Job creation through microfinance

Saturday July 04, 2009

LAHORE: Personnel from US State Department, USAID, and US Congressman Jim Grayson have stated that the people in US are extremely concerned about the welfare of the people of Pakistan and believed that job creation through microfinance is a very important pillar to economically strengthen the country.

A delegation of US government officials met with the various leaders of Pakistan's microfinance industry as well as a group of female micro-entrepreneurs. Kashf Foundation, USAID, and Khushhali Bank jointly organised the event.

US Congress member Jim Grayson accompanied by his staff members, and personnel from the US State Department and USAID, had discussions with Roshaneh Zafar, the Founder and MD of Kashf Foundation and CEO of Kashf Microfinance Bank. She along with her colleagues explained various aspects of their fourteen-year long experience of replicating the Grameen Bank model as well as its adaptation to the Pakistani socioeconomic environment.

Later, US Congress member Jim Grayson met with women microfinance clients of Kashf Foundation and candidly inquired about their different experiences in availing the financial services offered by the Foundation and congratulated them on their perseverance.-PR


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