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U Microfinance Bank Signs Agreement with Trellis Housing Finance Limited

U Microfinance Bank and Trellis Housing Finance Limited have collaborated to extend low-cost housing facilities to the low-income segment of Pakistani society.
U Microfinance Bank Signs Agreement with Trellis Housing Finance Limited

Trellis will offer its platform services to U Bank for both the Mera Pakistan Mera Ghar (The Government’s markup subsidy scheme) as well for U Bank’s own home financing product to qualified customers.

Also read: Eight banks to roll out collateral-free loan scheme for SMEs from State Bank and Government of Pakistan

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Speaking at the occasion, 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 the 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 homeownership. We are also mindful that better and safer housing has a direct impact on the growth and well-being of families,” he added.

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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, it was important for all institutions to collaborate and work together to ensure people could get access to financing and subsequently housing.

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