Mobilink Bank, a part of the VEON group, and Hashoo Foundation (HF) have recently inked a Memorandum of Understanding (MoU) with the shared objective of enhancing financial inclusion for Micro, Small, and Medium Enterprises (MSMEs). This strategic partnership aims to empower MSMEs. As per the MoU Hashoo Foundation will back and train the entrepreneurs and facilitate their entrepreneurial journey.
On the other hand, Mobilink Bank, as a key player in the digital operator space, is responsible for fostering the growth and success of small businesses, particularly in the evolving economic landscape. Furthermore, one of Mobilink Bank’s flagship programs, the Women Inspirational Network (WIN), focuses on reducing the gender gap in financial inclusion.
Through this collaboration, Mobilink Bank and HF will combine their individual capacity-building initiatives to hold joint events targeted at locating and turning prospective prospects into functional business project concepts. Additionally, this collaborative endeavor advances the shared objective of empowering women and MSMEs by fostering synergies that secure their growth and success.
Further, the Entrepreneurship Training Hub and Incubation Centre (ETHIC), one of the Hashoo Foundation’s trademark programs, has had a profound effect on the lives of millions of people. The foundation has received accolades for its work from across the world. It has received Clinton Global Initiatives Award, BBC Global Challenge Award, and International Forum (iF) Social Impact Prize.
Innovative projects like waste-to-money conversion in the Sustainable Methods and Resilient Technologies (SMaRT) village project are among the cutting-edge efforts used by HF to empower women. Over the course of the previous year, HF worked with numerous partners to empower over 12,000 women and men.
Also, Mobilink Bank and HF have inked a contract to build an inclusive banking ecosystem as part of their commitment to promoting financial inclusion. By utilizing the potential of digital onboarding procedures, the alliance facilitates entrepreneurs’ access to a wide range of crucial financial goods and services. The collaboration will also help Hashoo Foundation’s female recipients, who will have access to Bint-e-Hawwa via Mobilink Bank.
