Thardeep Microfinance Foundation has signed a loan agreement of PKR 750mn with The Bank of Punjab (BOP) under the aegis of Kamyab Pakistan Program (KPP). BOP's Group Chief CIBG, Mr. Farid Ahmed Khan, and Dr. Sono Khangharani, CEO Thardeep signed the agreement.
Through this arrangement, BOP will lend Thardeep a subsidized long term loan facility amounting to PKR 750 million under the Kamyab Pakistan Program.
The National Bank of Pakistan (NBP) hosted a virtual roundtable meeting recently to discuss the issues and challenges facing the non-bank microfinance institutions (NBMFIs) and their customers as a consequence of the economic slowdown due to the Covid-19 pandemic. CEO TMF Dr .Sono Khangharani also participated the meeting.