2019-06-19

Third Party Monitoring and Verification of Karandaaz Projects and Grants

<p><span style="font-size:12pt"><span style="font-family:Verdana,sans-serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri",sans-serif">Karandaz Pakistan focuses providing credit and capital to high impact small and medium-size businesses, and business models that have potential to generate sustainable employment and offers attractive risk-adjusted financial returns through Corporate Investment and Credit. </span></span></span></span></p> <p><span style="font-size:11.0pt"><span style="font-family:"Calibri",sans-serif">As a result, Karandaaz has been granting loans to Small and Medium Enterprises (SMEs) with its three major partner institutions i.e. Bank Alfalah, Meezan Bank and Orix Leasing Pakistan. The aim is to create jobs especially for youth and women, to empower women and to develop business. That’s way Karandaaz Pakistan plans to engage a third party firm to assist in monitoring and evaluation of its Corporate Investment Credit (CIC).</span></span></p>