Khushhali Microfinance Bank Limited (KMBL) has partnered with Green Light Planet to offer renewable energy based home and lighting solutions to the people of Sindh. The aim is to empower the people of the province by providing them with easy access to renewable energy solutions.
In June 2018, an MOU was signed between Khushhali Microfinance Bank and Green Light Planet to provide residents with Sun King’s solar powered solutions on easy installment plans. The product was launched in multiple branches of Sindh including, Badin, Hyderabad, Thatta, Mirpur Khas, Nawabshah and Tando Allahyar. Four other branches are also planning to introduce the product to their client base.
While the primary objective is to address Pakistan’s rising energy consumption needs especially in interior and main Sindh, less dependence on non-renewable energy sources will also help to uplift the economy as well as the environment.
KMBL President, Ghalib Nishtar said about the partnership “As the conservation around renewable energy becomes more important, KMBL is on the track to help fight climate change through its various environmental initiatives. Under an easy installment plan, KMBL wishes to uplift the standard of living of people residing in the hottest areas with renewable energy solutions in their homes”.
Given that the consumption of energy is higher than its availability, this strategic alliance will promote the use of renewable energy products on convenient financing services.
KMBL is committed to supporting such innovative products for the bottom base of market pyramids that provide economic opportunities to the vast population in Pakistan.