Tameer inaugurated four new locations of Islamkot, Chor, Khipro and Tando Adam are a part of Tameer’s financial inclusion plan of empowering the unbanked
Online PR News – 04-September-2014 – Karachi / SInd – Karachi, 02 September 2014: Pakistan’s first scheduled and largest private sector microfinance bank, Tameer, formally inaugurated four new locations in Sindh. These new locations of Islamkot, Chor, Khipro and Tando Adam are a part of Tameer’s financial inclusion plan of empowering the unbanked across the country.
Commenting on the occasion, Mr. Nadeem Hussain, President and CEO of Tameer said: "I am delighted to see Tameer extending outreach to the interior and remote areas. Providing access to financial services is fundamental in developing an eco-system which supports development of people who are at the bottom of the pyramid. I am confident that Tameer’s presence in Islamkot, Chor, Khipro and Tando Adam will have a positive impact in these areas."
With the inclusion of these new locations, Tameer’s total outreach in Sind has reached to sixty one locations and a total outreach of more than 140 locations in Pakistan.
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About Tameer Microfinance Bank (TMFB):
Tameer Microfinance Bank Limited (TMFB) is the first scheduled and largest Microfinance Bank in Pakistan. Incorporated in 2005, it provides micro-finance and related financial services to the less privileged and unbanked segment of the society with an aim to contribute towards poverty eradication under the Microfinance Institution ordinance, 2001.
TMFB currently has over 140 customer touch points, along with more than 40,000 Easypaisa agents, nationwide. TMFB offers a range of financial services including Deposits, Loans, Mobile Accounts, Health Insurance, Remittances, Cash management services, Bank on Wheels. Based on the results for the year ended 31 December 2013, the credit rating company PACRA upgraded the long-term entity rating of Tameer to "A+" (Single A Plus) [Previous: "A"] while maintaining the short-term rating at"A1" (A One) as of February 27th, 2014.