Advans Pakistan Microfinance Bank (Advans Pakistan MFB) is the 6th Greenfield of the Advans group. Advans Pakistan MFBL was incorporated as a public limited company under the Companies Ordinance, 1984, on 17 April 2012 and was granted a license by the State Bank of Pakistan on 28 June 2012 to operate as microfinance bank in the province of Sindh. The bank's aim is to provide microfinance banking and related services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001.
As a registered microfinance bank, Advans Pakistan MFBL offers a full range of financial services to micro, small and medium-sized enterprises (MSMEs): Loans to MSMEs range from from PKR 10,000 to PKR 500,000 and current and savings accounts for both individuals and MSMEs are also available. Advans also offers loans to individuals through its Gold Loan product.
Entrepreneurship for development
We believe that Private entrepreneurship is the engine for economic and social development that well managed businesses create value, not only for the owners, but also for other stakeholders and the whole country: GDP, after all, is the sum of all businesses' value added. Consequently, Advans supports entrepreneurship in developing countries and promotes entrepreneurship among its staff. This translates into the motto: "Acting together for development"
Client satisfaction has always been the main driver of Advans activity. Advans aims to build long -term relationships with its clients based on mutual understanding and trust. Advans aims to offer simple and effective financial products and quality customer service in a transparent and responsible manner.
Only highly professional services contribute to client satisfaction and can impact on economic development. Thus only highly professional services can be sold at a good market price. Professional excellence for Advans is not only a choice by culture; it is also a necessity to be sustainable.
Respect for people
We see the potential in people, and respect for people involves setting ambitious objectives for them and providing them with the opportunities and means to achieve these objectives.
Sharing expertise and experience
Teamwork is a key element of Advans culture. Teamwork means sharing objectives and tools to reach targets together. Each of us is stronger and more efficient if we can benefit from others' experience, expertise, advice, vision and support. This has always been systematically encouraged at Advans. Experience is further capitalized on in methods and tools made available to all.
Advans staff are committed to fair business practices and never to engage in corruption or any other illegal dealings.
To build an institution which contribute to strengthening local businesses, creating and sustaining jobs and improving clients’ living standards in order to foster private sector-led economic and social development in Pakistan.
Respond to the need for financial services of Micro, Small and Medium-sized Enterprises (MSMEs) and other populations who have limited or no access to formal financial services through providing tailored financial services in a sustainable and responsible manner.