May 14, 2020
Karandaaz has announced the launch of a new programme to subsidize design thinking services for Digital Financial Service (DFS) providers offering products and services through mobile and web-based platforms. Karandaaz aims to promote digital financial products and services that address the needs of the customers; create more valuable, appealing, and user-friendly solutions; and expand financial inclusion in the country. More often than not, digital financial products are complex when presented digitally and hence many customers are reluctant to use them.
May 10, 2020
Karandaaz Pakistan, with financial support from the UK’s Department for International Development (DFID), is helping the Securities Exchange Commission of Pakistan (SECP) digitalise its key operations.
May 6, 2020
Karandaaz Pakistan is providing financing to Excel Labs to initiate COVID-19 testing. With this funding, Excel Labs is building its capacity to carry out an estimated 500 tests daily and more than 10,000 tests a month.
Mar 9, 2020
U Microfinance Bank Ltd. signed a grant agreement with Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation. The grant will help U Bank further its mission of financially including more women. U Bank won the grant through a competitive application process via Karandaaz’s Digital Experiments program.
Feb 12, 2020
Islamabad: Karandaaz Pakistan has signed grant agreements with 2 FinTechs, Oraan Tech Pvt. Ltd. and Techlets Pvt. Ltd, with funding from Bill & Melinda Gates Foundation and a separate one with NRSP Microfinance Bank with funding from UK’s Department for International Development (DFID).
Jan 7, 2020
The impact of microfinance has been a subject of much debate over recent years. While numerous studies have been conducted over the last decade, these have mainly focused on impact in terms of household income, personal assets, and socioeconomic indicators including economic status, children’s education, housing, women empowerment, and health expenditure and child immunization.