Islamabad
\nPakistan\u2019s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan (EFP), an apex body of employers in Pakistan that spearheads the private sector in matters of employment, industrial relations, social and economic policy.
\nEFP is also a member of the International Organization of Employers (IOE) and with its virtue an important constituent of the International Labour Organization (ILO), United Nations from Pakistan.
\nThe EFP membership was awarded to MMBL in recognition of its efforts to promote financial inclusion for all especially enabling individual entrepreneurs as well as small and medium industries in the country, particularly the ones led by women.
\nThe EFP, while notifying about the membership, applauded Mobilink Microfinance Bank\u2019s tireless efforts in scripting Pakistan\u2019s financial growth and recognized its role in revolutionizing the traditional banking system. It said the bank has led the way in empowering all segments of society, particularly women.
\nCommenting on the achievement, Ghazanfar Azzam, President & CEO, MMBL said: \u201cWe are ecstatic to be the first microfinance bank in the country to become a member of EFP.
\nThe achievement comes as a validation of the bank\u2019s extraordinary growth and innovation to lead the country\u2019s microfinance industry while digitalizing its core processes, hence creating an environment conducive to economic growth.
\nMMBL, with its diverse portfolio, is not only committed to serving the financial needs of individuals and Small and Medium-sized Enterprises (SMEs) but is also focused on empowering women entrepreneurs through its flagship initiative, Women Inspirational Network (WIN). By becoming a member of EFP, we intend to continue with our leading role in the digital banking landscape and foster economic empowerment for all.\u201d
\nAlso commenting on the development, Samiha Ali Zahid, Chief Human Resources Officer (CHRO) MMBL, said: \u201cMMBL is a market leader for women in finance and it is continuously striving to make Pakistan more inclusive, both digitally and financially.
\nWe take great pride in being one of the primary pillars of Pakistan\u2019s digital banking ecosystem, where we play a vigorous role in women empowerment; be it through initiatives on financial management or training the female borrowers. This membership is a testament to our passion for promoting women empowerment at all fronts.\u201d
\nRemarking on the occasion, the President of Employers\u2019 Federation of Pakistan, Ismail Suttar said: \u201cEmployers\u2019 Federation of Pakistan welcomes MMBL as our valued member as it upholds such integrity and values which are a major contributor in enhancing the image of Pakistan globally.
\nTo continuously work towards creating an environment that is progressive for women and encourage initiatives that not only benefit the economy but inspire the youth to have aspirations, MMBL has played a large role in facilitating aspects such as these.
\nTherefore, EFP takes a great sense of duty in showcasing the Government of Pakistan and the international stakeholders the relevance of such associations. In the times to come, we greatly look upon such entities to further promote the soft image of Pakistan, which our Federation also duly aims to acquire.\u201d
\nIn the same context, and to highlight the success stories on women empowerment in Pakistan, EFP will be hosting an event at Pakistan Pavilion, Dubai Expo 2020 on 11th February 2022 with the theme \u201cWomen of Pakistan; Leading a Change\u201d.
\nFor many years, MMBL has been facilitating SMEs and women by providing them micro-loans to engage in self-empowering projects, which enables them to generate income and substantiate their earnings.
\nThe EFP membership will further enhance MMBL\u2019s role in bringing broad-based socio-economic enablement to individuals and communities nationwide. The bank will be completing 10 years of operations in Pakistan this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Pakistan\u2019s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan (EFP), an apex body of employers in Pakistan that spearheads the private sector in matters of employment, industrial relations, social and economic policy. EFP is also a member of the […]<\/p>\n","protected":false},"author":2,"featured_media":244569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[3956,3707,4094],"class_list":{"0":"post-244544","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-efp-membership","9":"tag-mobilink-microfinance-bank","10":"tag-secure"},"yoast_head":"\n