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U Microfinance Bank Limited signs an agreement with Trellis Housing Finance Limited

Islamabad: Friday, November 05, 2021

U Microfinance Bank and Trellis Housing Finance Limited have collaborated to extend low cost housing facilities to the low income segment of Pakistani society. Under this arrangement U bank will be utilizing GharHo, Trellis’ proprietary and fully-digital mortgage origination platform, that will provide a digital and simplified application process to the customer for accelerated housing finance deployment & allow more families to have a home for themselves. Trellis will offer its platform services to U bank for both the Mera Pakistan Mera Ghar (The Government’s markup subsidy scheme (GMSS)) as well for U Bank’s own home financing product to qualified customers.

Speaking at the occasion Mr. Kabeer Naqvi, President & CEO of U Microfinance Bank said,” we are delighted to establish this partnership with Trellis Housing Finance Ltd, which is aimed at providing housing to underserved population of the country by working together to simplify the journey of home financing. Housing is a basic human right and we at U Bank aim to contribute in increasing home ownership. We are also mindful that better and safer housing has a direct impact on the growth and well being of families.”

Nadeem Hussain, Chairman of Trellis remarked that to be able to maximize the positive impact on society and in order to close the gap between the supply and demand for housing, its important for all institutions to collaborate and work together to ensure people can get access to financing and subsequently housing. It is a pleasure to partner with U Bank to help deliver on the housing agenda and streamline the customer experience and the process involved.

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ABOUT U BANK

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 300 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 50,000 agent locations across Pakistan.

U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation...
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