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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 Home > Partners > USAID Project
   
  United States Agency for International Development (USAID)
 

PROJECT SUMMARY
   
 
Project Title: Developing Non-Bankable Territories for Financial Services
Project Area: FATA (5 branches)
Project completion date: 2009
Funding: US$ 4.7 million.
   
  Project Objective
 
Open non-bankable territories for financial services in FATA ( Khyber, Kurram, Bajur, Mohmand and Orakzai Agencies) and improve accessibility of poor households to microfinance services in the defined areas.

KBL partnering with USAID and using its support to test out a model for entering into non-bankable areas to change financial behaviors, improve technical transfer of information for raising productivity and sales from crop, livestock and enterprise activities of the poor region ahead of extending financial services to the poor.
   
  Key Project Activities
 
Improved delivery systems in non-bankable territories;
   
Raised awareness of formal banking options through innovative marketing strategies;
   
Applied communication strategies that improve financial discipline of potential clients;
   
Focused business development services on technical information, product development and marketing of specific enterprise, crop or livestock products;
   
Building of the KBL image as a trusted, financially strong and friendly bank that wants to facilitate them in improving their income levels and reduce their debt;
   
Improved institutional capacity of KBL to trigger take off in non-bankable segments by analysis of how much subsidy per unit borrower is required and for what length of time before KBL can make a non-bankable territory into a bankable territory; and
   
Providing higher education opportunities to qualified poor from the project area to build future KBL local capacity to support KBL banking operations;
   
  Project Components
 
Distance Learning Programs (DLP) in Business Development Services
Communications & Advertising for Advocacy
Branch Staff Training for improving clients’ financial behavior
Loan disbursement
Scholarship Scheme for higher education
   
 
 
 
 
 
 
 
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