A Memorandum of\nUnderstanding (MOU) was signed between Khushhali Microfinance Bank Limited\n(KMBL) and International Finance Corporation (IFC) for a transformation program\nthat will extend over two years. The essence of this project is to empower\nfarmers through digital-agri transformation program that will extend over two\nyears. The project is being undertaken\nto empower farmers through digital agri-finance solutions and expand outreach\nto new rural microfinance customers in Pakistan. <\/p>\n\n\n\n
The project will comprise\na segmentation approach which will drive the Bank\u2019s market strategy by\ndelivering relevant product concepts. \nThe project will leverage data from both Khushhali\u2019s existing customer\nbase & external sources. IFC will\nhelp develop a digital solution for streamlining processes and nimble credit\ndecisions. The project will also address\nwith potential value change collaboration possibilities <\/p>\n\n\n\n
President Khushhali\nMicrofinance Bank Ghalib Nishtar, while talking about the project said, \u201cIt is\ntruly exciting to be working with IFC to realize our joint goals of reaching\nthe rural customers by leveraging digital technology and is part of our\ncommitment to financial Inclusion\u201d. <\/p>\n\n\n\n
Regional Manager \u2013 Advisory Services at IFC, Qamar Saleem, also remarked about the initiative, \u201cProjects like these help unlock new opportunities for the unserved rural population to access financial services while allowing microfinance sector to adopt innovative technologies such as digital processing, value chain finance, and data analytics.\u00a0 Partnering with KMBL, the market leader in Agri and rural lending, is a privilege for IFC where we can leverage our global experiences and expertise to create new markets enhance inclusion for underserved market segments and accelerate growth avenues for overall economic growth and job creation\u201d.\u00a0\u00a0 <\/p>\n\n\n\n
IFC is a leading\ndevelopment finance institution and functions as part of the World Bank Group\nto spur private sector activity through investment and advisory across the\nGlobe. IFC has played a leading role in\nsupporting Agri-digital practices by collaborating with selected practitioners\nthat can help towards the cause of finance inclusion. <\/p>\n\n\n\n
Pakistan\nis a priority country for IFC. During the last three years, IFC has ramped up\nits investments and advisory services work in the country- with current\ninvestment commitments of USD 1.2 Billion, to support the development of\nPakistan\u2019s private sector. The organization has focused on mobilizing\ninvestments in power and infrastructure, and providing access to finance to\nmicro, small and medium enterprises through financial intermediaries. <\/p>\n","protected":false},"excerpt":{"rendered":"
A Memorandum of Understanding (MOU) was signed between Khushhali Microfinance Bank Limited (KMBL) and International Finance Corporation (IFC) for a transformation program that will extend over two years. The essence of this project is...<\/p>\n","protected":false},"author":6,"featured_media":7117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[181],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/posts\/7116"}],"collection":[{"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/comments?post=7116"}],"version-history":[{"count":1,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/posts\/7116\/revisions"}],"predecessor-version":[{"id":7118,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/posts\/7116\/revisions\/7118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/media\/7117"}],"wp:attachment":[{"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/media?parent=7116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/categories?post=7116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.digitaldips.pk\/index.php\/wp-json\/wp\/v2\/tags?post=7116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}