CARE International, MMBL join hands to promote financial capacity development.

ISLAMABAD -- CARE International in Pakistan (CIP), an international non-governmental organization (INGO), was collaborating with Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) to bolster the mission of promoting financial inclusion across the nation through innovative digital financial solutions.

The collaboration was powered by CIP's Ignite project, funded by the Mastercard Center for Inclusive Growth, is enabling financial and technological access for entrepreneurs, especially females. The project was part of a global collaboration between CIP and the Center for Inclusive Growth.

On the occasion, special advisor to the prime minister, Ms. Romina Khurshid Alam praised the collective efforts of both CIP and MMBL, towards fostering a synergistic approach to enhance the financial inclusion of women entrepreneurs in Pakistan.

Moreover, she indicated that women's economic empowerment was a key priority area for the government and encouraged the promotion of similar initiatives to reach the under banked segments of the population, especially women. She added that such projects continue to lend unwavering support for women's long-term financial development and the nation's economic growth.

Through this strategic partnership, CIP and MMBL aim to accelerate the financial inclusion of more than 12,000 entrepreneurs, especially females who have been running their businesses for at least two years and have employed a minimum of 2-10 staff members.

Enhancing access to credit and subsidized loan products help scale their operations considerably. In addition, the collaboration would also support the capacity building and mentoring of these budding entrepreneurs with a focus on the use of digital technologies.

Addressing the audience, President and CEO of MMBL, Ghazanfar Azzam, said, 'There are about 100 million unbanked people in Pakistan, and at least 82% of them are women. Women, in particular, lack access to formal digital financial services, making it...