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Khushhali Bank and Greenlight Planet to Provide Financing For Solar Energy

Khushhali Microfinance Bank and Greenlight Planet Partner to Provide Financing to Advance Solar Energy Access

Khushhali Microfinance Bank (KMBL), Pakistan’s largest microfinance bank, has partnered with Greenlight Planet, a global leader in solar home energy products. The partnership looks to address Pakistan’s energy consumption needs in a sustainable manner, as Khushhali Bank will now offer Greenlight Planet’s Sun KingTM range of Solar Home Systems and Lighting Solutions on easy installments to its customers.

The MoU has been aided by IFC under their Lighting Pakistan Program. IFC introduced their Associate Greenlight Planet and their country supplier to Khushhali Bank to help financing options for quality verified solar lighting solutions at a customer level. Lighting Pakistan Program will also provide support in consumer awareness campaigns, training and market intelligence.

Talking about the accord, President KMBL, Ghalib Nishtar said, “Khushhali Microfinance Bank is collaborating with Greenlight Planet to facilitate the provision of Sun KingTM range of transformational solar products for underserved customers and address energy issues of masses living in far-flung areas with a particular focus on off-grid areas. This move will also definitely impact the livelihoods of people in these areas.”

“We are looking forward to increasing Greenlight Planet’s footprint across Sindh and enable inexpensive, clean and reliable Sun King ™ branded off-grid solar solutions for our customers,” he further added.

Tariq Zaman, Global Partnerships Manager, Greenlight Planet said on the occasion, “This partnership marks a significant step towards using sustainable, clean energy to power Pakistan. Our endeavor will be to provide more sophisticated products across villages through continuous research and innovation based on consumer insights and customer engagement initiatives.”

Given the energy crisis in the country, this planned 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 and Greenlight Planet will also initiate a social awareness campaign to educate the users about the benefits of shifting to renewable energy sources.

This facility will be launched at Hyderabad, Thatta, Badin, Mirpur Khas, Tando Allahyar, and Nawab Shah as Khushhali Bank is committed to supporting product innovation for a bottom of the pyramid markets that provide economic opportunities to the majority of the population in Pakistan.

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