Staff Reporter Islamabad
Pakistan’s largest digital bank, Mobilink Microfinance Bank (MMBL) has joined forces with leading global humanitarian and development non-governmental organization, CARE International in Pakistan (CIP), through a recent Memorandum of Understanding (MoU), to foster financial inclusion for small and medium businesses, especially those led by women to support their sustainable development.
President and CEO MMBL, Ghazanfar Azzam, and Adil Sheraz, Country Director, CIP signed the MoU in Islamabad, in presence of senior officials from both organizations.
The partnership will facilitate financial inclusion, and business development skills and linkages for Pakistani entrepreneurs especially women, to positively strengthen Pakistan’s economy, in line with the Government of Pakistan’s national development objectives and the National Financial Inclusion Strategy (NFIS).
Under the collaboration, MMBL and CIP will benefit from shared expertise and experiences to enhance access to finance for entrepreneurs, foster entrepreneurship development, promote mentorship initiatives, adoption of digital wallets .