Sindh Microfinance Bank Limited (‘SMFB’) was established in May 2016 with an aim to improve access to finance at the grass root level. To date SMFB has disbursed loans of approximately Rs.4 bn (more than 150k+ loans) through its presence in 75 locations in the province of Sindh. The Pakistan Credit Rating Agency (PACRA) has maintained the ratings of A- for the long term and A2 for the short term with a stable outlook which in PACRA's perspective draw comfort from the SMFB's sanguine liquidity, adequate profitability and low investment in non-earning assets.