LogiServe, the fintech arm of SLGTrax (PSX: SLGL), Pakistan’s first integrated 4PL platform, has entered into a Lending Facility Agreement with Mobilink Microfinance Bank (MMBL) to enhance access to digital financing solutions for merchants operating within the SLGTrax ecosystem.
Signing Ceremony in Islamabad
The signing ceremony was held in Islamabad, attended by Gulraiz Khan, Group CEO, Shakeel-ur-Rehman, CEO, LogiServe, Neghat Qureshi, Head of Marketing and Moneeb Ali Jaffri, Head of Compliance, from SLGTrax, while Atta-ur-Rehman, Chief Business Officer, Abdul Rasheed Khan, Executive Manager VCF and M Hassan Warraich, Head of SME and Islamic Banking, attended from MMBL.
Financing Details and Benefits
Through this partnership, merchants within SLGTrax’s ecosystem will gain access to convenient and digitally enabled financing solutions designed to support business growth, improve liquidity management and strengthen working capital availability. Merchants utilizing the SLGTrax Wallet will benefit from working capital financing of up to PKR 250,000, along with exclusive deals across 10,000+ partner vendors and free online OPD consultations.
They will also be covered for hospitalization up to PKR 200,000 across 300+ panel hospitals, accidental death or permanent disability, and loss of business premises or structure, each covered up to the outstanding loan amount or PKR 1,000,000, whichever is less.
Additional Support for Female Merchants
Female merchants will receive additional support, including family income and maternity benefits. This initiative aims to promote financial inclusion and empower women entrepreneurs within the SLGTrax ecosystem.
Strategic Collaboration
The collaboration combines MMBL’s extensive experience in financial inclusion and microfinance with LogiServe’s technology-driven fintech capabilities to create innovative financial solutions tailored to the evolving needs of Pakistan’s growing merchant and SME segment. According to officials, this partnership is expected to significantly enhance liquidity management and working capital availability for thousands of merchants.
