NIRSAL Microfinance Bank Explains COVID-19 Loan Repayment and Deductions

NIRSAL Microfinance Bank has clarified that the COVID-19 Targeted Credit Facility was not a grant and that deductions from beneficiaries' accounts are conducted according to regulatory guidelines. This statement was issued following recent media reports and public concerns about the repayment process. The clarification aims to inform beneficiaries about the loan terms and repayment procedures.

Originally published by gnews