Advans Pakistan Microfinance Bank Limited (Advans Pakistan) and Avanza Solutions, a leading multinational IT firm, signed an agreement for enabling Alternate Delivery Channels in order to provide convenient and cost effective services to its clientele.
Advans Pakistan Microfinance Bank Limited is a part of a group operating in nine countries in Africa and Asia catering to the financial needs of MSMEs. Incorporated as a public limited company under the Companies Ordinance 1984 on April 17, 2012, Advans Pakistan was granted license by the State Bank of Pakistan on June 28, 2012 to operate as Microfinance Bank in Sindh.
The Bank endeavors to provide financial services to the less privileged/unbanked segment of the society, particularly MSMEs in helping these businesses build assets, create employment, and contribute towards economic growth.
Tariq Khan Baluch CEO, Advans Pakistan Microfinance Bank Limited said, "Advans Pakistan has a long term commitment to Pakistan and endeavors to increase its outreach to its targetted market the 'missing middle' through efficient and cost effective methodologies. In line with this strategy the Bank is embarking on Alternate Delivery Channels and partnering with relevant players to implement such initiatives. These initiatives / partnerships will help provide quality services to our clients, while helping Advans Pakistan increase its outreach."
Mahmood Kapurwala, Chief Executive Office, Avanza Solutions commented, "We are pleased to join hands with Advans Pakistan Microfinance Bank; they've done a remarkable job in terms of reaching out to poor masses. We hope to help them in achieving even greater objectives with our solutions."