KHUSHALI BANK LIMITED

Vision: To be a premier microfinance bank providing service to micro-enterprise & low

income households across Pakistan.
Mission: To strengthen the economic base of low-income populace & microentrepreneurs by improving their accessibility to financial services.
Value: Empower, Excel, Ethics
Name
Rayomond Kotwal
Syed Javed
Geert Peetermans
Ms.Aatiqa Lateef

BOARD OF DIRECTORS
Designation
Name
Chairman
M.Ghalib Nishtar
Director
Lisa.G.Thomas
Director
Peter Kooi
Independent Director

Designation
President/Director
Director
Director

MANAGEMENT
Name
Ghalib Nishtar
Muhammad Farooq
Saleem Akhtar Bukhari
Amina Hassan
Syed Nasir Abbas Naqvi
Ms Lubna Azam Tiwana
Syed Ali Imran Bukhari
Wajid Ali
Sarah Anjam

OOC
KIM
GLP
NPL
EMI
DPD

Designation
President & CEO
Head Operation
Chief Financial Officer
Head Retail Banking
Chief Information Officer
Chief Risk Officer
Chief Compliance Officer
Head Human Resource
Company Secretary & Legal Counsel

ABBREVIATIONS
Operation Officer Cash
OOCS
Khushali Instruction Manual
LP
Gross Loan Portfolio
NLP
Non-Performance Loan
CRR
Equal Monthly Installment
TPP
Day Pass Due
KIC

Operation Officer Client Services

Loan Portfolio
Net Loan Portfolio
Cash Recovery Receipt
Temper Proof Pouch
Khushali Izafa Certificate

Name
Initial Deposit
Profit Margin
Minimum Balance
Other Advantage

KHUSHALI SAVING ACCOUNT

Mehfooz Account
Behtreen Bachat Account
Rs.500
Rs.5000
06 % Per Annum
Up to 10 % Per Annum
No Minimum Balance required
Avg Monthly Balance 25000
--Free Life Insurance

Name
Minimum Investment
Profit Paid
Tenure

KHUSHALI TERM DEPOSIT

Amandani Certificate
Izafa Certificate
Rs.5000
Rs.25000
At Maturity
At Monthly
06 & 12 Months
12 Months

Default: Failure to make obligation.

Loan Loss Reserve: A provision set aside to cover potential losses.
Net Loan Portfolio: Gross Loan Portfolio less the Loan Loss Reserve.
Working Capital: Difference between current assets and current liabilities.
Delinquent: Payment that has been made payable and is overdue and unpaid.
Active Clients: The number of clients with loans outstanding on any given date.
Bad Debt: A debt that is not collectible and is therefore worthless to the creditor.
Collateral: Asset pledged by a borrower to secure a loan, which can be repossessed in
the case of default.
Disbursement: Transfer of financial resources. The disbursement of a micro loan reflects
the transfer of the loan amount from the lending institution to the borrower.
Gross Loan Portfolio: All outstanding principal for all outstanding client loans,
including current, delinquent and restructured loans, but not loans that have been written
off. It does not include interest receivable.
Portfolio at Risk > 30 days: The value of all loans outstanding that have one or more
installments of principal past due more than 30 days. This includes the entire unpaid
principal balance, including both the past due & future installments, but not accrued
interest.
Write off: When an investment, such as a loan, becomes seriously delinquent or in
default and is determined to be uncollectible, the lender may choose to charge the
outstanding investment amount as an expense or a loss.