SUNDAY February 5, 2012  
   
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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 > Success Stories > Sameena - Nowshera
   
   Sameena - Nowshera
   
 
Sameena started her own business a couple of years back. Before that she went through financial hardships, as her husband, an ordinary plumber, earned only 3500-4000 PKR a month. It was very difficult for her to educate her daughters and pay for the household expenses including rent, with the monthly income of her husband. Therefore resolute in her mission to keep her daughters in school, Sameena decided to start her own business which she could manage from home in a small budget. She felt that the most viable option for her was to start a Beauty Parlour. After completion of a six-month course from a nearby Training Academy, she started her own parlour by the name of Muskan Beauty Parlour in her house. Her initial customers included those that she had already worked with during her training. In order to attract more customers, she started going to people’s houses to provide her parlour services and this coupled with positive word-of-mouth from her customers increased her permanent customer base to 15 and her monthly income to 3,000 PKR.
   
 
With the grace of God and her own hard work, Sameena was able to increase her clientele to 40. With the increase in the number of customers, Sameena had to expand and upgrade her parlour because of customer demands and also to remain competitive in the market.

For this very reason, Sameena approached Khushhali Bank Limited for a loan. The bank provided her with a loan of 10,000 PKR. With the help of the loan, Sameena introduced new services and techniques and her income rose from 3,000 to 7,000 PKR. With the increase in income Sameena is able to contribute not only to the household expenses, but also to provide quality education to her daughters.
   
 
Sameena trained three students in her parlour who after completing their course, started working at their own homes and also worked for Sameena as helpers during the busy seasons. These students were therefore able to increase household income as well as improve their economic condition.
   
 
The key to Sameena’s success has been her hard work, dedication, and her ability to market herself to potential customers. It helped her in growing her business and achieving her dreams of supporting her family and becoming an important member of her locality.
   
 
All of Sameena’s goals are directly linked to her economic condition, social status and her children’s education, and as such, her future plans include expanding her business to include bridal photo shoots and a training centre. She wants to make her parlour a high standard one. This will mean employing more people, thereby giving a chance to other girls of the locality to earn a livelihood and support their families.
   
   
 
 
 
 
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