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Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
Methodology final
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Methodology final

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  • 1. 1
    First Islamic Microfinance in Pakistan
  • 2. FARZ METHODOLOGY
    2
  • 3. Vision
    “To bring social change through poverty alleviation
    by improving productivity and capacity of clients and staff”
    3
    First Islamic Microfinance in Pakistan
  • 4. Mission
    Empowering the poor through innovative products and diverse
    business opportunities, by integrating social performance
    focused microfinance with collaborative community health and
    education partnerships.
    4
  • 5. FARZ METHODOLOGYGraphically Concept
    First Islamic Microfinance in Pakistan
    5
  • 6. 6
    Step-1
    Intend to do
    Our Target Household
    Offer for Membership through Murabaha
    Request for Membership through Murabaha
    Business
    Household
    Membership
    done via Female
    Step-2 Murabaha
    Step-1 Takaful
  • 7. 7
    Step-2
    Meet Business Expanses
    Business
    Household
    Reinvestment in Business
    Profit generated from Business
    Business
    Member
    Meet Household Expanses
    Installment of Farz Committee
    Business Education
    Step-3
  • 8. 8
    Step-3
    Business
    Household
    Profit generated from Business
    Business
    Member
    Installment of Farz Committee
    Member gives installment to FF
    Farz Committee Pool
    FF Provides facility to client (See Farz Committee)
  • 9. 9
    Step-3-a
    Process of Farz Committee
    From every 3rd to 11th,member gets the total collection2,200 through a monthly lucky Draw . (1st and 2nd collection go to FF & group organizer)
    Share PKR:200
    In Committee Pool
    Farz Foundation as 1 Member
    Committee Pool and total Collection= PKR: 2,200
    Committee Group Member
    10 Members of Community from One Cluster
    Each Member Share PKR:200 In Committee Pool
  • 10. 10
    Step-3-b
    Process of Farz Committee
    Committee Pool and Total Collection= PKR: 2,200
    Committee Group Member
    PKR: 2,200 +220 in one year
    To meet immediate Needs
    Members get PKR: 2,440 after one Year or Monthly PKR:20
    Members do partnership with FF
    PKR: 2,200
    Build asset
    Option
    Reinvest in Core Business
    Investment Poolof Farz Foundation (FF & Community are partners in MURABAHA Business)
    FF generates other source of Income for their Client
  • 11. 11
    Step-4
    Health Care Awareness
    FF Provides health care awareness to clients
    Household
  • 12. 12
    Step-5
    Future Protection Program
    FF gives awarness to clients about their children’s education through “Children Education Awareness Program”
    Household
  • 13. FARZ METHODOLOGY
    First Islamic Microfinance in Pakistan
    13
  • 14. An Integrated Approach
    14
    First Islamic Microfinance in Pakistan
  • 15. TARGET MARKET
    15
    First Islamic Microfinance in Pakistan
  • 16. Product Packages for Each Market
    Lower
    16
    First Islamic Microfinance in Pakistan
  • 17. Murabaha
    First Islamic Microfinance in Pakistan
    17
  • 18. MurabahaTarget for One Social Center (Branch)
    First Islamic Microfinance in Pakistan
    18
    Year 1st
  • 19. Clients Graduation Strategy
    19
  • 20. Identification of Area for Operation
    • To allocate the Area for Social Center (Branch)
    • 21. To allocate the Potential working areas for social center
    • 22. Product need assessment.
    • 23. Potential businesses.
    • 24. Cash flow of different businesses.
    • 25. Size of micro trade.
    20
    First Islamic Microfinance in Pakistan
  • 26. Staff Hiring
    • Add for staff hiring in local News paper.
    • 27. Collection of CVs as per given date.
    • 28. Short listing of CVs and finalize prospective
    Candidates for interview.
    • Sending calling letters to all selected interviewees.
    • 29. Conduct 1st interview
    21
    First Islamic Microfinance in Pakistan
  • 30. Capacity Building of Staff
    • To deliver the orientation of FARZ FOUNDATION to
    final candidates for jobs.
    • To deliver three days Step-in-Training to all Selected
    staff.(In house)
    • Islamic banking & finance . Conventional microfinance
    • 31. Farz Methodology
    • 32. Basic Selection criteria of FARZ FOUNDATION
    • 33. Area survey
    • 34. Effective Mobilization skills
    • 35. Clients appraisal training
    • 36. Cluster formation steps
    • 37. Conduct of community meetings
    • 38. Customer relationship management
    • 39. Social performance management
    • 40. Delinquency management
    • 41. Monitoring
    22
  • 42.
    • Three days on the job training to the staff.
    • 43. Basic Selection criteria of FARZ FOUNDATION
    • 44. Area survey
    • 45. Effective Mobilization skills
    • 46. Clients appraisal training
    • 47. Cluster formation steps
    • 48. Conduct of community meetings
    • 49. Customer relationship management
    • 50. Social performance management
    • 51. Monitoring
    • 52. Islamic banking & finance . Conventional microfinance
    • 53. Farz Methodology
    • 54. Interview and selection for one month internship
    • 55. Selection for 11 month on a contract.
    • 56. After 11 month, contract extension / permanent employee.
    23
  • 57. Social Center (Branch) Opening
    • Social Center Opening Ceremony
    • 58. Mobilization
    24
    First Islamic Microfinance in Pakistan
  • 59. Kicking of Operations
    Branch Structure
    Office Boy
    25
    First Islamic Microfinance in Pakistan
  • 60. Cluster structure
    26
    First Islamic Microfinance in Pakistan
    Cluster Committee
  • 61. Delivery Process
    27
    First Islamic Microfinance in Pakistan
  • 62. MOBILIZATION
    • Identification of potential clients within above mention target market.
    • 63. Identification of the potential businesses.
    28
    First Islamic Microfinance in Pakistan
  • 64. 29
    First Islamic Microfinance in Pakistan
  • 65. COMMUNITY MEETING
    • What is the eligibility criteria for taking our product
    • 66. Systems and procedures for taking our product.
    • 67. Your and our responsibilities for managing social performance at cluster level.
    • 68. Introduction of program.
    30
    First Islamic Microfinance in Pakistan
  • 69. HOME SCREENING + Know Your Client & Application Form Filling
    • Verification of Client’s according to the member selection Criteria
    • 70. Information Collection (Home Related)
    31
    First Islamic Microfinance in Pakistan
  • 71. 32
    First Islamic Microfinance in Pakistan
  • 72. 33
    First Islamic Microfinance in Pakistan
  • 73. 34
    First Islamic Microfinance in Pakistan
  • 74. 35
    First Islamic Microfinance in Pakistan
  • 75. BUSINESS SCREENING + Know Your Client & Application Form Filling
    • Verification of Client’s Business according to the member selection Criteria
    • 76. Financial Analysis
    • 77. Repayment Capacity
    • 78. Business Information Collection
    36
    First Islamic Microfinance in Pakistan
  • 79. 37
    First Islamic Microfinance in Pakistan
  • 80. 38
    First Islamic Microfinance in Pakistan
  • 81. 39
    First Islamic Microfinance in Pakistan
  • 82. 40
    First Islamic Microfinance in Pakistan
  • 83. FINAL FORMATION MEETING Approval of Trade (Murabaha)
    • Briefing to the Clients about Sale, purchase, price, cost, profit, sale agreement, System, Procedures and repayments Schedule
    41
    First Islamic Microfinance in Pakistan
  • 84. 42
    First Islamic Microfinance in Pakistan
  • 85. 43
    First Islamic Microfinance in Pakistan
  • 86. ASSET/STOCK PURCHASING
    • Selection of standardize Venders/Whole Sellers
    • 87. To Purchasing of Asset / Stock as per demand of Client’s Business
    44
    First Islamic Microfinance in Pakistan
  • 88. 45
    First Islamic Microfinance in Pakistan
  • 89. SALE AGREEMENT and DELIVERY OF ASSET/STOCK
    • Transparency of Sale Agreement
    • 90. Transfer of Ownership
    46
    First Islamic Microfinance in Pakistan
  • 91. 47
  • 92. 48
    First Islamic Microfinance in Pakistan
  • 93. MONITORING & EVALUATION
    49
    First Islamic Microfinance in Pakistan
  • 94. MONITORING & EVALUATION
    • Daily, weekly, monthly, quarterly and six monthly reports system.
    • 95. Field visits of bottom to top Management.
    • 96. Fortnightly Meetings with 100% Clients.
    • 97. Social Performance Management.
    50
    First Islamic Microfinance in Pakistan
  • 98. 51
    First Islamic Microfinance in Pakistan
  • 99. 52
    First Islamic Microfinance in Pakistan
  • 100. Asset Building
    53
    First Islamic Microfinance in Pakistan
  • 101. Farz Committee
    54
    First Islamic Microfinance in Pakistan
  • 102. Committee Group
    55
    First Islamic Microfinance in Pakistan
  • 103. First Islamic Microfinance in Pakistan
    56
    1st Month of Committee
    1st Total Collection of Committee Pool goes to Farz Foundation
    Share PKR:200
    In Committee Pool
    Farz Foundation as a Member
    Committee Pool and Total Collection= PKR: 2,200
    Farz Foundation as Committee Manager (FF)
    10 Members of Community from One Cluster
    Each Member Share PKR:200 In Committee Pool
  • 104. First Islamic Microfinance in Pakistan
    57
    2nd Month of Committee
    Share PKR:200
    In Committee Pool
    2nd month Total Collection of Committee Pool goes to Committee Group Organizer
    Farz Foundation as 1 Member
    Committee Pool and Total Collection= PKR: 2,200
    Committee Group Organizer
    10 Members of Community from One Cluster
    PKR: 2,200
    PKR: 2,200 +220 in one year
    Members become partner of FF
    Members get PKR: 2,440 after one Year or Monthly PKR:20
    Each Member Share PKR:200 In Committee Pool
    Investment Poolof Farz Foundation (FF & Community are partner in MURABAHA Business)
  • 105. First Islamic Microfinance in Pakistan
    58
    3rd to 11th Month of Committee
    3rd to 11th, every month Total Collection of Committee Pool goes to Committee Members through Lucky Draw
    Share PKR:200
    In Committee Pool
    Farz Foundation as 1 Member
    Committee Pool and Total Collection= PKR: 2,200
    Committee Group Member
    10 Members of Community from One Cluster
    PKR: 2,200 +220 in one year
    PKR: 2,200
    Members get PKR: 2,440 after one Year or Monthly PKR:20
    Members do partnership with FF
    Each Member Share PKR:200 In Committee Pool
    Investment Poolof Farz Foundation (FF & Community are partner in MURABAHA Business)
  • 106. 59
    First Islamic Microfinance in Pakistan
  • 107. Health Care
    60
    First Islamic Microfinance in Pakistan
  • 108. Health Care
    • Organizing Eye care Camps
    • 109. Health Awareness Program
    61
    First Islamic Microfinance in Pakistan
  • 110. 62
    First Islamic Microfinance in Pakistan
  • 111. Future Protection Program
    63
    First Islamic Microfinance in Pakistan
  • 112. Future Protection Program
    • Educational Support to Community children
    64
    First Islamic Microfinance in Pakistan
  • 113. Entrepreneur Development Program
    65
    First Islamic Microfinance in Pakistan
  • 114. Clients Capacity Building Strategy
    66
  • 115. 67
    First Islamic Microfinance in Pakistan

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