microfinance

Understanding the Importance of Microfinance Organizations

Tabinda Fatima5 months ago5 months ago05 mins

Microfinance organizations are groups that provide financial services to individuals who are unable to access traditional banking services. These services include small loans, savings accounts, insurance, and other financial products tailored to the needs of low-income individuals and communities. The primary goal of microfinance organizations is to promote financial inclusion by offering services to those…

Fintech MNT-Halan Expands with Advans Pakistan Microfinance Bank Acquisition

Tabinda Fatima6 months ago6 months ago05 mins

MNT-Halan, a financial technology (fintech) company based in Egypt, has purchased Advans Pakistan Microfinance Bank, although the exact terms of the deal haven’t been disclosed. Established in 2017 by Mounir Nakhla, MNT-Halan provides a wide array of financial and non-financial services such as lending, “buy now, pay later” options, e-commerce, payments, and on-demand logistics. Advans,…