International Finance Corporation (IFC) officially agreed to provide a substantial loan and advisory services to Tameer Microfinance Bank (Tameer) of Pakistan in their expansion effort. The long-term loan, disbursed in December 2006, adds up to USD 3.7 mn, is meant to support Tameer’s rapidly growing loan portfolio. The partnership will be supervised by the Private Enterprise Partnership for the Middle East and North Africa, IFC’s advisory services facility for the region. They will help Tameer find commercially viable ways to reach its client base and assess the demand for branchless banking in rural Pakistan.
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