Microfinance


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Microfinance

Any mode of finance designed to provide low-income individuals with the means to become self-sufficient.  Microfinance institutions issue small loans to those marginalized from normal modes of finance with the intention of helping the poor prosper by allowing them to save or borrow money. See: Microcredit
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Mudassar has been actively involved in the banking and microfinance industry.
The Board warmly welcomes Mudassar and is confident that the bank will continue to thrive and lead the microfinance and digital financial services sector in the country.' Commenting on his new appointment Mohammad Mudassar Aqil said, 'I am extremely thankful to the Board for providing me the opportunity to lead this prestigious organization and work towards greater financial inclusion in communities across Pakistan.
In terms of the share to total microfinance loans, Calabarzon region or Cavite, Laguna, Batangas, Rizal and Quezon cornered 72.3 percent or P16.35 billion of the total loans and 78.9 percent or 1.56 million of the total borrowers.
Digital Services Platform will enable Microfinance Providers (MFPs) to ride on the rail road of Digital Financial Service Providers with the twin objectives of increasing accessibility for clients and brining efficiency through available distribution channel.
DSP will be integrated with Telenor Microfinance Bankfor its agent network for disbursement and repayment transactions.
Our aim is to create a network effect that transforms the way we have been working and move towards digital transactions at the chabriwala level' Aslam Hayat, acting CEO, Telenor Microfinance Bank commented, 'Telenor Microfinance Bank (TMB) aims to enable the underserved people of Pakistan to transform their lives, by creating a digital ecosystem, whereby mobile wallets become a central platform, which will help achieve economic empowerment and rapid growth.
Given the changing customer expectations during this fast paced digital transformation in the banking sector, Khushhali Microfinance Bank realizes the need to provide prompt, reliable and quality customer service across all touch points.
U Microfinance Bank plans to utilize these funds in its business operations and expansion plans.
Speaking at the Microfinance Conference 2018 on Thursday, SECP Executive Director Aamir Khan pointed out that being a member of the United Nations, Pakistan was committed to achieving the Sustainable Development Goals, including the eradication of poverty.
The conference was organized by the National Association of Microfinance Market Participants (NAUMIR) and the Russian Microfinance Center.
The new strategic partnership with TPS will see Khushhali Microfinance Bank leverage the capabilities of IRIS card management and transaction switching platform.
Karachi -- Khushhali Microfinance Bank Limited signed an agreement with 1LINK (Guarantee) Limited (1LINK), the largest switch in Pakistan to facilitate its customers with digital banking services.