Khushhali Microfinance Bank (KBL), one of the fastest growing microfinance banks in Pakistan, today signed a Memorandum of Understanding (MoU) with Pakistan Post. Under this MoU, Khushhali Microfinance Bank will offer a financing scheme to Pakistan Post for purchase of Motorcycle to its employees on easy installments without down payment and immediate transfer of the ownership of motorcycle to the employee.
The Motorcycle Loan Scheme will not only augment the quality of life of Pakistan Post employees but also encompass free of cost insurance coverage in case of death and/or permanent disability.
Speaking at the occasion, Ghalib Nishtar, President Khushhali Microfinance Bank said: “Khushhali Microfinance Bank is pleased to announce its relationship with Pakistan Post and hope that this will be the first of many constructive partnerships to be signed under the auspices of the newly agreed memorandum of understanding between KBL and Pakistan Post.”
He also thanked Pakistan Post “for their understanding, support and commitment to assist the people of Pakistan, especially the employees who belong to the lower strata of the society,” and stated that “with the enhanced assistance from Khushhali Microfinance Bank, Pakistan Post would be able to further extend its activities and reach out to more employees in the future.”