, aiming to enhance their financial capabilities and alleviate household poverty in the country. With a particular focus on women, who represent 99.5 percent of its loan portfolio, KF strives to empower them to become active catalysts of social and economic change.