Microfinance bank receives award

Islamabad—Kashf Microfinance Bank Limited, one of the leading microfinance banks in Pakistan with over 160,000 customers across 27 cities has been awarded the prestigious 2011 Social Performance Reporting Award from MIX-Microfinance Information exchange (MIX),an international organization committed to strengthening financial inclusion and the microfinance sector by promoting transparency. Kashf Microfinance Bank Limited is the only microfinance bank in Pakistan to achieve this award. The award is designed to promote greater transparency in microfinance institutions’ social performance and recognizes transparency in social performance reporting. “We are delighted on achieving this distinction which reaffirms our commitment to supporting  low income workers and entrepreneurs to grow their businesses and create new employment in a socially responsible manner” said the CEO of KMBL, M. Mudassar Aqil. Kashf Microfinance Bank Limited has been committed to the cause of social and environment development since its inception in 2008. The bank serves its mission of poverty alleviation through job creation by giving enterprise loans to micro and small business owners. Since its inception the bank has disbursed Rs. 3.2 billion loans and created over 150,000 new jobs.  The bank also provides savings and deposit products with a special focus on small savers and entrepreneurs Taken from: http://pakobserver.net/detailnews.asp?id=149998