KB Media Exposure Vi - Pakistan Microfinance Network
Transcription
KB Media Exposure Vi - Pakistan Microfinance Network
MEDIA EXPOSURE VISIT REPORT KHUSHHALI BANK – BHAWALPUR BRANCH VISIT December 2012 – January 2013 ACKNOWLEDGEMENT: The PMN would like to thank Khushhali Bank Ltd. for their cooperation during the media visit. We would also like to thank Ms. Azra and Ms. Irshad for providing the valuable contributions. We extend our deepest gratitude to them! As always, the PMN team is grateful to its donors, UKAID, PPAF and Citi for their continued support. TABLE OF CONTENTS: Objective ‘Building positive media relations for member organizations’ About PMN About Khushhali Bank (KB) Mr. Ghalib Nishtar’s Profile Mr. Ghalib Nishtar’s Interview Coverage Media Visit - Brief Clients Profiles Media Coverage PMN has been arranging media visits for its members, which is one of the core functions of its Communications and Public Relations Strategy. So far, these visits have been organized for Akhuwat, Wasil Foundation (formerly known as CWCD), SAFWCO, Kashf MFB, Sungi and Khushhali Bank. All these visits resulted in print and/or electronic media coverage for these organizations. The purpose of the activity is to highlight the positive work being carried out by our members and to share microfinance success stories with journalists. The exposure visits also provide the opportunity to the host MFP to start building independent relationships with the Media. The Pakistan Microfinance Network (PMN or ‘the Network’) traces its beginnings to 1997 when a group of microfinance practitioners laid its foundations as an informal platform for coordination, exchange of ideas and peer learning. Since then the Network has grown significantly and is now recognized locally and globally as the national association for retail players in Pakistan’s microfinance industry. Registered with the Securities and Exchange Commission [SECP] in April 2001 under Section 42 of the Companies Ordinance, PMN is a member driven network with a vision to expand access to formal financial services in Pakistan. HISTORY The Pakistan Microfinance Network finds it origins in 1995 as an informal association based on the exchange of thoughts and experiences between microfinance providers operating in Pakistan. In 1999 this loose collaboration, the Microfinance Group Pakistan, sought and received financial support from the Aga Khan Foundation and the Asia Foundation. Through its expanding and more formalized operations it continued to build confidence and trust amongst donors, government and microfinance institutions. In 2001 it moved successfully to become a separate legal entity under the name of the Pakistani Microfinance Network (PMN). Our Vision Frontiers of Formal Financial Services reach out to all. Our Mission Support the sector, in particular retail MFPs, to enhance scale, quality, diversity and sustainability in order to achieve inclusive financial services. Source: http://www.pmn.org.pk/about_us.php Khushhali Bank Limited (KB) was founded in the year 2000; KB 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, KB 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. KB’s Mandate: Being a commercial based microfinance institution, KB’s purpose is to: Establish a sustainable platform of financial services to the poor accompanied with retail delivery mechanisms. Facilitate an environment where microfinance can prosper within Pakistan. Assist the central bank in setting up an appropriate and a responsive framework where microfinance institutions operate on sustainable grounds, thereby expanding their outreach to the poor. Promote transparency, financial firmness and high quality governance as leading indicators within country’s microfinance sector. The Environment: 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 through: Increased income of poor households. Enhanced outreach particularly to women. Build social capital. Reduce risks faced by the poor. The MSDP provides an integrated package of policy reforms and most optimum means for institutional development, with the objective of outreaching expansion to facilitate growth of the microfinance sector. Source: http://www.khushhalibank.com.pk/about_us/index.php Mr. Ghalib Nishtar is the President and Member of the Board of Directors of Khushhali Bank Ltd, the country’s first microfinance bank established under the Government of Pakistan’s Microfinance Sector Development Programme in Profile the year 2000 with an objective of mobilizing funds and providing sustainable microfinance services to the poor. He was appointed as the founding president of Khushhali Bank in 2000. Before joining the Khushhali Bank he has worked for National Bank of Pakistan and served as the Senior Executive Vice President from 1997- 2000. Mr. Nishtar started his career in 1982 at Bank of America as a management trainee, at that time only large corporations had access to credit and financial services and only industrial corporations were considered worthy of credit risk. Mr. Nishtar had his early schooling from Karachi at Habib Public School. He later moved to Islamabad and did his masters in computer sciences from Quaid-e-Azam University in 1982. Mr. Ghalib Nishtar – President Khushhali Bank interview with media people. Khushhali Bank Limited (KBL) President Ghalib Nishtar said that bank has so far provided around Rs.6 billion soft-term loans to some half a million people with the aim to economic empowerment of those people who could not avail such a facility. ISLAMABAD - http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/21-Jan-2013/kblprovides-rs-6b-loans-to-mitigate-poverty MEDIA VISIT - BRIEF The area manager Mr. Beenesh-ul-Haq, Mr. Fozail and other staff from Khushhali Bank, Communications team from PMN and media persons visited the clients to see how they have utilized the small loans extended by KB. The media persons checked their products and asked questions as to how crucial was the support from KB in setting up their micro level businesses. The media team interviewed the clients and covered their stories in multiple newspapers. The clients shared their perspective and applaud KB’s support in terms of loan advancement which ultimately enabled them to get out of the financial crisis and helped setting up their own micro-businesses. Client’s Profile – Azra Bibi Ms. Azra lived in Tibba Miani village of Samma Satta Tehsil & Distt. Bahawalpur. In year 2002, she was passing through very difficult phase due to increase in her living cost. In the captioned year a soldier’s family came from Gojra and started living in her neighborhood. Soldier’s wife was an expert in knitting. Ms Azra learnt knitting from the soldier’s wife through machine. She monthly paid Rs.500/- to soldier’s wife. After one season she also became an expert in knitting sweaters and jerseys etc. but she faced the problem of funds to buy her own knitting machine and start her own business. One of her relatives told Ms. Azra that Khushhalibank can help her in starting her own business by providing a micro-loan, for which she needs to approach Khushhali Bank and apply for a loan. Ms. Azra applied for the loan which got approve; she purchased a knitting machine through which she can start earning on her own. She was much delighted with the help of Khushhali, she started achieving what she could not think before. Now her monthly sales is Rs.8, 000/- and her current loan cycle is 8. She is very satisfied with the bank and its services. Client’s Profile – Irshad Bibi Ms. Irshad lives in Habib Missin, Bahawalpur and belongs to a very poor family. She had limited resources and her living cost was much higher than available reserves. She tried hard to get any help from her relatives but could not get any support from them. It became very difficult for her to come out from these circumstances. However she showed the determination to come out from these financial crises. She had a God gifted art to paint and made pitchers. But she did not have enough funds to start her own business. Her neighbor told her that Khushhali Bank can help her in this regard. As the Bank is working for the poor persons and aims at poverty alleviation. So, she approached Khushhali Bank and started availing loan from it. At start her monthly sales were less than Rs.5,000/- , but as her hand made painted pitchers become popular across the surrounding villages, her monthly income started increasing. Now at this moment her monthly sales is almost Rs. 12,000/-, and her current loan cycle is 8. She is earning a reasonable profit from it. In her struggle to success, she showed the commitment to work hard and earn money not only for herself but also to support her other family members. She has now become the model for others. For Suggestions & Feedback Email Us At: [email protected] Or [email protected]