PiSlice, du partner to encourage micro-lending
Dubai, March 17, 2014
Pi Slice, a web-based social platform of online funding for micro-entrepreneurs in the Mena region, has partnered with Dubai-based telecom operator du to increase funding for projects in the region.
As part of the partnership, du and Pi Slice have launched a ‘lending page’ to encourage the wider community towards micro-lending.
The page will feature a list of Mena projects that are in need of finance and choose to provide support to a project of their choice.
The Pi Slice lending platform allows individuals and companies to be linked with regional micro-finance institutions (MFIs), who, in turn distribute the funds as micro-credit to pre-selected entrepreneurs.
Motivated individuals and companies can, therefore, help Mena MFIs to build a sustainable future for micro-entrepreneurs and a favourable ecosystem for development at the macro level.
Genny Ghanimeh, Pi Slice CEO, said: “Corporations and individuals have no access to projects that align with their social strategic goals. This is exactly what Pi Slice resolves by providing transparency, accountability, access, and choice.”
“We believe that the private sector should be able to support the fight against unemployment in a transparent, efficient, and respectful manner. We are very happy to announce our partnership with du, a company with strong leadership that has proved to be innovative, progressive and committed into social change and building impact,” said Ghanimeh.
Hala Badri, executive vice president, Brand and Communications, du, said: “Fostering entrepreneurship is an essential part of building a sustainable future for our community, and those communities around the region. Pi Slice is an exemplary platform that takes social commitment to the next level, by connecting those who can make a difference with those who need assistance.
“Together with Pi Slice, we hope to make a significant impact on the lives of people across the region, who will benefit from contributions from socially- and sustainable-conscious companies and individuals.” - TradeArabia News Service