ISLAMABAD: Pakistan’s leading microfinance bank, Mobilink Bank, has joined hands with CARE Pakistan to empower 50,000 women through the Strive Women program.
According to a press release on Monday, under this partnership, Mobilink Bank and CARE Pakistan will invest in their financial literacy and skills development for a more equitable and prosperous society. Over the next three years, both organizations will provide 30,000 women the financial resources they need to setup or expand their businesses.
Mobilink Bank is part of the VEON group, that offers converged connectivity and digital services to nearly 160 million customers in six dynamic markets that are home to 7 percent of the world’s population.
Under this joint effort, Mobilink Bank and CARE Pakistan will provide a range of support services, including affordable loans, financial literacy training and mentorship opportunities. By addressing the challenges faced by women in business, both organizations aim to significantly encourage women’s participation in the workforce, contributing to a more equitable and inclusive economy.
Haaris Mahmood Chaudhary, Interim CEO Mobilink Bank aid Mobilink Bank is steadfast in its commitment to empowering women and fostering financial inclusion. “Our Women Inspirational Network (WIN) program has been instrumental in equipping 15,000 women with the knowledge and skills necessary to build and expand their businesses effectively,” he said.
Adil Sheraz, Country Director, CARE Pakistan, said they are excited to partner with Mobilink Bank to enhance the women empowerment and financial well-being of women entrepreneurs in Pakistan. He said rhe Strive Women program exemplifies their dedication to fostering a robust support system for women-led businesses.
“Together with our partners, we aim to create an environment where women entrepreneurs can thrive, innovate, and contribute significantly to society,” he said.
