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.
Home > Success Stories > Riaz Hussain - Sukkur
Riaz Hussain - Sukkur
In order to generate more income, Hussain had a few ideas, but they were all expensive; from buying good quality seeds to hiring the services of agri-experts. Consequently, Hussain approached Khushhali Bank Limited for a loan.
Because of the loan, Hussain was able to make a very positive impact on his family and community. He was able to boost his income level and therefore was able to buy seeds on time and not rely on credit. He was also able to improve his standard of living and retain credibility in the market.
Riaz Hussain’s success lies in his dedication, honesty and day and night hard work, but most importantly, the loan provided by Khushhali Bank Limited. He also had the support of his family to bear through difficult times.
Riaz Hussain plans to boost his date crop yield and raise his income level honestly, all the while developing the community. Not only that, he also has plans to generate more sales through exports.
Ali Sher Sheikh - Sukkur
Bushra Bibi - Lahore
Jamali - Gawadar
Massom Ali - Muzaffarabad
Riaz Hussain - Sukkur
Sahib Khatoon - DG Khan
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Success Stories
Riaz Hussain is a farmer from Mehboob Maitlo village, Sukkur. Although he is hard working, several factors have led him to be unsuccessful in his agriculture business. His main concerns are the scarcity of water for his crops. The rising inflation, causing raw material input expenses to be greater than his income. As if this was not enough, Hussain also has to deal with losing his crops to natural disasters.
