Khushhali Microfinance Bank triumphs Gold Price Disclosure Award by Microfinanza Ratings

BANKING

Lahore: Khushhali Microfinance Bank, Pakistan’s premier microfinance bank achieved another milestone by proclaiming Gold Price Disclosure Award by Microfinanza Rating. The award proves KMBL’s commitment to transparency of its pricing information.

The Price Disclosure award is a public recognition of pricing transparency visible to investors and other international stakeholders who subscribe to the Data Platform. The Data Platform is a recent initiative for transparency in the financial inclusion sector that fills the gap left by Microfinance Transparency and unites several other microfinance initiatives (e.g. CERISE, SPTF, Smart campaign, PPI, MIMOSA, Factsheet, etc).

Talking on the milestone achieved, Ghalib Nishtar, President, KMBL said: “This acknowledgement signifies KMBL’s commitment to maintain highest standards of business practices and commitment to improve and meet the latest industry service benchmarks; to be recognized for these efforts is indeed an honor for the Bank. With this recognition, we will further improve our ability to utilize our customer insight, advance our internal processes and lay the foundations to automate differentiated propositions to individual customers based on what they value.”

MicroFinanza Rating (MFR) is a private and independent international rating agency specialized in microfinance. Organization aims to operate in a transparent market as a highly qualified information provider in the field of microfinance and responsible investing. It delivers microfinance and responsible finance industry with independent, high quality ratings and information services, aiming at enhancing transparency, facilitating investments and promoting best practices worldwide.

Khushhali Microfinance Bank operates through a network of 158 branches and 28 service centers across Pakistan. Having serviced over 6 million loans to date, has nearly 2.0 million active depositors, and more than 700,000 active borrowers, making it the leading microfinance bank in Pakistan.