MMBL, iConsult to advance financial inclusion in merged districts

News Desk

ISLAMABAD: Mobilink Microfinance Bank Limited (MMBL) and International Consulting Associates (Pvt.) Ltd. (iConsult) have inked a memorandum of understanding to broaden the horizon of financial inclusion for the residents of South Waziristan, North Waziristan and Khyber districts.

According to a press release issued here on the other day, the partnership endeavors to bolster the financial well-being of individuals and communities living in these regions by augmenting their access to a diverse range of financial services. This initiative is a part of the USAID-funded FATA Economic Revitalization Program (FERP), facilitated by the United Nations Development Program (UNDP), which strives to promote economic growth in merged areas by creating a favorable environment for businesses, strengthening the entrepreneurial ecosystem and enhancing the private sector’s ability to drive inclusive growth.

Under this agreement, MMBL and iConsult will be dedicated to advancing both the financial inclusion and gender equality through a two-pronged approach. In this regard, iConsult will focus on mobilizing and facilitating individuals to open bank accounts and access financial services, while MMBL will offer women opportunities to enhance their skill sets, gain hands-on experience and improve their financial literacy through tailored upskilling programs.

Sharing her thoughts at the signing ceremony Najia Naqavi, Chief Service Quality MMBL said, “The social complexities surrounding financial independence and facilitation are not overlooked but duly considered by our teams, helping us in creating meaningful and customer-centric solutions for our ever-growing customer base. This collaboration would facilitate increased access to financial services for all, enabling individuals to grow their businesses, create jobs and contribute to a positive change in their communities.”

Kashif Maqbool Sehgal, the Regional Head of iConsult for KP stated, “We are proud to collaborate with Mobilink Microfinance Bank Limited to enhance financial well-being in merged areas. We understand the challenges that come with limited financial services access, and we are committed to provide solutions that support individuals and communities in these regions.”

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