Sunday, October 1, 2023

MMBL Creates Programs to Promote Women Entrepreneurs and Farmers

Mobilink Microfinance Bank Limited (MMBL) has run three important microfinance programs to promote small and medium-sized farmers and also women business owners.

During his recent trip to Pakistan, VEON Group CEO Kaan Terzioglu did make the plans public. To encourage underrepresented groups to join the digital economy, MMBL has released affordable 4G phones for clients, especially female entrepreneurs.

All of the branches of Mobilink Microfinance Bank sell Digit 4G smartphones at a discount. With the bank’s digital banking app (MMBL DOST) already installed. This will make it easy for customers to quickly apply for loans, pay bills, and also send money. Use many other digital banking services.

In order to better serve its customers, Mobilink Microfinance Bank will now offer loans for these 4G smartphones at a lower price. As part of the second program, MMBL and Daraz are working together to promote women Entrepreneurs. Encourage women business owners with physical locations to switch to digital sales and reach more customers all over the country.

As part of the agreement. The digital platform will not charge any commission to female customers for the first three months after they join. Also, Daraz’s female merchants will find it much easier to apply for loans from the subsidized Mobilink Microfinance Bank through digital account opening.

As a digital operator, VEON wants to meet the needs of its customers. Make their lives better by building a strong ecosystem of digital services. Kaan Terzioglu, CEO of VEON Group, says that these efforts will speed up the spread of financial services in Pakistan, and boost the economy. Help usher in a new era of digitization for the country’s microfinance sector.

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For the third project, Mobilink Microfinance Bank is working with Pakistan’s top AgriTech firm. BaKhabar Kissan, to offer digital agriculture consulting services to farmers.

Farmers are able to get personalized instructions for planting successful crops. Keeping an eye on the weather and the conditions of the land, taking good care of their animals. Keeping track of important agriculture and environment-related variables, all while getting financial help from the bank.

The Mobilink Microfinance Bank is a game-changer for poor and marginalized people in Pakistan for over a decade. Ghazanfar Azzam, President and CEO of Mobilink Microfinance, says, “Through these efforts, we want to build a digital infrastructure that will help promote the economic uplift and financial empowerment of women business owners and small and medium-sized farmers in the country.”

Before now, the CEO of VEON Group has met with high-ranking government officials like Prime Minister Shehbaz Sharif, Minister for IT and Telecommunications Syed Amin Ul Haque, and Minister of Finance Miftah Ismail.

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