Halan Microfinance Bank aims to grow its footprint in Pakistan to tap large unbanked population
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The logo of the Halan Microfinance Bank. — Facebook/Halan Microfinance Bank Larkana Branch/File
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KARACHI: The Halan Microfinance Bank plans to open 100 branches and business units this year to increase its presence in the country’s banking sector and improve access to formal financial services for underground communities.
Currently, the bank operates 24 branches.
Egypt’s leading Fantric, MNT Haulan, received Edmuns Pakistan Microfinance Bank last year and is now planning to invest $ 10 million in 2025 to increase its image in the local market.
“Halan Micro Finance Bank, the CEO of MNT Halan and CEO of Hauln Microfinance Bank,” was now a strategic move to acquire Haulan Microfinance Bank and bring our proven technology and expertise into a new geography. “
Nichala said, “Although our current focus is to grow physically by increasing its use and improving our product offer, we are open to seeking strategic opportunities that are in line with our financial involvement mission.”
“Our aim is to measure our Pakistani operations to meet the size and impact of our Egyptian business over the next 3-4 years. In 2025, our goal is to increase our customer base to 200,000 and increase our local presence to open 100 branches and business units. He added that we have to raise our debt to $ 700 to $ 700.
“Beyond development, we are laser on financial inclusion.
Since the launch of Edwas Pakistan Microfinance Bank, more than Rs 20 billion has been distributed through 100,000 loans in Sindh province.
According to Nickel, financial inclusion is an important driver of economic growth. When businesses have access to credit, they can increase their tasks, create jobs and increase productivity. Similarly, when people can borrow, they increase their purchase power, which increases consumption and supports the growing economy.
Pakistan’s central bank aims to increase the level of financial inclusion in the country by 75 % and reduce the gender gap by 25 % by 2028. The national financial inclusion strategy for 2024-2028 reports that financial involvement in the percentage of the population of adults with a bank account was made in 2023. Account, compared to 13 million in 2018, resulting in a decrease in gender gap, which has increased from 47 % to 2023 in 2018.
In Pakistan, the fantasy sector is operating primarily through mobile applications. Central bank data shows that the total number of users accessing mobile banking apps reached 96.5 million in the first quarter of this fiscal.
“In MNT Halan, we see the Fantake as a border lace. Our technology markets are designed for scale, and Pakistan offers an interesting opportunity to advance real impact. He said,” In Pakistan, we are focusing on small business owners, salaried people, and female businessmen.
“In Turkey, we got a Tim Finance, an important factoring company that provides more than 50,000 businesses in the north of 150 million monthly millions, and we are integrated our technology to enhance our service offering in other parts. In the United Arab Emirates, we have successfully reached the earliest wages, and now we have reached the earliest wages. In less than six months, more than 100,000 users reached.
