Telenor Microfinance Bank Partners With Thardeep Microfinance Foundation for Advanced Disbursement of Loans

One of Pakistan’s leading microfinance institutions, Telenor Microfinance Bank, has entered into a partnership with Thardeep Microfinance Foundation (TMF), a leading Pakistani nonprofit working for poverty alleviation, for swift and secure digital disbursals and repayment of credits to the beneficiaries in rural areas of the Sindh province. Under the agreement, loan disbursements and repayments can now be conducted swiftly and securely over-the-counter through Easypaisa in marginalized districts of the Sindh province such as Tharparkar, Umerkot, Dadu, Jamshoro, Mirpurkhas, Sanghar, Hyderabad, Nawabshah, Naushahro Feroze, Tando Allahyar, Sujawal and Badin. ALSO READ Ant Financial’s Entry Will Change the Way Payments Are Made in Pakistan: CEO Telenor Bank “We have always focused on empowering and financially including the marginalized segment of the Pakistani population at Telenor Bank,” said Mr. Shahid Mustafa, President & CEO – Telenor Microfinance Bank, “We are pleased to have partnered with Telenor Bank to facilitate the people of rural Sindh in fast and hassle-free disbursal and repayment of loans,” said Dr. Sono Khangharani – CEO, Thardeep Microfinance Foundation. To ensure smooth operations, a comprehensive training session for Thardeep Microfinance Foundation field employees was also recently conducted by the Easypaisa team in Karachi. Up to 80,000 beneficiaries in the target districts will benefit from the partnership and so far 20,000 beneficiaries are targeted in the pilot disbursement. They will be converted into M-Wallet consumers.