Christopher Grewe Advisor to US Executive Director in Asian Development Bank (ADB) visited Khushhali Bank in order to review the bank’s progress since inception in August 2000 and took up this opportunity to interact with the Bank’s employees and its clients and gain first hand knowledge regarding the Bank’s  operations and future plans

During his visit Christopher Grewe also attended a small Award Distribution Ceremony held at the Bank’s Corporate Office, whereby eight micro entrepreneurs from across Pakistan were awarded certificates and cash prizes as an acknowledgement of their achievements. Christopher Grewe was pleased to see the works of these entrepreneurs and the advancements that they have made through the productive use of the loans sanctioned to them by Khushhali Bank Limited (KBL). Whilst expressing his views on the exceptional achievements of these entrepreneurs Advisor to US Executive Director Asian Development Bank, Christopher Grewe said “It is a matter of privilege to present these commendable  micro entrepreneurs with these awards, as today their businesses are a testament of their hard work, dedication and passion to excel”. He further added “these constructive activities reflect khushhalibank’s strong commitment towards the empowerment of entrepreneurship for Improving livelihood’s amongst low Income households’

At the occasion President Khushhali Bank, Ghalib Nishtar whilst sharing his views said “Khushhali Bank, through these awards aims to cultivate the spirit of entrepreneurship, which once nurtured will lead to empowerment and community  building. These awards serve to encourage these  entrepreneurs and motivate them to contribute towards their household Income as well economic growth at the grass root level’

Eradicating poverty takes time and multifaceted Interventions but providing these micro entrepreneurs with the necessary means to build a better and sustainable future through access to capital is a positive  step in this direction. Khushhali Bank continuously works towards expanding the scope of its services to low Income segments particularly across less developed and marginalized areas and providing opportunity to earn their own livelihood through microfinance.

About Khushhali Bank: Khushhali Bank (KB) is rated as Pakistan’s largest and fastest growing retail microfinance bank operating under the Central Bank regulations across 88 districts of the country. Established in 2000, the Bank is funded by leading international financial institutions as a partnership between public, multinational and private sector commercial financial institutions. KB’s mission is to market financial services tailored for the low income segment in line with international microfinance practices through an extended network operating across the country’s rural and urban divides.

Khushhali Bank Limited was established through an initial funding of US$ 150mn from the Asian Development bank  under the Government of Pakistan’s Microfinance Sector Development Program which concluded successfully on schedule on June 30, 2007.