Khushhali Microfinance Bank (KMBL), Pakistan’s largest microfinance bank, has signed a MoU with Allied Solar, the official d.light partner in Pakistan. The partnership looks to address Pakistan’s energy consumption needs, as KMBL will now offer Solar Home Systems and Solar Lighting Solutions on easy installments to its customers.
Initially, this service will be launched in Gilgit, Hunza¸ Ghizer, Lodhran, and Sukkur, as KMBL is committed to supporting product innovation for bottom-of-the-pyramid markets that provide economic opportunities to the majority of the population in Pakistan.
Talking about the agreement, President KMBL Ghalib Nishtar said, “Khushhali Microfinance Bank and Allied Solar will work together to address the energy issues of masses living in far-flung areas, a move which will also positively impact their livelihoods.” He further added, “Solar energy is a renewable energy source and exploring such alternative energy sources is an important priority for the country as well given the current shortfall in energy supply.”
Given the energy crisis in the country, this strategic alliance envisages promoting the use of renewable energy by facilitating the bank’s customers in accessing world-class renewable energy products on easy financing services.
KMBL & Allied Solar will also initiate a social awareness campaign to educate the users about the benefits of shifting to renewable energy sources. The products being offered will be from the international brand d.light, the global leader in providing quality off-grid solar products, to ensure sustainability.