Though the bank had a skeleton staff already working at a makeshift office here to provide small loans to farmers, the establishment of the fully-fledged branch would facilitate the residents more effectively. It will also set up an automated taller machine (ATM) from which the account holders of even other banks can draw cash through the one-link facility.
It may be noted that people of the Yarkhun valley as well as Brep, Chuinj, Khuz and other villages are served by different banks that have branches at Mastuj. From Mastuj towards the north, it is the first bank branch opened in Bang village of Yarkhun valley. –Abdul Nasir Khan
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This is a bank at the doorstep of the rural people.Getting loan by the villagers from the schedule banks is very difficult specailly now a days.FMFB’s this brank would facilitate the people of Yarkhoon from the drugery of work seeking loan from the scheduled banks, but the service charges of the bank should be within the means of the people and area where they open the branch.I have heard that the repayment ratio of FMFB loan is very encouraging and the default rate is nil or very low . i advise you to use it for productive purposes.I have also advised the high ups of the bank to initiate educational loans for talented students coming from disadvantaged families in Chitral.
Nizar Ali Shah
Dev consultant