Pact Global Microfinance Fund (PGMF) was founded in February 2012, as an outgrowth of Pact's 15 years of microfinance operations in Myanmar. With a loan portfolio close to $214 million USD, PGMF today manages over 84 percent of the NGO-provided microfinance in Myanmar. Since 1997, PGMF's microfinance operations have reached 1,659,726 individuals, over 98 percent of whom are women, in 14,029 villages from 79 townships. PGMF's approach utilizes a two-pronged strategy that consists of 1) facilitating access to microfinance services for the poor using a group lending methodology, and 2) stimulating small business ventures through a range of basic small business development support services.