ISLAMABAD: With a view to provide micro loans to small merchants and traders though a regulated regime the first peer-to-peer (P2P) lending platform was launched on Wednesday.

Addressing the launching ceremony, Securities and Exchange Commission of Pakistan chairman Aamir Khan said serving the micro small and medium enterprises (MSMEs) was a priority as they play a vital role in the economic development of the country.

Finja Lending Services, a venture capital falling in the category of non-banking financial company, focuses to provide digital credit to MSMEs and the people that they employ.

The company has digitally processed loans worth around $10 million to MSMEs and their employees, using their proprietary machine learning and artificial intelligence led algorithms and analytics.

Published in Dawn, December 24th, 2020

Opinion

Long arm of Big Tech
20 Jan 2021

Long arm of Big Tech

How many people would still be alive if Twitter and Facebook had denied Trump a platform to spread lies about Covid-19 a year ago?
Words, words, words
19 Jan 2021

Words, words, words

There was little in terms of contributions in our own language as we wrestled with the pandemic.

Editorial

Updated 20 Jan 2021

Broadsheet judgement

There are plenty of skeletons in the Broadsheet cupboard and they must be brought out into the open.
20 Jan 2021

Unequal justice

IT seems no one wants to testify against former SSP Malir, Rao Anwar. At least five prosecution witnesses, all ...
20 Jan 2021

Schools reopening

THE disruptive impact of Covid-19 on education will be felt for years to come. For countries like Pakistan, where...
Updated 19 Jan 2021

LNG contracts

It is important for industry to reconnect with the national grid and for gas to be allocated for more efficient uses.
19 Jan 2021

Murdered judges

THE continuous violence in Afghanistan has raised serious questions about the sustainability of the peace process, ...
19 Jan 2021

K2 feat

A TEAM of 10 Nepalese mountaineers made history over the weekend as they scaled the world’s second highest peak K2...