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Technology

TMB and Pakistan Bait-ul-Mal sign MoU

Telenor Microfinance Bank (TMB), Pakistan's leading microfinance bank and Pakistan Bait-ul-Mal signed a Memorandum of Understanding for the promotion of financial knowledge in women of the country. Under the agreement, the Bank will train women on the bas

Telenor Microfinance Bank (TMB), Pakistan's leading microfinance bank and Pakistan Bait-ul-Mal signed a Memorandum of Understanding for the promotion of financial knowledge in women of the country. Under the agreement, the Bank will train women on the basics of performing various financial transactions through digital and conventional channels as well as accessing credit services hassle-free.

This partnership is part of a series of developments taking place under the Women Empowerment Centre, a Pakistan Bait-ul-Mal initiative which provides deserving women with knowledge about various life skills. The first phase of trainings will begin in 12 centres across four cities in Pakistan.

Mohammad Mudassar Aqil, President & CEO, Telenor Microfinance Bank, expressed his opinion on the occasion: "The role of women in society is becoming increasingly diversified. Despite their contributions, a significant chunk still lacks the necessary knowledge to handle financial transactions.

A big part of women in rural and even urban areas are limited by the resources at their disposal and prevailing mindset in society.

This collaboration is another step in Telenor Microfinance Bank's vision to bring financial inclusion to the underserved by imparting practical knowledge to individuals who are unable to acquire it on their own."-PR

Copyright Business Recorder, 2019

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