Gallup Pakistan Profile picture
Aug 19, 2020 10 tweets 5 min read Read on X
Thread on findings from Policy Note on "Access to Credit in Pakistan" authored & released by @KarandaazPK to answer questions around borrowing in Pakistan. @GallupPak provided the support in research and data analysis.

Access full note at: karandaaz.com.pk/wp-content/upl…
Incidence of Borrowing Among Pakistani Adults: The proportion of total borrowers varies significantly and ranges between 7% - 48%. As per recent readings, 35% of the respondents under Findex (2017) reported to have borrowings, while FII (2017) and A2F (2015)
report 15% and 17%.
In terms of provinces, A2F reports the highest borrowers in Sindh (37%) followed by Baluchistan (20%). In Punjab, only 12% of the respondents said to have borrowed (formally or informally) in the last 12 months. KP has the
lowest level of borrowing incidence (5% of households).
Majority of these respondents rely on store credit to buy grocery and household items, which is a common practice. The other two most quoted reasons were using credit to pay for emergency costs or for other future events.

karandaaz.com.pk/wp-content/upl…
Informal vs. Formal Credit Market: over 95% of borrowers were borrowing through informal channels. This is a result and cause of low penetration of formal financial services.

karandaaz.com.pk/wp-content/upl… @KarandaazPK
Majority of the borrowing respondents quoted three major reasons for using informal credit: i) convenient
location of the informal lender, ii) easier overall access and iii) an easy process to obtain money Image
One reason for not borrowing is lack of a credible credit history. The other two major reasons quoted by male respondents for not accessing loans are high interest rates and religious beliefs. In case of females, 23% stated that they are not even allowed to borrow. -@KarandaazPK
According to A2F, when potential borrowers were asked about key reasons behind borrowing, a
majority identified an agricultural sector related requirement. 20% needed it to buy livestock, 17% for farming goods while another 14% needed a loan to purchase farm land. -@KarandaazPK
The policy note by @KarandaazPK assisted by @GallupPak provides a number of recommendations to improve borrowing in Pakistan and encourage more formal borrowing.

These can be read in detail at: karandaaz.com.pk/wp-content/upl…

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More from @GallupPak

Oct 8, 2020
Significant majority in Pakistan want Nawaz Sharif to return to Pakistan and face courts: Gallup Pakistan Political Weather Report, September 2020

Detailed report can be accessed at: gallup.com.pk/wp/wp-content/…
Key findings:

1 in 5 Adults claim to have heard Nawaz Sharif speech to the recently held APC. This adds up to around 20 million men and women above the age of 18.

Link to report: gallup.com.pk/wp/wp-content/…
Among those who heard the speech , 33% agreed with the general point of view taken by Nawaz Sharif, a larger 39% said they disagreed and 24% said they neither agreed or disagreed.

Link to report: gallup.com.pk/wp/wp-content/…
Read 6 tweets
Sep 30, 2020
Gallup Pakistan collaborated with Pakistan Microfinance Network to estimate the potential market for #Mircofinance in Pakistan including #Credit, #savings, #payments and #insurance.

Link to report: pmn.org.pk/estimating-the…
The report provides a statistical overview of the current microfinance landscape in Pakistan & it explores three penetration levels based on data collected in the following three studies: Access to Finance Survey, Household Integrated Economic Survey & the National Poverty Report
Key Findings:

1. Based on estimation models using A2Fs 2015 data the potential market for microcredit in Pakistan is estimated to be 40.9 million for people aged between 18-65 years. Image
Read 8 tweets
Sep 30, 2020
Gallup Pakistan for the World Bank Group, conducted a #randomised #VirtualReality #experiment with 2,000 participants in #Karachi to investigate the relationship between #urban #design, #willingness to use #publicspace and #social #cohesion.
Read more: openknowledge.worldbank.org/handle/10986/3…
This study used 4 short #VR #experiences to investigate whether improvements in #urban #design elements of a #public #park would increase willingness to use it, and whether exposure to #diversity would improve #social #cohesion.
Read more: openknowledge.worldbank.org/handle/10986/3…
The #results indicate that #improving the physical #characteristics of the #publicspace is associated with an increase in the participants’ #attraction to the #park and their #willingness to use it
Read more: openknowledge.worldbank.org/handle/10986/3…
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Sep 30, 2020
What does an average #Sindh #youth look like and what does an average Sindh youth #aspires for?
Find more about the #Hopes, #aspirations and #attitudes of Sindh youth through public opinion polling conducted by Gallup Pakistan.
Full Report: gallup.com.pk/post/30514
@WVS_Survey
According to past and latest consensus by PBS, #Sindh is a #youthful #province with #young people under the age of 19 make up 50% of the #population
gallup.com.pk/post/30514
Accounting for only 23% of #Pakistan's total population, #Sindh makes up 33% of #national #GDP, 70% of country's #incometax, 62% of country's #sales #taxes, and half of country's #seafood #export.
gallup.com.pk/post/30514
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Aug 24, 2020
Findings from the Wave 7 report of the @GallupPak Coronavirus Attitude Tracker Survey aired on @92newschannel

Watch here: Image
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Read 7 tweets
Aug 21, 2020
All Economic Vulnerability indicators show improvement in W7. This doesn’t mitigate the fact that nearly all HH's experienced economic shock & those who have fallen below poverty line would need either govt. or NGO assistance to climb up.

@FinMinistryPak @Asad_Umar
Significant decline in proportion of Pakistanis who claim to have reduced the number or size of meals for some family members to cover their household's basic needs

@bilalgilani Image
Since June, significant decline in the number of households observed who report relying on less preferred or inexpensive food items to cover basic household needs in the past 7 days – 10% fall from 22% Image
Read 8 tweets

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