Pak Oman Microfinance Bank reaching out to needy

ISLAMABAD—Pak Oman Microfinance Bank is not only contributing significantly in reducing poverty but also focusing on a triple bottom line strategy - achieving outreach. Handing over approved loan cheques to deserving persons in a ceremony held at Gwadar, President and Chief Executive of the Bank, Ozair A. Hanafi said the Bank is extending support with the objective of reaching out the needy and alleviating poverty in remote areas of the country. He said the bank works in rural and urban areas as a trusted partner by fostering trust, confidence and building long lasting relationships with customers. The CEO announced to introduce new products to suit the needs of the borrowers in months to come. He said Pak-Oman Microfinance Bank in a short time has embarked on an ambitious outreach programme designed specifically to meet the challenging needs of rural population and to work towards poverty alleviation in Pakistan. The core focus of the bank is to provide small loans with a term ranging from 3-12 months in the following segments: micro business loans, micro agro loans, livestock loans and micro asset loans.—Agencies