Telenor Microfinance Bank – Pakistan leading microfinance institution- entered into partnership with Thardeep Microfinance Institution recently. Thardeep is a leading nonprofit institution working for the poverty alleviation of the marginalized people in the rural areas of Sindh through safe and secure digital disbursement of credit and their repayment.
The aim of this partnership is to provide loans and make repayments in an easy and quick way, so that it can help the poor people in meeting the financial obligations. Further, it is also conceived that using the medium of Easypaisa for the disbursement and repayment of loan will make life easy for the people living in the under developed areas and it helps the unserved people to get a small share in the regular earnings. With the help of easy paisa, more people can have the financial support even in the far-flung areas of rural Sindh. These areas include: Tharparkar, Umerkot, Dadu, Jamshoro, Mirpurkhas, Sanghar, Hyderabad, Nawabshah, Naushahro Feroze, Tando Allahyar, Sujawal and Badin.
In the realm of this partnership, Shahid Mustafa-President & CEO- Telenor Microfinance Bank said, that, by taking Thardeep Microfinance nonprofit on board for the disbursement of the loans and their repayments through easy paisa medium, it can cover a major portion of marginalized people. While maintaining their stance, Telenor Bank CEO said that they have always focused on giving back to community in a way that can help them to uplift their selves from deep levels of poverty and financial deprivation. This new partnership is providing new opportunity in reaching to the maximum under privileged.
In a nutshell, Telenor-Thardeep partnership for the disbursement and repayment of loan through easy paisa medium is a big step in reaching out to the underserved people. This will not on help them in standing on their own feet but also helps the society in the long run to get rid of the financial pressure.