Fisheries Loans

SMFB will also be present along the coastal belt of Sindh and will advance local fisherman on short durations to finance their working capital required for fishing in the Arabian Sea. The working capital requirements are usually for ice, food supply and diesel. Normally this financing is provided by the mole holder who then purchases the catch at heavily discounted rates from the fisherman and auctions the same at market rate.
By providing finance to these fishermen SMFB will be liberating them from the perpetual grip of the mole holders and enable these fishermen to obtain competitive prices for their catch in auction halls.