KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first digital financing product dedicated exclusively to women-led Micro, Small, and Medium Enterprises (MSMEs), according to a press release on Monday.
The product, titled ‘Khudmukhtar Khatoon’, has been developed by Walee Financial Services (Private) Limited, a licensed Non-Banking Finance Company (NBFC). It offers Shariah-compliant asset financing ranging from Rs100,000 to Rs1.5 million, with the final amount for each borrower determined by the credit assessment.
The financing facility will be delivered through the company’s existing digital lending application, ‘Hakeem’, allowing eligible applicants to complete the entire process online. Approved funds may be used to purchase business-related assets through the platform’s integrated marketplace, with items delivered directly to borrowers’ registered addresses. Repayment is structured in equal monthly instalments over up to twelve months.
The initiative is part of the SECP’s broader agenda to promote financial inclusion for women entrepreneurs, a segment that has historically been underserved in formal financial markets.Walee Financial Services is currently engaged in digital nano-financing through its mobile application. Approval of Khudmukhtar Khatoon expands its scope from consumer financing to the MSME segment.
Lending NBFCs have collectively disbursed approximately Rs111 billion to around 7.5 million micro and small businesses during the July-December 2025 period, reflecting the sector’s growing role in reaching underserved borrowers.
