FINCA microfinance bank limited, one of the fastest growing microfinance banks in the country launched its branch operations in two new cities in the country. The new branches in Yazman (Bahawalpur district), and Kot Addu (Muzaffargarh district), will improve access to financial solutions for micro entrepreneurs and unbanked communities in the area.
The expansion comes as part of FINCA’s purpose to provide responsible and impactful financial services to enable micro, small entrepreneurs and low-income communities to invest in their futures. This addition brings the total number of branches in FINCA Pakistan’s network to 115, in over 104 cities, making progress on our mission to alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living.
Commenting on the occasion, Zar Wardak, VP & Regional Director Middle East and South Asia at FINCA Impact Finance & Chair of FINCA Pakistan’s Board of Directors said,“Pakistan has been one of our strongest markets and we’re always excited to increase our outreach in the country, to serve a greater number of communities. We at FINCA Impact Finance are fully committed to further strengthening the FINCA brand in Pakistan, and making it synonymous with an organization that earths unconventional yet highly impactful solutions to address the wide gap between the supply and demand of financial services in the country.”
FINCA Pakistan’s COO, Shahid Hosain Kazi, remarked, “I am delighted that FINCA has reached 115 branches in Pakistan as it demonstrates our commitment to expand outreach in order to meet the needs of a wide consumer base that is still financially excluded. Through increased financial provision, more people will be able to borrow to scale up their small businesses, save for important household occasions, and conduct their everyday transactions with remarkable convenience.”
The bank is also a strong proponent of technology driving nationwide financial inclusion through easy access to banking services such as FINCA’s digital mobile wallet “SimSim”. Through SimSim, any potential customer can open a wallet with FINCA microfinance bank in one minute and unlock a suite of transaction that he or she can do remotely from the comfort of their homes.