VEON s Mobilink Microfinance Bank wins prestigious Diversity & Inclusion CSR Award
Humqadam sustainability initiative provides individuals with disabilities digital and financial skills for the corporate world
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AMSTERDAM, Feb. 22, 2021 /PRNewswire/ VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that its digital bank in Pakistan, Mobilink Microfinance Bank (MMBL), has won a CSR award as a Diversity & Inclusion Leader for its Humqadam initiative at the 10th Annual CSR Summit in Pakistan.
Humqadam, MMBL s flagship sustainability initiative, helps people with disabilities develop essential digital and financial skills to support them in the corporate world. Humqadam trainees are given the opportunity to work across multiple MMBL departments based on their skillsets. During this rotation, they undergo an intensive three-month training programme,
MMBL’s Humqadam Scoops ‘D&I Leader’ CSR Award at the 10th Annual CSR Summit
>Karachi – February 04, 2021: Mobilink Microfinance Bank (MMBL), the largest digital bank in Pakistan, won a CSR award in the category of “Diversity & Inclusion Leader” for its Humqadam initiative. Sana Tariq, Chief Legal & Corporate Affairs Officer, Company Secretary, MMBL, and Mohammad Ali Ibrahim, Head Corporate Communications & Sustainability, MMBL, collected the award at the 10
Humqadam, a flagship sustainability initiative of MMBL, offers a unique learning opportunity to differently-abled people to acquire essential digital and financial skills to empower them to excel in the corporate world. Humqadam trainees are placed across various MMBL departments based on their education and skillsets where they undergo an intensive 3-month training program, execute projects, and receive dedicated mentoring from team leaders.
MMBL Partners with Opportunity EduFinance to Increase Access to Education through School Financing
Mobilink Microfinance Bank (MMBL), the largest digital bank in Pakistan, has partnered with Opportunity International EduFinance to increase access to education through school financing that links all Pakistani non-state schools to affordable capital.
The tailored school improvement loan product will be offered through MMBL’s expansive branch network across Pakistan and will equip non-state school owners with financing options to build new classrooms and infrastructure, source necessary ICT and safety equipment, and actively invest in improving the quality of education and learning environment of their schools, despite the difficulties brought on by the COVID-19 pandemic.
PACRA Maintains Stable Outlook for Mobilnk Microfinance Bank propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Mobilink Microfinance Bank (MMBL), the largest digital bank in Pakistan with over 700,000 traditional individual and micro-enterprise loans disbursed, alongside more than 3,300,000 digital nano loans disbursed till Nov 2020, and 10 million-plus active JazzCash digital wallets, has been recognized by PACRA, Pakistan’s leading Credit Rating Agency, as maintaining a ‘Stable Outlook’ and additionally, has not been listed on the agency’s Watchlist, as per credit assessments concluded recently.
MMBL is the only microfinance bank in the industry to have garnered this combined recognition from PACRA. The rating further recognizes MMBL as scoring an “A1” short-term rating and an “A” long-term rating. The agency carries out these credit assessments bi-annually.