Women Microfinance Credit Guarantee Facility

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ACFID Circular No. 01

Women Microfinance Credit Guarantee Facility

September 04, 2026

47287

The Presidents/CEOs

All Banks and Development Finance Institutions (DFIs)

Dear Sir/Madam,

Women Microfinance Credit Guarantee Facility

As part of its commitment to advancing gender-inclusive finance, the Federal Government has launched Women Inclusive Finance Sector Development Program (WIFSDP) to improve women entrepreneurs’ access to finance and representation in the economy. The program includes components such as policy reforms, credit line facilities, and Women Microfinance Credit Guarantee Facility (WMCGF). The Program is expected to contribute significantly in improving women entrepreneurs’ access finance and thus to the development of a more inclusive financial sector. To operationalize the WMCGF, the Federal Government has established the Women Inclusive Finance Support Fund (WIFSF) Trust, with SBP as Trustee. The Trust will manage the existing credit lines under the WIFSDP as well as the Women Microfinance Credit Guarantee Facility (WMCGF). Under the WMCGF, banks’ and DFIs’ financing to NBMFCs and NBFCs for on-lending to women entrepreneurs will be guaranteed up to 25% of the portfolio on first loss basis, enabling these institutions to secure much-needed liquidity from banks and DFIs. The operational details, eligibility criteria, and reporting requirements are provided in Annexure-I, Annexure-II, and Annexure-III, respectively. The banks/DFIs are encouraged to submit applications to SBP as per the details given in Annexure I for the allocation of guarantee limits in accordance with terms and conditions of the Scheme within 30 days of the issuance of the Circular. Please acknowledge receipt.

Enclosed:

Annexure-I: Terms & Conditions of the WMCGF

Annexure-II: Environmental & Social Management Framework (ESMF)

Annexure-III: Templates on Undertaking, Claim Submission, and Reporting

Yours sincerely,

Abid Qamar Director

Home — Circulars — ACFID Circular No. 01

Women Microfinance Credit Guarantee Facility

September 04, 2026