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Bringing Finance to Pakistan's Poor : Access to Finance for Small Enterprises and the Underserved

Author

Listed:
  • Tatiana Nenova
  • Cecile Thioro Niang
  • Anjum Ahmad

Abstract

Access to financing is now widely acknowledged as a path to meaningful economic inclusion and reduction in poverty. Policy efforts to increase access to finance in Pakistan have taken time to bear fruit, but now access is indeed expanding quickly in certain financial sectors (microfinance, remittances), albeit from a very low base. Nevertheless, policy measures cannot single-handedly increase financial access; financial institutions' willingness to expand access in Pakistan has been stinted by slow technologic advances, weak legal foundations, and unsuitable financial processes and products. Poor socioeconomic conditions, gender bias, and low levels of basic education and financial literacy remain barriers, but perhaps the single strongest driver of low demand for financial access has been income. The primary purpose of this study is to measure and describe the state of financial service provision to underserved segments of the market in Pakistan, particularly those with low incomes and small enterprises, and to identify ways to improve investment and create inclusive markets that meet the needs of underserved people and enterprises.

Suggested Citation

  • Tatiana Nenova & Cecile Thioro Niang & Anjum Ahmad, 2009. "Bringing Finance to Pakistan's Poor : Access to Finance for Small Enterprises and the Underserved," World Bank Publications - Books, The World Bank Group, number 13803, December.
    • Handle: RePEc:wbk:wbpubs:13803
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    Citations

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    Cited by:

    1. Asad K. Ghalib & Issam Malki & Katsushi S. Imai, 2012. "Microfinance and its role in household poverty reduction: findings from Pakistan," Global Development Institute Working Paper Series 17312, GDI, The University of Manchester.
    2. Kass-Hanna, Josephine & Lyons, Angela C. & Liu, Fan, 2022. "Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa," Emerging Markets Review, Elsevier, vol. 51(PA).
    3. Cynthia Bansak & Brian Chezum & Animesh Giri, 2015. "Remittances, school quality, and household education expenditures in Nepal," IZA Journal of Migration and Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-19, December.
    4. Nadia Saleem, 2010. "Adopting Inflation Targeting in Pakistan: An Empirical Analysis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 15(2), pages 51-76, Jul-Dec.
    5. Raccanello, Kristiano, 2016. "Do Microenterprises’ size and status matter to access informal finance?./ ¿El tamaño y el registro de las microempresas permite el acceso a los mercados financieros informales?," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 12(23), pages 123-152, Segundo s.
    6. Asad K. Ghalib & Issam Malki & Katsushi S. Imai, 2015. "Microfinance and Household Poverty Reduction: Empirical Evidence from Rural Pakistan," Oxford Development Studies, Taylor & Francis Journals, vol. 43(1), pages 84-104, March.
    7. Asad K. Ghalib & Issam Malki & Katsushi S. Imai, 2011. "The Impact of Microfinance and its Role in Easing Poverty of Rural Households: Estimations from Pakistan," Discussion Paper Series DP2011-28, Research Institute for Economics & Business Administration, Kobe University.
    8. Cecile T. Niang & Mihasonirina Andrianaivo & Katherine S. Diaz & Sarah Zekri, 2013. "Connecting the Disconnected : Coping Strategies of the Financially Excluded in Bhutan," World Bank Publications - Books, The World Bank Group, number 13104, December.
    9. Ghorpade, Yashodhan, 2017. "Extending a Lifeline or Cutting Losses? The Effects of Conflict on Household Receipts of Remittances in Pakistan," World Development, Elsevier, vol. 99(C), pages 230-252.
    10. Putu Geniki Lavinia Natih, 2015. "Technical Efficiency Levels of Rural Banks (BPRs) in West Java: A Stochastic Frontier Approach," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 61, pages 223-240, December.
    11. Chunling Li & Nosherwan Khaliq & Leslie Chinove & Usama Khaliq & Judit Oláh, 2023. "Consumers’ Perception of Risk Facets Associated With Fintech Use: Evidence From Pakistan," SAGE Open, , vol. 13(4), pages 21582440231, October.
    12. Yashodhan Ghorpade, 2016. "Extending a Lifeline or Cutting Losses? Conflict and Household Receipts of Remittances in Pakistan," HiCN Working Papers 236, Households in Conflict Network.
    13. Mitra, Aniruddha & Bang, James T. & Abbas, Faisal, 2021. "Do remittances reduce women’s acceptance of domestic violence? Evidence from Pakistan," World Development, Elsevier, vol. 138(C).
    14. Ghazal M. Zulfiqar, 2017. "From Kashf Foundation to Kashf Microfinance Bank—Changing Organizational Identities," Asian Journal of Management Cases, , vol. 14(2), pages 94-114, September.
    15. Alvina Fatima & Muhammad Masood Azeem & Sadia Abbas & Sultan Ali Adil, 2014. "Linkages between Services Sector’s Growth and Poverty in Pakistan," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(2), pages 225-240, September.

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