Khushhali Microfinance Bank Limited (KMBL) and Pakistan Telecommunication Limited (PTCL) signed a memorandum of understanding (MoU) to launch a financing scheme for the assistance of PTCL employees.
The agreement was signed by Saadia Mansoor, General Manager, HR Operations, PTCL and Ghalib Nishtar, PresidentKMBL. The agreement signing ceremony was also witnessed by the senior management of both the organizations.
MoU between KMBL and PTCL is a strategic initiative which will enable both entities to expand their services. It is also being considered as a breakthrough in developing long term relationships between telecom and microfinance sectors in Pakistan.
KMBL has offered a wide range of financing services to PTCL employees including purchase of Motorbikes through Value Chain from Honda Pakistan, salary loans, health insurance products, deposit side products, and house improvement loans.
Mr. Ghalib Nishtar expressed his views about the existing KMBL partnerships:
Speaking on the occasion, Saadia Mansoor appreciated Khushhali Microfinance Bank and said:
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