Islamabad (GNP): Securities and Exchange Commission of Pakistan (SECP) has given the go-ahead for the country’s first digital financing product built exclusively for women-owned Micro, Small and Medium Enterprises (MSMEs), marking a concrete step toward widening formal financial access for a segment long left out of the mainstream lending market.
The product, named “Khudmukhtar Khatoon,” has been developed by Walee Financial Services (Private) Limited and offers fully digital, Shariah-compliant asset financing tailored to the needs of women-run small businesses. Eligible borrowers can receive between PKR 100,000 and PKR 1.5 million, with the actual amount determined through an individual credit assessment.
Applications and the entire financing process will run through the company’s existing digital lending app, “Hakeem,” which is already whitelisted for lending operations. Once approved, borrowers can use the funds to purchase business-related assets through an integrated marketplace built into the platform, with purchased items delivered straight to the borrower’s registered address. Repayment is structured as equal monthly installments over up to twelve months, giving women entrepreneurs a manageable way to acquire productive assets without disrupting their cash flow.
Walee Financial Services is a licensed Non-Banking Finance Company (NBFC) currently active in investment finance and digital nano-financing through its mobile platform. The SECP’s approval of Khudmukhtar Khatoon allows the company to move beyond consumer financing and into the MSME space for the first time.
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The broader NBFC lending sector has been making inroads into underserved markets: lending NBFCs collectively extended roughly PKR 111 billion to approximately 7.5 million micro and small businesses in the six months between July and December 2025, underscoring the sector’s growing role in reaching borrowers that traditional financial institutions have historically bypassed.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
