To map the differences in the landscape for microfinance globally, the Micro-credit Summit Campaign (MSC) has launched a status report that addresses the latest issues faced by the industry and the micro-credit facilities on offer throughout the region.
The report also shares details on a new initiative by MSC, which is designed to recognise institutions from the globe that are committed to the economic uplifting of the people. Under this very initiative, the MSC ranks Khushhalibank, a premier Pakistani microfinance organisation, as one of the biggest microfinance entities of the region currently served two and a half million relationships and 400,000 active clients. Commenting on this announcement, Ghalib Nishtar, President, Khushhalibank stated.
"The ranking of Khushhalibank amongst the biggest microfinance organisations in the region reflects our firm resolve and sheer commitment to empower the people of Pakistan." Further commenting on the micro credit facilities available in Pakistan, he said: "Access to credit for self-employment and other financial and business services must be given to the poor families of Pakistan. These facilities will help them overcome the harsh realities and cruelties of extreme poverty." According to the report, more than 128 million of the world's poorest families received micro loans in 2009, which is an all-time high.-PR
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