emerging islamic micro finance. vision poverty alleviation through enterprise development
TRANSCRIPT
EMERGING ISLAMIC MICRO FINANCE
VISION
POVERTY ALLEVIATION THROUGH
ENTERPRISE DEVELOPMENT
MISSIONTo support the Potential Poor in
Pakistan break out of Poverty cycle by providing them with Need Based borrower friendly credit, Business
development Services and advocating their rights.
SUSTAINABLE ORGANISATION
SUSTAINABLE BORROWER
A BALANCED APPROACH TOWARDS
MICRO FINANCE
ORGANOGRAM
BOARD OF DIRECTORSMr. Mushtaq Pirzada CHAIRMAN
Dr. Shireen Zaffarullah GENERAL SECRETARY
Dr. Waseem Bano FINANCE SECRETARY
Mrs. Samina Islam MEMBER
Mr. Jawaid Tariq MEMBER
Mr. Raza Toor MEMBER
Mr. Abbas Khan MEMBER
Mrs. Khalil Ramdey MEMBER
Mrs. Naseera Bokhari MEMBER
Dr. Tayyaba Nasreen MEMBER
Eng. Arif Toor MEMBER
Mr. Razi-u-Din MEMBER
*Mrs. Farida Tariq, CHIEF EXECUTIVE OFFICER
EXECUTIVE COMMITTEEDr. Shireen ZaffarullahDr. Waseem Bano Mrs. Samina IslamMr. Abbas Khan Mrs. Farida Tariq
AUDIT COMMITTEEDr. Waseem Bano Mr. Raza Toor, ACAMr. Abbas Khan, FCA
ISLAMIC FINANCE DEVELOPMENT TEAM
SHARIAH ADVISOR : Mufti Iftikhar BaigSYSTEM DEVELOPMENT: Ernst & Young
Ford Rhodes Sidat Hyder & Co
LEGAL CONSULTANT: Saleem & Baig Advocates
OPERATIONAL ADVISORS: CWCD
SHARIAH ADVISOR : Mufti Iftikhar BaigSYSTEM DEVELOPMENT: Ernst & Young
Ford Rhodes Sidat Hyder & Co
LEGAL CONSULTANT: Saleem & Baig Advocates
OPERATIONAL ADVISORS: CWCD
1999&2000
Rs.658,0001 Branch Office
1 District
1999&2000
Rs.658,0001 Branch Office
1 District
2001&2002
Rs.1,753,5001 Branch Office
1 District
2001&2002
Rs.1,753,5001 Branch Office
1 District
2003&2004
Rs.12,583,0002 Branch Offices
1 District
2003&2004
Rs.12,583,0002 Branch Offices
1 DistrictEnterprise Development Facility
IntroducedEnterprise Development Facility
Introduced
2005&2006Rs.122,844,0008 Branch Offices
1 District
2005&2006Rs.122,844,0008 Branch Offices
1 District
2007&2008 (30june)
Rs.172,350,00014 Branch Offices
3 District
2007&2008 (30june)
Rs.172,350,00014 Branch Offices
3 District
Vision 2010Rs.1,000,000,00030 Branch Offices
Punjab
TIME LINE
DISTRICTS BEING SERVED:• Lahore• Sheikhupura• Gujranwala
PERFORMANCE HIGHLIGHTS
Total Clients Served to Date 12,352
Total Beneficiaries 49,408
Total Disbursement to Date Rs. 307,974,400
Outstanding Portfolio (as at June 30, 2008) Rs. 122,945,088
Repayment Rate 98%
Operational Cost (per rupee of Loan Disbursed) Rs. 0.26
Operational Self Sufficiency 100%
BUSINESS SECTORS SERVED Trading - 30% Handicraft / Cottages – 24% Manufacturing Light Engineering Works-15% Services Sector – 9% Retailing – 9% Food Agricultural processing – 8% Live Stock – 5%
HOW WE WORK?TARGET ENTERPRISE:•with a capital volume of less than Rs. 500,000/-
(Avg. Enterprise Capital : Rs. 100,000)
PRODUCT PORTFOLIO:
We Serve POTENTIAL POOR Targeting Business not IndividualNeed Based CreditComparatively larger loan sizeGroup & Individual LendingSocial CollateralFlexible Group size
……..CWCD MICRO FINANCE MODEL
BENEFITS OF ISLAMIC MICRO FINANCE
• Riba Free Operations • Shift of Focus to TRADING MODE• Better Internal Controls• Reduced Misutilization of Money in Non
Productive Activities• Overall Benefits to Economic Environment• More Social Acceptability
Business Development Services
Vision Enhancement SessionsSkill Enhancement CoursesValue addition in Product & ProcessBranding, Packing & PackagingMarketing Linkages & Sales SupportSupply Chain DevelopmentRedesigning of Services OutletParticipation in National, Regional Fairs &International Fairs
Health InsurancePoor Borrowers need Health Insurance so that when they or their family
gets ill their business don’t suffer.
•OUTDOOR PATIENT FACILITY is being provided through health clinics developed alongside CWCD branch offices.•INDOOR PATIENT SERVICE at 14 Listed Hospitals of Takaful Pakistan Up to Rs.35,000/- per annum Limit. (also other hospital on reimbursement basis)
CWCD – TAKAFULHEALTH PROJECT
FUTURE PLANS
•To Practice Real Islamic products like;(Musharka & Mudarba)
•To Develop into a TRADE FACILITATING HOUSE rather than a Lending Institution
•Partnerships with Islamic Financial Institutions•Outreach Expansion
WHY INVEST IN CWCD?
Islamic Mode of OperationsLarge Potential MarketCredit Risk covered through TakafulExcellent Performance RecordInnovation and DevelopmentStrong Social Responsibility Statement
Thank you
148- P, Model Town Extension,Lahore, Pakistan.
Tel: (042) 5167135, (042) 5167658
Fax: (042) 5166954www.cwcd.org.pk