Khushhali Microfinance Bank Celebrates Recovery & Deposit Wins in FY 2023

Khushhali Microfinance Bank's Dedicated Recovery Team Surpasses PKR 1 Billion Milestone!

Press Release
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Khushhali Microfinance Bank Celebrates Recovery & Deposit Wins in FY 2023

Pakistan’s top microfinance bank, Khushhali Microfinance Bank Limited (KMBL), had a very successful fiscal year in 2023. With the help of a dedicated call center, their recently formed recovery section exceeded expectations by gathering almost PKR 1 billion in write-offs. This, combined with reaching their PKR 101 billion deposit goal, demonstrated KMBL’s tenacity and dedication to its clients.

Particularly noteworthy is the remarkable growth in deposits, of which 90% came from private depositors. This demonstrates the solid foundation of trust KMBL has established with its community, enhancing its standing as a trustworthy financial partner.

Aameer Karachiwalla, President & CEO of KMBL, presided over an internal ceremony to commemorate these accomplishments. He emphasized the team’s good influence on numerous lives and praised their efforts.

“This accomplishment is a testament to the entire Khushhali team and the unwavering trust our customers place in us,” said Karachiwalla. “We are proud to be a catalyst for positive change in the communities we serve.”

Chief Business Officer Muhammad Aftab Alam echoed this view by stressing their dedication to sustainable practices and prudent lending. “Our focus on customer-centric solutions has been integral to our success,” he stated. “We remain dedicated to fostering financial inclusion and driving economic growth in our communities.”

As they look to the future, KMBL promises to keep pursuing excellence and implementing sustainable principles for both institutional expansion and volunteer work. Their drive to financial emancipation places them as a light of hope for neglected populations in Pakistan.

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