LAHORE – Kashf Foundation has announced successful closure of the term loan deal worth Rs 225 million with MCB Bank Limited under the Microfinance Guarantee Fund (MGF) in collaboration with the State Bank of Pakistan (SBP). Kashf Foundation,
which is considered as an industry pioneer with around three hundred thousand active borrowers, has secured a two year facility of Rs 225 million under the SBPs MGF. This credit line will help Kashf Foundation meet its funding requirements and achieve its mission of poverty alleviation for low-income houses, especially women.
MCB has played a vital hand in helping Kashf Foundation realise its mission of providing financial access to all by closing out this transaction.
