An awareness program was organized by Khuhshhalibank / FMFB after a Microfinance Focus Group (MFG) Meeting with SBP-BSC Multan on 11th December, 2015 at Mimra Chowk in Basti Gujran near Tatay Pur. All Area Managers from Microfinance banks were also invited. The purpose of this session was to provide awareness about products and services of MFBs to the rural people, queries raised by the participants were actively answered regarding products/ services of these Banks. Moreover, the session fulfilled the purpose of interaction of MFBs with the people to get access to financial services being offered.
While addressing the gathering, Malik Ashraf Khokhar, Chief Manager SBP, BSC Multan informed the audience that the Micro finance Banks are licensed & regulated by SBP in the same way as the conventional banks. So there is no threat to open accounts with these banks to benefit from products & services of these banks. These MFBs are designed specially to provide financial access to underserved population who has no access to the conventional banking system in general.
This was a unique session where SBP officials encouraged & promoted MFBs as conventional Banks & helped raise the image & confidence on working of these banks. This session highlighted all MFBs for the understanding of the general masses and a strong message was delivered that all MFBs are endeavoring to provide financial access to the masses with multiple products & services while giving an open choice to select whichever service suits them. It is expected that KBL branches will benefit from the event in terms of client awareness and cause a positive impact on business in future.