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 > Ghulam Zaitoon - Rawalpindi
   
   Ghulam Zaitoon - Rawalpindi
   
 
Every day we hear awe-inspiring stories of women who irrespective of their social status and family backgrounds have achieved something in their lives only through sheer determination and hard work. The hardships these women go through everyday are unimaginable and enough to send a chill down our spines. The way they conduct their lives is admirable and nothing less than commendable. One such story is that of Ghulam Zaitoon, a 61 year old woman who emerged as a true hero for her family.


Having to support four children with a husband suffering from cancer with the constant rise in inflation is enough to demoralize anyone and make them give up on life. This however does not hold true for Zaitoon as she decided to take the bull by the horns and find a way around these problems without having to depend on anybody but herself. Zaitoon knew she had a skill which she could use to her advantage and in turn generate a respectable income which would enable her to support her family.

Ghulam Zaitoon was in need of capital as she had already decided that she would put her furniture making skills to use. Upon asking around, Ghulam Zaitoon came to know of Khushhalibank's loan facility and then applied for the same. Within no time her loan was sanctioned and Zaitoon straight away got to work and began to weave her business plans. Driven to support her family but being unable to stay away from her ailing husband for too long, she converted a room at her house into a work shop from where she started churning out fine pieces of art.

Ghulam Zaitoon began by purchasing the supplies needed to manufacture quality furniture that would give her a competitive edge. With everything setup, she headed out to develop contacts with furniture dealers from within and out of the city. It took her time to earn their confidence but at the end of the day she returned home victorious with a few contracts in her hand. Her hard work and the response she got from her clientele allowed her to purchase supplies from Chiniot and Faisalabad at lower prices as compared to what she used to buy from Rawalpindi. As time progressed, the amount of work she received grew steadily, reaching the point where she could no longer manage on her own. Zaitoon then decided that she was in a position to expand her business and increase her orders as she was now earning enough money to employ 4 workers to assist her and earn higher revenues and greater profits.

Life seemed to have taken a drastic turn for Zaitoon and her family as today Ghulam Zaitoon, the once highly dependant stay-at-home mom is now earning a very good livelihood and is even providing quality education to her 4 children which was once unaffordable. Two of Ghulam Zaitoon's children are even happily married.

Ghulam Zaitoon is an inspiration to all of us. She is a self made woman who had no means to earn and sustain her own family but against all odds emerged as a strong contender against adversity. Ghulam Zaitoon has worked hard towards securing a future for herself and her children. In addition to earning a decent living she has bought her own residential plot as well as a bike for one of her sons. She now aspires to further expand her business by opening a shop for her son in Rawalpindi which would increase the inflow of orders.

Her circumstances rather than breaking her down have made Zaitoon a confident and self reliable person who knows she too can contribute to the world. A woman from her background would need a lot of motivation to get out and fend for herself. A little determination, empowerment and support can go a long way as is evident from Ghulam Zaitoon's life altering journey.
   
 
 
 
 
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