The Securities and Exchange Commission of Pakistan (SECP) has granted approval for the country's first digital financing product exclusively targeting women-led Micro, Small and Medium Enterprises (MSMEs). The product, named 'Khudmukhtar Khatoon,' is developed by M/s. Walee Financial Services (Private) Limited, a licensed Non-Banking Finance Company (NBFC).
Product Details and Financing Range
Under this initiative, women entrepreneurs can access asset financing ranging from Rs 100,000 to Rs 1.5 million, with the exact amount determined by the credit assessment of each borrower. The financing is Shariah-compliant and fully digital, delivered through Walee's existing whitelisted digital lending application, 'Hakeem.' Eligible applicants can complete the entire process online without physical paperwork.
Purpose and Repayment Terms
The approved financing can be used to purchase business-related assets via an integrated marketplace within the platform. Selected assets are delivered directly to the borrower's registered address. Repayment is structured in equal monthly installments over a period of up to twelve months, allowing women-led enterprises to acquire productive assets while managing cash flows effectively.
Strategic Importance for Financial Inclusion
SECP's approval marks a significant step toward promoting financial inclusion and expanding access to formal finance for women entrepreneurs, a segment traditionally underserved in Pakistan. Walee Financial Services, previously focused on digital nano-financing through its app, can now expand into MSME financing with this product.
Role of NBFCs in Unexplored Segments
Lending NBFCs have been instrumental in extending finance to unexplored sectors in Pakistan. According to SECP, during the half-year period from July 2025 to December 2025, NBFCs collectively disbursed financing of approximately PKR 111 billion to around 7.5 million micro and small businesses, demonstrating their growing role in financial inclusion.
