Nestlé, Telenor Microfinance Bank partner to launch digital lending for farmers in Pakistan
Monday, September 11, 2017
As part of leveraging digitization to benefit its dairy value chain, Nestlé Pakistan has joined hands with Telenor Microfinance Bank (previously known as Tameer Bank) as the first FMCG to facilitate its dairy farmer base through the provision of digital micro-finance lending.
Under this program, Telenor Bank has been disbursing loans to dairy farmers digitally. The bank has pioneered one of the country’s first data driven digital method in deciding the loan limits with near instant loans. Hence, the loans are disbursed directly to the farmers via Telenor Bank’s mobile banking platform, Easypaisa mobile wallets. Under this program, Telenor Bank has disbursed PKR 7.5 million via digital means to dairy farmers supplying milk to Nestlé Pakistan.
Photo courtesy of Market Development Facility (MDF).
Source: Pakistan Observer (link opens in a new window)
- Categories
- Agriculture, Investing, Technology
