SSF Origin and Registration
Safco Support Foundation (SSF) is a Non-Banking Finance Company (NBFC) licensed to carry out Investment Finance Services as NBFC by SECP under NBFC rules & regulations, 2015. Before, it was public company limited by guarantee registered under section 42 of the Companies Ordinance 1984, established in May 2009.
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Safco Support Foundation (SSF) originates from Sindh Agricultural and Forestry Workers Coordinating Organization (SAFWCO) which is a non-government and not for profit organization established in 1986 and registered in 1993 under the Societies Act XXI of 1860. After 25 years of delivering social development services and financial access to destitute of rural Sindh through integrated development approach, the Board of SAFWCO realized that immense technological and economic development has changed the scope of financial services. Microcredit and savings started by NGOs in eighties have moved to the next phases where financial inclusion, micro-insurance and many other innovations has broadened the scope of financial services and now Safco is serving as public company as specialized microfinance institution (MFI).
In the last seven years, SSF restructured itself to demonstrate how blend of service delivery and advocacy can help the organization become financially sustainable at operational level. Having completed years of development collaboration with client communities and public sector organization, SSF is looking towards building the micro finance operations into a banking system for the people, in coming years. SSF is providing services in rural as well as in urban areas of Sindh province/state of Pakistan and is currently operational with 35 branches in five districts of Sindh province/state of Pakistan. Learning from experiences and achievements, SSF understands challenges like competition, funding, outreach and sustainable operations that can be achieved through focused and targeted microfinance operations. SSF ensures efficient and effective systems and procedures that best incorporate institution's learning and experiences in line with international and local best practices so that recipients of SSF financial services are best served.
To be the leading financial instititute who provides excellent microfinance services to unbanked enterprenures and productive poor families in order to create benefits for clients, shareholders and society.
To reach unbanked and low income communities; with financial and business solutions, in a socially, economically and environmentally sustainable approaches, through the efficient use of capital, technology and human resources.
Improve in-depth outreach of the program
Expansion in the existing operational areas
Reduce operational cost for the sustainability
Improve the quality of wider range of micro finance services in the rural areas
Improve follow-up of the clients for strong relationship for enterprise counseling
Increased number of financially sustainable microfinance approaches pilot and program up-scaling