Awards And Recognitions

 

Awards And Recognitions

Year Milestone
2017
  • Three FMFB clients won Regional Awards at the 11thCiti-PPAF Micro Entrepreneurship Awards.
2016
  • JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of The First MicroFinanceBank Ltd (FMFB-P) from “A/A-1” (Single A/A-One) to “A+/A-1” (Single A Plus/A-One). Outlook on the assigned ratings is “Stable.”
  • Five clients of FMFB-P won National and Regional Awards at the 10th Micro-entrepreneurship Awards organized by Citi Foundation & PPAF.
2015
  • Four FMFB-Pakistan’s clients awarded National and Regional Awards at the 9th Micro-entrepreneurship Awards organized by Citi Foundation and PPAF
  • FMFB-Pakistan was awarded the approved employer accreditation by ACCA (the Association of Chartered Certified Accountants
2014
  • FMFB-P was awarded the MF Transparency Seal of Pricing Transparency.
2013
  • FMFB-P’s client awarded National Award for Micro Entrepreneurship organized by Citi Foundation and PPAF.
2012
  • FMFB-P’s clients awarded National & Regional Awards for Micro Entrepreneurship organized by Citi Foundation and PPAF.
2011
  • Achieved a credit rating of A1 (short term) and A (medium to long term) again as announced by JCR-VIS.
2010
  • Awarded a certificate of recognition in the silver category for reporting on social indicators to the Microfinance Information Exchange (MIX) for two consecutive years by CGAP.
  • FMFB client awarded National Award for Micro Entrepreneurship organized by Citi Foundation and PPAF.
  • FMFB-P’s initiative of collaboration with Pakistan Post was presented at the Asia Microfinance Forum in Colombo, Sri Lanka.
2009
  • A collaborative agreement was signed with the Harvard University for social performance research.
  • A social rating evaluation funded by IFC was carried out by M’Cril – an independent credit rating agency.
  • FMFB-P’s initiative of collaboration with Pakistan Post was shortlisted for the 2nd European Microfinance Award and was published in the European Dialogue, Number 2, November 2009.
2008
  • Ranked 7th amongst the top 100 MFIs of the world in the 2008 MIX Global 100 Composite Rankings.
  • FMFB launches its products through the Pakistan Post Office outlets.
2007
  • Ranked 14th amongst the top 100 MFIs of the world in the 2007 MIX Global 100 Composite Rankings.
  • Initiated a unique partnership with the Pakistan Post for increasing its outreach to remote areas.
2006
  • Awarded the top “Financial Transparency Award 2006” by CGAP and was the only MFP in Pakistan to get this award for two consecutive years.
  • FMFB-P presented its work and exerperiences at seven University Seminar Series in Canada.
2005
  • FMFB-P became the only MFP in Pakistan to become a member of the prestigious global Microfinance Network (MFN).
2004
  • Awarded ‘5-Diamond’ Status for its high level disclosure on the MIX, CGAP’s (World Bank Affiliated) web portal.
2003
  • Received the short term credit rating of A1+ and medium to long term rating of A+ by JCR VIS – This rating was maintained for 5 consecutive years.
2002
  • The FMFB-P was inaugurated in the presence of His Highness the Aga Khan and President of Pakistan