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U Microfinance Bank, Kashf Foundation Partner to Digitize Loan Repayments and Disbursements

U Microfinance Bank Limited and Kashf Foundation have signed an agreement to digitize the loan repayments and disbursement. Through this collaboration, U Microfinance Bank will extend its channel services to Kashf Foundation for providing easy and secure loan collection and disbursements services through UPaisa Mobile wallets to its customers.

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Speaking at the occasion Kabeer Naqvi – President & CEO of U Microfinance Bank, said, “We strongly believe that collaboration between traditional microfinance and digitization is necessary to build a forward-looking financial sector geared towards serving a larger segment of financially excluded society.”

“These collaborations will become a starting point for access to credit, saving, health insurance, and much more.  We are excited about our partnership with a microfinance pioneer like Kashf Foundation which will unlock potential for both partners by streamlining services and bring efficiency and ease to the lives of the customers,” he added.

Roshaneh Zafar – MD and CEO of Kashf Foundation, said, “Increasing access to digital financial services is a powerful tool to enhance women’s economic opportunities to drive sustainable growth in the country. ”

“In this endeavor, Kashf Foundation is pleased to partner with U Microfinance Bank Limited to provide access to innovative digital solutions to socially and economically empower women micro-entrepreneurs across Pakistan. There is no doubt that promoting women empowerment leads to healthier families, prosperous communities, and a thriving economy,” she added.

This joint step will further enhance U Bank’s and Kashf Foundation’s work for financial inclusion in Pakistan.

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