Lahore School of Economics

A distinguished seat of learning, teaching and research

Microfinance sector in Pakistan

Mudassar Aqil, the President of Kashf Microfinance Bank visited the Lahore School of Economics and gave a talk to MBA students as part of the Distinguished Professional Lecture Series Program on March 8, 2012. In his talk, Mudassar Aqil discussed various aspects of microfinance sector in Pakistan. He briefed students on the history of microfinance, how microfinance institutions became banks, the system of how microfinance worked and the client basis. He also announced that Kashf Microfinance has helped generate over 180,000 jobs in the economy through their model that helped finance people from poor backgrounds.

Over the years, microfinance has grown in importance as it has helped many people from the poor background gain financial support for their entrepreneurial endeavors. Kashf Foundation was one of the first institutions to bring microfinance into Pakistan. The bank offers loans to small businesses owned by people from poor background, and not for consumption purposes, thus focusing on helping people run their businesses. Mr. Aqil spoke to the students of the Lahore School about the resilience of the clients, by narrating their success stories.

The president of Kashf Microfinance Bank advised students to have the right work ethic, passion and to be ready to get their hands dirty in order to succeed in any profession, and not just banking. [Vicky Zhuang Yi-Yin]   


posted by S A J Shirazi @ 3/12/2012 12:00:00 PM,

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