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Another six leading microfinance institutions (MFI) have signed agreements with bKash to avail the services of instalment payments for their savings and loan schemes.
700,000 members of these MFIs can pay their instalments through the convenient, fast and secured ‘Microfinance’ payment option in bKash app following few simple steps.
In this regard, bKash has signed agreements with People's Oriented Programme Implementation (POPI), Society for Development Initiatives (SDI), Grameen Jano Unnayan Sangstha (GJUS), Integrated Development Foundation (IDF), Nabolok Parishad and Modern Development Organization (MDO). With these additions, now nearly 15 million members of 25 MFIs can easily pay their loan instalments and deposit savings.
Recently, Ali Ahmmed, Chief Commercial Officer of bKash has signed separate agreements with the Executives of these organisations in a hotel in the capital.
On behalf of the organisations- Md Moshihur Rahman, Director-EES of People's Oriented Program Implementation; Shamsul Haque, Executive Director of Society for Development Initiatives; Zakir Hossain Mohin, Executive Director of Grameen Jano Unnayan Sangstha; Zahirul Alam, Executive Director of Integrated Development Foundation; Md Altaf Hossain, Deputy Executive Director (F&C) of Nabolok Parishad; Md. Masud Ahmed Rokoni, Executive Director of Modern Development Organisation; M Monjur Mahmud, President of DataSoft and other high officials from all the organisations were present at the signing ceremony.
bKash has brought this user-friendly solution to simplify and digitise the payment collection process of the microfinance sector. This solution ensures a convenient and secured payment option for members and also enables the MFIs to manage their finances more efficiently by saving time and resources.