Bank Alfalah, USAID to provide SMEs access to credit

Under the "US Pakistan Partnership for Access to Credit" initiative, Bank Alfalah has recently partnered with The United States Agency for International Development (USAID) to provide financial services to Small and Medium Enterprises (SME) across Pakistan.
This 8-year collaboration will provide support to entrepreneurs, help create new jobs and facilitate broad based economic growth in the country. Under this partnership, the United States will provide $10 million that will back $60 million worth of loans given by partnering banks to SMEs in Pakistan.
Speaking about the partnership, Head of SME at Bank Alfalah, Javed Iqbal said "Bank Alfalah focuses on understanding the holistic needs of our customers and providing complete banking solutions that meet the financial, non-financial, transactional, investment and advisory needs of our SME customers". He added that "the Bank strives to enhance inclusion of the unbanked masses into the financial mainstream."