FLASHNEWS:

PACRA Assigns Initial Social Impact and Performance Rating to CSC Empowerment and Inclusion Programme

Lahore, December 13, 2022 (PPI-OT):CSC Empowerment and Inclusion Programme’s (‘CEIP’ or the ‘Company’) goal is to provide microfinance to underprivileged households in Pakistan with an emphasis on financial inclusion and empowerment of women and the youth. CEIP approaches its clients to have success stories and clients’ voices heard; however, CEIP may further add to this practice and compile the information gathered in the form of a social performance dashboard indicating the targets and achievements pertaining to social impact.

A proper grievance redressal mechanism is in place with board-approved policy; however, the client grievance reports may be presented to the board at least annually. Going forward, the rating is dependent on management’s ability to raise funds and enhancement of market share. CEIP’s commitment to its social objective and action on the same will be important for the assigned rating.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com