search
cross icons

Mobilink Microfinance Bank Limited (MMBL) has launched three major microfinance initiatives to financially empower women entrepreneurs and support small & medium-sized farmers in the country.

The initiatives were formally launched by VEON Group CEO, Kaan Terzioglu, during his recent visit to Pakistan.

As part of the first initiative, MMBL has launched low-cost 4G handsets for customers, especially female entrepreneurs, aimed at driving participation in the digital economy among marginalized groups within the population.

The discounted Digit 4G handsets will be available across Mobilink Microfinance Bank’s vast branch network and will come pre-loaded with the bank’s digital banking application, MMBL DOST, that will enable customers to obtain quick financial assistance, pay bills, make money transfers and use a vast array of digital banking services.

Going forward, Mobilink Microfinance Bank will be offering these subsidized 4G handsets as part of its loan portfolio.

Under the second initiative, MMBL has collaborated with Daraz to help incentivize and upskill female entrepreneurs with brick-and-mortar stores to go digital and expand their customer outreach across the country.

Under the partnership, female customers will be charged 0% commission for the first three months of their onboarding, giving them ample time to set up their businesses on the digital platform. Moreover, female sellers using Daraz will be able to open accounts digitally and apply for Mobilink Microfinance Bank loans at concessional rates.

“As a digital operator, VEON is focused on providing high-quality connectivity while building a digital services ecosystem to meet customers’ needs and transform their lives. These initiatives will accelerate financial inclusion in Pakistan, drive economic growth, and play an important role in the digitalization of the local microfinance industry,” states Kaan Terzioglu, VEON Group CEO.

The third initiative sees Mobilink Microfinance Bank provide digital agriculture advisory services for farmers, delivered through a partnership with Pakistan’s leading AgriTech company BaKhabar Kissan.

Along with financial assistance from the bank, farmers will also have access to personalized instructions for planting profitable crops, monitoring weather and land conditions, tips for effective livestock management, and tracking key agriculture and environment-related indicators to boost income and agricultural produce.

“For over 10 years, Mobilink Microfinance Bank has been playing a game-changing role in empowering marginalized and underserved communities in Pakistan. Through these initiatives, we are aiming to build a digital infrastructure that will help further the economic upliftment and financial empowerment of women business owners and small and medium-sized farmers in the country,” said Ghazanfar Azzam, President & CEO of Mobilink Microfinance.

VEON Group CEO previously met senior representatives of the government including Prime Minister Shehbaz Sharif, Minister for IT and Telecommunication, Syed Amin Ul Haque, and Minister for Finance, Miftah Ismail.

Explore More

Mobilink Bank carries out nationwide…

Micro-banking for a sustainable future

When it comes to financial inclusion,…

Climate change spurs microfinance…

Mobilink Bank’s “Change to…

Mobilink Bank Launches “Center of…

Mobilink Bank Registers a Solid Start to…

ILO recognizes MMBL’s WIN program as a…

Deploying the Power of Fintech

MMBL enters into strategic partnership…

MMBL Announces Major Policy Changes to…

MMBL to offer e-health insurance,…

MMBL Wins ‘Most Innovative…

MMBL launches Business Plus Current…

Rana Tanveer’s Incredible Journey To…

MMBL signs an agreement with IBP to…

RBI Asia Trailblazer Awards: MMBL wins…

MMBL, CIP Collaborate To Promote…

MMBL partners with foodpanda Home Chefs

University of Balochistan: MMBL…

MMBL, Digit 4G Enter Into Strategic…

MMBL secures ‘positive outlook’…

MMBL signs partnership agreement with…

MMBL celebrating ‘10 years of…

MMBL, BaKhabarKissan join hands to offer…

MMBL, IWCCI To Promote Access To Digital…

Microfinance loan disbursement rises…

MMBL, AdalFi partner to offer traders,…

MMBL’s Commercial Vehicle Loan:…

TMUC organizes Career Discovery & Job…

Samiha Ali Zahid Chief People Officer,…

MMBL honored with the ‘D&I Leader’…

Financing the Dreams of Millions of SME…

MMBL’s Financial Inclusion, Women…

Pak bank’s financial inclusion, women…

EFP organizes women empowerment seminar…

MMBL Takes Digital Banking a step with…

MMBL becomes first microfinance…

MMBL’s celebration of a milestone year…

OICCI acknowledges members for…

Mobilink Microfinance Bank Ltd. Bags…

MMBL’s Ambition for Driving Digital…

MMBL's female borrowers

MMBL wins Retail Banker International…

Mobilink Bank puts forth Policy…

MMBL signs MoU with NOWPDP

A Strategic Collaboration With Universal…

MMBL joins forces with FBTL to provide…

MMBL’s Profit Before Tax in H1 2020

Mobilink Microfinance Bank launches…

MMBL partners with IBP to launch branch…

ACCA recognises MMBL as approved…

MMBL, Teamup sign MoU to promote…

MMBL, LCCI sign agreement

MMBL secures membership of OICCI

Mobilink Microfinance Bank recognized…

Mobilink Microfinance Bank Posts Strong…

MMBL secures ‘Positive Outlook’…

TPL Trakker partners with Mobilink…

Mobilink Microfinance Bank builds…

Mobilink Microfinance Bank launches…

VEON’s Mobilink Microfinance Bank wins…

MMBL’s Humqadam Scoops ‘D&I…

MMBL expands its network – Grows to…

MMBL Partners with Opportunity…

PACRA Maintains ‘Stable Outlook’ for…