{"id":1440,"date":"2024-10-26T09:04:02","date_gmt":"2024-10-26T09:04:02","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=1440"},"modified":"2025-01-15T17:09:06","modified_gmt":"2025-01-15T17:09:06","slug":"lolc-microfinance-bank-launches-pakistan-first-0-markup-gold-loan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=1440","title":{"rendered":"LOLC Microfinance Bank Launches Pakistan First 0% Markup Gold Loan"},"content":{"rendered":"\r\n

Karachi, Pakistan \u2013<\/em> LOLC Microfinance Bank (LOLC MFB)<\/a> is excited to unveil an industry-first financial product in Pakistan\u2014the Gold Loan with 0% Markup<\/strong>. This innovative offering is aimed at expanding financial access for individuals and businesses, especially those previously hesitant to engage with microfinance banks.<\/p>\r\n\r\n\r\n\r\n

\u201cWhile other microfinance banks are exploring gold loans, we wanted to offer something truly different,\u201d explained Mr. Ransilu Cooray, Product Head for Gold at LOLC MFB. \u201cOur new Gold Loan is crafted to meet the immediate financial needs of underserved segments and to support sustainable economic growth in Pakistan.\u201d<\/p>\r\n\r\n\r\n\r\n

A subsidiary of LOLC Holdings<\/a>, one of the world\u2019s largest inclusive finance groups operating in 25 countries across three continents, LOLC MFB has structured this short-term, flexible gold loan with 0% markup and no pre-termination fees. With a network of 87 branches and service centers across Pakistan, the bank is committed to enhancing financial access and helping the population move toward prosperity.<\/p>\r\n\r\n\r\n\r\n

Speaking at the launch, Chief Commercial Officer Mr. Nizar Noor Ali Momnani emphasized the group\u2019s dedication to a mission-driven approach, stating, \u201cLOLC Holdings and LOLC MFB aim to shape a secure future for communities across Pakistan, positioning ourselves as a trusted partner in times of need with steadfast reliability. Our 0% markup Gold Loan is a pioneering solution that transforms traditional lending, offering accessible credit that supports financial inclusion and drives economic progress through a customer-focused, innovative approach.\u201d<\/p>\r\n\r\n\r\n\r\n

Chief Executive Officer Mr. Farooq Rashid echoed these sentiments, underscoring the impact on Pakistan’s economy: \u201cThe future of Pakistan\u2019s economy depends on accessible financing for individuals and small- to medium-sized enterprises. Our mission is to empower underprivileged communities to overcome poverty through financial inclusion, and this Gold Loan product is a step towards that vision.\u201d<\/p>\r\n\r\n\r\n\r\n

LOLC MFB remains dedicated to advancing financial inclusion and sustainable development across Pakistan. Individuals and businesses are encouraged to explore the bank\u2019s new 0% markup Gold Loan, designed to foster economic empowerment and a brighter future for all.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Karachi, Pakistan – LOLC Microfinance Bank (LOLC MFB) is excited to unveil an industry-first financial product in Pakistan—the Gold Loan with 0% Markup. This innovative offering is aimed at expanding financial access for individuals and businesses, especially those previously hesitant to engage with microfinance banks. “While other microfinance banks are exploring gold loans, we wanted […]<\/p>\n","protected":false},"author":1,"featured_media":1441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[6],"tags":[876,402,875,746,14],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t