Khushhali Microfinance Bank Offerig Renewable Energy Solutions With Allied Solar

The Khushhali Microfinance Bank (KMBL) has signed a Memorandum of Understanding (MoU) with Allied Solar to address Pakistan's energy consumption needs.

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Jul, 2018 ) :The Khushhali Microfinance Bank (KMBL) has signed a Memorandum of Understanding (MoU) with Allied Solar to address Pakistan's energy consumption needs. Under the MoU, KMBL would now offer Solar Home Systems and Solar Lighting Solutions on easy installments to its customers, said a statement issued by the bank here Monday.

� Talking about the agreement, President KMBL, Ghalib Nishtar said that KBML and Allied Solar would work together to address the energy issues of masses living in far-flung areas, a move which would also positively impact their livelihoods. "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," he said.

Given the energy crisis in the country, this strategic alliance envisages to promote the use of renewable energy by facilitating the bank's customers in accessing world class renewable energy products on easy financing services. KMBL and Allied Solar would also initiate a social awareness campaign to educate the users about the benefits of shifting to renewable energy sources.

The products being offered would be from the international brand d.light, the global leader in providing quality off grid solar products, to ensure sustainability. Initially, this service would be launched at Gilgit, Hunza Ghizer, Lodhran and Sukkur, as KMBL was committed to supporting product innovation for bottom of the pyramid markets that provide economic opportunities to the majority of the population in Pakistan.