The Mennonite Economic Development Associates (Meda), an international non-profit making organisation working in various countries all over the world, and implementing USAID's Entrepreneurs project through key partners in Punjab, Sindh, Balochistan and KPK, recently signed a Memorandum of Co-operation (MoC) with Pakistan's foremost and leading microfinance bank, Khushhali-bank, with an aim to promote their common vision of promoting economic development and access to finance.

The USAID supported Entrepreneurs project aims to significantly increase the incomes of 75,000 mostly women micro-entrepreneurs engaged in dairy, hand embellished fabrics, beekeeping and medicinal plant collection across Pakistan through production and quality improvement, access to better markets and business service providers such as micro-finance institutions.

The main objective of this collaboration is to provide sustainable solution for access to finance by micro-entrepreneurs. Both organisations agreed to identify potential micro-entrepreneurs and help facilitate meetings with those willing to avail microfinance facilities from Khushhalibank.

Copyright Business Recorder, 2012