Staff Reporter Karachi
Pakistan’s largest Microfinance institution Khushhali Microfinance Bank Limited (KMBL) has now signed an agreement with Adal Fintech – a Techlogix subsidiary focused on ‘Digital Lending’.
The scope of this collaboration is to provide digital lending services for Small & Medium Enterprises (SMEs) all over the country.
This new partnership will create great value by facilitating retailers and distributors, ensuring convenient access to fully digital financing through instant real-time approval and processing.
The venture aims to transform the distribution side of the supply-chain ecosystem in Pakistan.
This data-driven solution features highly innovative technologies, provided by the Adal Digital Lending Platform.
Based on Artificial Intelligence (AI), this proprietary lending model evaluates the eligibility of each applicant/merchant to qualify and approve their loan more swiftly.
This automation process is fully integrated with the Core-Banking and Digital-Banking systems at Khushhali Bank, delivering real-time credit-disbursement, along with a completely digitized loan-lifecycle, from origination to disbursement and collection.
The President of KMBL – Mr. Ghalib Nishtar expressed his pleasure on the successful automation of the lending lifecycle in Pakistan and said, “This resourceful platform is in line with Khushhali Bank’s commitment to revolutionize financial-inclusion in Pakistan, by nurturing the most advanced digital transaction channels.