Khushhali Microfinance Bank, Pakistan’s largest microfinance bank signed on Friday a Value Chain Financing agreement with SRE Solutions (Smart and Renewable Solutions) Pvt. Limited – a firm specializing in solar-powered energy equipment for homes & businesses.

Khushhali Microfinance Bank will provide financing for various models of ‘Solar Magic Box’ – an affordable plug and play device that can be used for generating electricity for Household as well as small businesses in off-grid areas of the country. The agreement was signed by President Khushhali Microfinance Bank, Ghalib Nishtar and Chief Executive Officer SRE Solutions Pvt. Limited, Fakhar Khalifa at Islamabad.

“This agreement with SRE Solutions is significant since it comes at a crucial time,” said President Khushhali Microfinance Bank, Ghalib Nishtar. “Khushhali Microfinance Bank and SRE Solutions will work together to address energy issues of the masses living in far-flung areas and support them in activities that support their livelihood,” President Ghalib Nishtar added. “Solar energy is a renewable energy source and an exploring alternative energy sources is an important priority for the country as well.”

Fakhar Khalifa, CEO of SRE Solutions, reiterated his resolve to make an impact on the country’s economy by providing affordable and efficient solar-powered solutions of international standards to disadvantaged entrepreneurs through joint partnerships with institutions such as Khushhali Microfinance Bank.

Khushhali Microfinance Bank is committed to support product innovation for bottom of the pyramid markets that provide economic opportunities to the majority of the population in Pakistan.