bKash Limited, the largest mobile financial service provider in the country and Gana Unnayan Kendra (GUK), a northern based NGO signed an MOU recently to facilitate loan disbursement and repayment for its members through bKash.
Besides, around one lakh members of GUK will also be able to deposit their installment for savings scheme maintained with the microcredit institution through bKash.
Mizanur Rashid, Chief Commercial Officer of bKash and M Abdus Salam, Founder and Executive Director of Gana Unnayan Kendra (GUK) signed the MOU on behalf of their respective organistions at the bKash head office recently.
Ali Ahmmed, Head of Planning & Business Development, Masrur Chowdhury, Head of Alternative Channel, Muhammad Tariqul Islam Khan, Deputy General Manager of Commercial Division of bKash and Abu Sayem Md. Jannatun Nur, Director, Aftab Hossain, Program Coordinator of GUK were also present during the signing ceremony.
Currently, Gana Unnayan Kendra disburses loan to the beneficiaries through its 78 branches across the northern region of the country. The collaboration with bKash allows the organization to deliver loans directly into the bKash accounts of their beneficiaries while the members can also make the loan installment repayment via bKash without the need for visiting any branches. The fund transfer will significantly reduce the cost and time for both GUK and its beneficiaries.
Launched in 2011, bKash, a joint venture of BRAC Bank, US based Money in Motion, International Finance Corporation of World Bank Group, Bill and Melinda Gates Foundation and China based Ant Financial(Ali Pay) , an affiliate of Alibaba Group offers broad range of mobile financial services to the common people of Bangladesh.