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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Jafakash Aurat Project initiated by Khushhali Bank Limited (KBL) was a unique project for the women folk who not only believe in hard work but also have confidence in themselves. The main objectives of the project were to improve income generation of the poor women by developing and strengthening their skill and entrepreneurial capacities and giving them access to micro financing opportunities. Such efforts serve to foster a sense of confidence within people, enabling them to take up jobs and start their own business owing to which they can contribute positively towards the house hold income as well as the overall prosperity of the entire family.

Starting the project in Gawadar was in itself a great challenge due to major difficulty in logistics, accessibility, availability of materials, maintenance of the equipment and above all the poor literacy rates owing to unavailability of proper schools and colleges for women in the city. However, once the initial problems were over come and the project was set up, KBL began to assess the training needs of the local women and conducted a Training Need Assessment (TNA) survey.

Once the potentially lucrative and most demanded skill sets were determined KBL began giving the women short courses on tailoring which included the finer side of designing and embroidery using embellishments. Other courses included Beautician training, Cooking on commercial basis in which market linkage was developed via which these women could make and sell food items to meet the local market demand. The demand of this was high, mainly because of the fishermen who travel on their launches averaging a month or so for catching fish.

A computer lab equipped with 20 computers and other related equipment for Computer Training was also set up under the project. Keeping in mind the future requirements of the city an advanced curriculum was developed for Teachers’ Training and Office Management. Even the trainers hired were from the local community thus increasing the employment opportunities in the region.  These trainers then went through extensive Training of Trainers (TOT) program. The training program was well received by the local women and the overall response was beyond expectations. There were even instances where the men came and appreciated KBL’s efforts in providing their women with opportunities for self development and enhancing their family income. As the batches were certified through the training the other most important part of the model was to provide these women access to micro financing opportunities, for which, the bank hired female sales staff that was present at all times at the training center. Some women who were already running their micro businesses also took the loan during or before the training. 

Jafakash Aurat Project in Gawadar was an extremely successful project that achieved most of the mile stones outlined in the project brief. It served to train about 4,500 women, whereas around 695 women were provided micro credit loans.
 
 
 
 
 
 
 
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