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Founded in the year 2000,
Khushhali Bank Limited was a part of the Government of Islamic Republic of
Pakistan's Poverty Reduction Strategy and its Microfinance Sector
Development Program (MSDP). MSDP was developed with the facilitation of
Asian Development Bank (ADB).
With its headquarters based
in Islamabad, Khushhali Bank Limited operates under the supervision of the
State
Bank of Pakistan (SBP) and many central (commercial) banks are its
shareholders. The mandate remains to retail microfinance services and to act
as a catalyst in stabilizing the country's newly formed microfinance sector.
Khushhali Bank operates under the Microfinance Sector Development Program (MSDP)
which was initiated by the Government of Pakistan through a Microfinance
Development Policy. MSDP has an important objective – to provide affordable
financial and social services to the poor, for a significant impact on
poverty reduction.
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