Khushhalibank Wins Best Microfinance Bank Award
Triple Jump investee Khushhalibank won the “Best Microfinance Bank” award at the Pakistan Banking Awards 2018 for delivering customer value through innovations, penetration efficiency and a strong social impact.
Khushhali is the pioneer microfinance bank in Pakistan specializing in providing financial services to the marginalized segments of the population operating businesses in the bottom of the pyramid markets.
Established in year 2000, Khushhalibank’s success has fostered an ecosystem for the growth of microfinance industry within Pakistan where nearly 29% of the population lives near or below the poverty line, and improvement in availability of economic opportunities has the potential to drive growth and development at the grass root level.
With total assets of nearly USD 500 million and over 2 million clients Khushhali is the largest microfinance bank in Pakistan. With deep rooted presence through a distribution network of 200 offices across Pakistan it is fostering financial inclusion even to remote areas of the country. It offers customer-focused financial solutions to males and females alike, to invest in their microenterprises and uplift their business and living standards. The growth of microenterprises generates income and employment opportunities at community level, conserves local skills and prevents rural to urban migration.
Over the past two decades, Khushhalibank has impacted over 6 million lives and driven poverty elimination and gender empowerment. The bank is currently upgrading its operational systems to offer digital financial services to its customers.