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Faculty of Animal Husbandry Dean Dr Mohammad Sajjad, FMFB Business Head Wajahad Malik, State Bank Chief Manager Faisalabad Division Waqas Bajwa, Registrar Mohammad Hussain, Director Financial Assistance Dr Manzoor Ahmad, Dr Tanvir Asif, Dean Food Sciences Dr Masood Sadiq Butt, Dean Sciences Asghar Bajwa and others notables attended the meeting.
The loan to the FMFB in Tajik somoni - worth US$ 1 million equivalent - will be co-funded in equal instalments by the EBRD and the Climate Investment Fund's Pilot Programme for Climate Resilience (PPCR).
The FMFB has joined the EBRD's Risk Sharing Facility (RSF), a special financing programme designed to share risk in loans provided to small and medium-sized companies.
Under the RSF, the EBRD and the FMFB signed a participation agreement of up to USD1.5m and the EBRD is expected to share up to 50 percent of the risk on individual sub-projects.
Under the RSF, the EBRD and the FMFB signed a participation agreement of up to $ 1.5 million, whereby the EBRD is expected to share up to 50 per cent of the risk on individual sub-projects.
Results also show that VGFS by FMFB help in reducing poverty.
FMFB is a major player in the microfinance banking sector having nearly a one-third share of the advances and a three-fourths share of the total deposits of the sector.
KABUL (PAN): IFC, a member of the World Bank GroupTuesday signed an agreement with the First MicroFinanceBank, Afghanistan (FMFB) to strengthen the banks capacity to introduce a product line that will address the housing needs of low- and middle-income Afghans.
Pakistan Post has earned Rs10.8609 million during the period from April to December 2017 through commission on disbursement/recovery of First Micro Finance Bank (FMFB) loan and services/space provided to the FMFB operators.
London: Loans to small and medium-sized enterprises (SMEs) in Tajikistan will be available to a greater number of domestic SMEs following the risk sharing accord between the EBRD and the First MicroFinance Bank (FMFB).
Global Banking News-May 26, 2016--Habib Bank acquires stake in FMFB
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- FMF SURG
- FMFB AFG