SUNDAY February 5, 2012  
   
News:
August 11, 2011, Khushhalibank celebrates its 11th anniversary today, with a resolve to take on new challenges and setting further milestones as a pioneer in microfinance banking in Pakistan.                  May 05, 2011 , Khushhalibank and Western Union signed an agreement to introduce international inbound remittance services in 76 districts across Pakistan where Khushhalibank operates. This agreement makes KBL the first microfinance institution in Pakistan to introduce the cross border inbound remittance service, thereby facilitating a large segment of rural population to receive money from overseas through Khushhalibank’s wide network of 109 branches.                  May 03, 2011 , JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Khushhalibank, to ‘A’ (Single A) from ‘A-’ (Single A Minus) for the medium to long-term and A-1 (A One) from A-2 (A Two) for the short-term. The ratings reflect Khushhalibank’s ability to withstand tough operating environment and maintain its market standing. It also highlights the bank’s position as one of the largest microfinance bank operating in the MFB sector in Pakistan.                  February 26, 2011, Khushhalibank, while acknowledging the contributions made by young entrepreneurs in various sectors became the exclusive partner of IBA Verve 2011 organized by IBA Entrepreneurship Society (IBAES) and Center for Entrepreneurial Development. The event took place in Karachi and was graced by the some of the country’s most renowned businesspersons. IBA VERVE 2011 was a unique platform in which students were exposed to real life success stories and industry best practices.                  February 22, 2011, Khushhalibank's clients won the highest numbers of awards during the 7th Citi-PPAF Awards held in Islamabad. Sajan, a client of Mithi Branch, was awarded a prize of Rs. 110,000 for being the Regional Winner from Sindh. His loan officer Jhaman Das received a cash prize of Rs. 25,000. In runners up category, Kalsoom Bibi from Rawalpindi Branch and Muhammad Azeem from Gawadar Branch were awarded a cash prize of Rs. 80,000 each and their loan officers Adeel Shaehzad and Khadim Hussain were given a cash prize of Rs. 20,000 respectively.                  August 11, 2010, Khushhalibank successfully completes 10 years of micro-finance banking in Pakistan. Ghalib Nishtar, President Khushhalibank, expressing his views on the occasion said, "Today, we have made our contribution by making a difference in hundreds and thousands of lives across the country by providing financial service access to the unbanked segments of the population."                April 19, 2010, Khushhalibank held its Annual Sales Conference at PC Bhurban to review the performance for the year 2009. The conference was chaired by Ghalib Nishtar, President, Khushhalibank and attended by all Departmental Heads and the Retail Unit from the Corporate Office, and Regional Business Managers and Territory Portfolio Managers from their respective Regions.                  February 16, 2010, Khushhali Bank in collaboration with American Business Council has given the first 20 cheques to the affected traders of Bolton Market under 'Bolton Market - Business Revitalization Program' of USAID in a ceremony held in Karachi. Khushhali Bank is managing the process of grant disbursement of USAID's funds of PKR 1 billion for the program.                  August 11, 2009, Khushhali Bank celebrates its ninth anniversary to acknowledge the contribution and hard work of its employees, while resolving to make its clients a priority and rejoicing the unprecedented success of past nine years.                  Khushhali Bank Limited re-constitutes its Board of Directors for a term of three years. Syed Ali Raza, President, National Bank of Pakistan, being the chairman, the new Board of Directors consists of seven members, four representing the share holders three non share holding Independent Directors.                 
 
 
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Khushhali Bank Limited has proactively encouraged formation of alliances with NGOs and has recognized their role in poverty reduction efforts as envisaged by the Government of Pakistan’s Microfinance Sector Development Policy. Khushhali Bank benefits at the hands of an endowment fund, coined as MSDF (Microfinance Social Development Fund), established by the Government under an Asian Development Bank loan by entailing NGOs for social projects within the Khushhali Bank’s service regimes. This unique arrangement allows Khushhali Bank to disseminate specialized social services through the alliances with NGOs while it delivers financial services to market segments of a similar nature.

Khushhali Bank collaborated with development organizations consistently which helped in further accessibility towards clients to provide them Microfinance Services. Khushhali Bank understood the significant requirements of these clients and gained knowledge in fields of Education, Health, Population Control, Empowerment, Social Mobilization, Training and Development which are the basic tenets within this segment. In turn these NGOs and organizations also grew in line with Khushhali Bank as well as the micro credit requirement of the communities in which they are serving, has been adequately addressed. This is a unique model and Khushhali Bank looks to continuously strengthen the ties between the formal Microfinance Sector and the Development Sector.
   
 
SP Name
Rahnuma-FPAP		 Interventions
Family Planning and Sexual & Reproductive Health
Advocacy
Social Development
Poverty Alleviation
Brief introduction
Rahnuma initiated serving the cause of the poor and marginalized segments of society within Pakistan by bringing into institution the Family Planning Association of Pakistan (FPAP) – in 1953. It was one of the pioneers in providing family planning services and advocacy of the small family norm. FPAP has been operational throughout the country.
   
   
SP Name
Sindh Graduate Association (SGA)		 Interventions
Education
Primary health,
Social Mobilization/Awareness
Brief introduction
SGA was instituted in 1972. The main function includes the provision of services in 16 districts of Sindh with an active network of 70 branches within Sindh (23 districts). The main objectives comprise of the following:

To develop awareness amongst the people
To cultivate the human resources
To uplift the socio-economic conditions of the people
To endeavor for protection of basic rights
To mobilize the rural masses for social development
To provide assistance in health and social sector services
   
SP Name
Health And Nutrition Development Society (HANDS)		 Interventions
Health (Reproductive Health, MCH)
Primary Education (Formal & Non-formal) & Adult Literacy
Social Mobilization/Awareness
Brief introduction
Human Development Foundation was formed by the American-Pakistani community in 1997. HDF is a not-for-profit organization, incorporated under the Illinois General Not-for-Profit Corporation Act of 1986. HDF Pakistan is a subsidiary of HDF-North America. Since the beginning, HDF has mobilized the American-Pakistani community and established supporting networks in all major metropolitan areas of USA, working in unison to fund approximately US$ 3M annually. HDF has 8 regions within the 4 provinces of Pakistan and AJK.
   
   
SP Name
Society for Human Development		 Interventions
Relief Activities
Training
Social Mobilization/Awareness
Brief introduction
Society for Human Development is under operation at Faisalabad, Toba Tek Singh and Jhang. The quintessential objectives include:

Objectives:
To provide up-to-date information and training to local groups and departments
To educate, motivate, mobilize and transfer managerial apt, techniques, knowledge, skills and attitudes to native groups
To empower poor women, small farmers and landless individuals to participate within activities for their respective economic and social development in selected areas of Faisalabad, Toba Tek Singh and Jhang.
To establish NGOs, CBOs and community groups at local level and link them with other groups to advocate the same
   
   
SP Name
Human Development Foundation (HDF)		 Interventions
- Education (Primary, secondary and adult literacy),
- Health (Primary health and MCH, lady heath   workers)
- Social Mobilization
- Economic development (Microfinance & vocational   trainings), infrastructure improvement
Brief introduction
HDF was formed by the American-Pakistani Community, in 1997. The Human Development Foundation is a not for profit organization "incorporated under the Illinois General Not for Profit Corporation Act of 1986.HDF Pakistan is a subsidiary of HDF-North America. Since the beginning, HDF mobilizes the Pakistani American community and established supporting networks in all major metropolitan areas of the USA, that work together to raise close to US$3M annually. HDF has 8 regions in all the 4 provinces
 
 
 
 
 
 
 
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