Khushhali Microfinance Bank Limited (KBL) has opened 10 additional branches in various regions of Pakistan, a statement said Monday. The new branches have opened in areas with lower access to financial services, such as Shah Kot, Kot Mithan, Kot Sultan, Shorkot City, Shahdad Kot, Jhuddo, Buner, Shakargarh, Sahiwal (district Sargodha), and Darya Khan.
Khushhali Microfinance Bank President Ghalib Nishtar said, “We are committed to serve those segments of the population that are excluded from access to formal financial services. The clients represent micro and small entrepreneurs predominantly in the rural as well as urban regions of the country thereby contributing towards employment and promotion of economic activity at the grass roots level.”
KBL is making outstanding progress and continues to move on a sharp trajectory of growth. Recently KBL’s entity ratings were upgraded to ‘A+/A-1’ with a stable outlook, which reflects it is one of the best rated microfinance institution of Pakistan.