Farz Methodology Presentation
Upcoming SlideShare
Loading in...5
×
 

Farz Methodology Presentation

on

  • 1,029 views

Methodology Presentation of FARZ Foundation.

Methodology Presentation of FARZ Foundation.

Statistics

Views

Total Views
1,029
Views on SlideShare
1,021
Embed Views
8

Actions

Likes
0
Downloads
15
Comments
0

2 Embeds 8

http://www.farzfoundation.org 6
http://farzfoundation.org 2

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Farz Methodology Presentation Farz Methodology Presentation Presentation Transcript

    • 1
      First Islamic Microfinance in Pakistan
    • FARZ METHODOLOGY
      2
    • Vision
      “To bring social change through poverty alleviation
      by improving productivity and capacity of clients and staff”
      3
      First Islamic Microfinance in Pakistan
    • 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
    • Farz Methodology
      5
      First Islamic Microfinance in Pakistan
      FF support to client’s for Enhance its Business income
      Needs & Wants of one Family
      Average life of family
      40 year
      Star
      t
      Female (Avg 20 year old)
      Profitable Business
      Child Future Protection
      OtherSource of Income
      Health
      Asset Building
      Family
      Male (Avg 20 year old)
      FF create habit in Client’s Life that they build asset through “FARZ COMMITTEE”
      FF Save health Expanses of their Clients through “Health Care Services”
      FF Aware to clients that they focus on their children Education through “Children Education Awareness program”
      FF facilitate to their Clients for creating other source of income through “Mudarbaha”
    • An Integrated Approach
      6
      First Islamic Microfinance in Pakistan
    • TARGET MARKET
      7
      First Islamic Microfinance in Pakistan
    • Product Packages for Each Market
      Lower
      8
      First Islamic Microfinance in Pakistan
    • Murabaha
      First Islamic Microfinance in Pakistan
      9
    • MurabahaTarget for One Social Center (Branch)
      First Islamic Microfinance in Pakistan
      10
      Year 1st
    • Clients Graduation Strategy
      11
    • Identification of Area for Operation
      • To allocate the Area for Social Center (Branch)
      • To allocate the Potential working areas for social center
      • Product need assessment.
      • Potential businesses.
      • Cash flow of different businesses.
      • Size of micro trade.
      12
      First Islamic Microfinance in Pakistan
    • Staff Hiring
      • Add for staff hiring in local News paper.
      • Collection of CVs as per given date.
      • Short listing of CVs and finalize prospective
      Candidates for interview.
      • Sending calling letters to all selected interviewees.
      • Conduct 1st interview
      13
      First Islamic Microfinance in Pakistan
    • 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
      • Farz Methodology
      • Basic Selection criteria of FARZ FOUNDATION
      • Area survey
      • Effective Mobilization skills
      • Clients appraisal training
      • Cluster formation steps
      • Conduct of community meetings
      • Customer relationship management
      • Social performance management
      • Delinquency management
      • Monitoring
      14
      • Three days on the job training to the staff.
      • Basic Selection criteria of FARZ FOUNDATION
      • Area survey
      • Effective Mobilization skills
      • Clients appraisal training
      • Cluster formation steps
      • Conduct of community meetings
      • Customer relationship management
      • Social performance management
      • Monitoring
      • Islamic banking & finance . Conventional microfinance
      • Farz Methodology
      • Interview and selection for one month internship
      • Selection for 11 month on a contract.
      • After 11 month, contract extension / permanent employee.
      15
    • Social Center (Branch) Opening
      • Social Center Opening Ceremony
      • Mobilization
      16
      First Islamic Microfinance in Pakistan
    • Kicking of Operations
      Branch Structure
      Office Boy
      17
      First Islamic Microfinance in Pakistan
    • Cluster structure
      18
      First Islamic Microfinance in Pakistan
      Cluster Committee
    • Delivery Process
      19
      First Islamic Microfinance in Pakistan
    • MOBILIZATION
      • Identification of potential clients within above mention target market.
      • Identification of the potential businesses.
      20
      First Islamic Microfinance in Pakistan
    • 21
      First Islamic Microfinance in Pakistan
    • COMMUNITY MEETING
      • What is the eligibility criteria for taking our product
      • Systems and procedures for taking our product.
      • Your and our responsibilities for managing social performance at cluster level.
      • Introduction of program.
      22
      First Islamic Microfinance in Pakistan
    • HOME SCREENING + Know Your Client & Application Form Filling
      • Verification of Client’s according to the member selection Criteria
      • Information Collection (Home Related)
      23
      First Islamic Microfinance in Pakistan
    • 24
      First Islamic Microfinance in Pakistan
    • 25
      First Islamic Microfinance in Pakistan
    • 26
      First Islamic Microfinance in Pakistan
    • 27
      First Islamic Microfinance in Pakistan
    • BUSINESS SCREENING + Know Your Client & Application Form Filling
      • Verification of Client’s Business according to the member selection Criteria
      • Financial Analysis
      • Repayment Capacity
      • Business Information Collection
      28
      First Islamic Microfinance in Pakistan
    • 29
      First Islamic Microfinance in Pakistan
    • 30
      First Islamic Microfinance in Pakistan
    • 31
      First Islamic Microfinance in Pakistan
    • 32
      First Islamic Microfinance in Pakistan
    • FINAL FORMATION MEETING Approval of Trade (Murabaha)
      • Briefing to the Clients about Sale, purchase, price, cost, profit, sale agreement, System, Procedures and repayments Schedule
      33
      First Islamic Microfinance in Pakistan
    • 34
      First Islamic Microfinance in Pakistan
    • 35
      First Islamic Microfinance in Pakistan
    • ASSET/STOCK PURCHASING
      • Selection of standardize Venders/Whole Sellers
      • To Purchasing of Asset / Stock as per demand of Client’s Business
      36
      First Islamic Microfinance in Pakistan
    • 37
      First Islamic Microfinance in Pakistan
    • SALE AGREEMENT and DELIVERY OF ASSET/STOCK
      • Transparency of Sale Agreement
      • Transfer of Ownership
      38
      First Islamic Microfinance in Pakistan
    • 39
    • 40
      First Islamic Microfinance in Pakistan
    • MONITORING & EVALUATION
      41
      First Islamic Microfinance in Pakistan
    • MONITORING & EVALUATION
      • Daily, weekly, monthly, quarterly and six monthly reports system.
      • Field visits of bottom to top Management.
      • Fortnightly Meetings with 100% Clients.
      • Social Performance Management.
      42
      First Islamic Microfinance in Pakistan
    • 43
      First Islamic Microfinance in Pakistan
    • 44
      First Islamic Microfinance in Pakistan
    • Asset Building
      45
      First Islamic Microfinance in Pakistan
    • Farz Committee
      46
      First Islamic Microfinance in Pakistan
    • Committee Group
      47
      First Islamic Microfinance in Pakistan
    • First Islamic Microfinance in Pakistan
      48
      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
    • First Islamic Microfinance in Pakistan
      49
      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)
    • First Islamic Microfinance in Pakistan
      50
      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)
    • 51
      First Islamic Microfinance in Pakistan
    • Health Care
      52
      First Islamic Microfinance in Pakistan
    • Health Care
      • Organizing Eye care Camps
      • Health Awareness Program
      53
      First Islamic Microfinance in Pakistan
    • 54
      First Islamic Microfinance in Pakistan
    • Future Protection Program
      55
      First Islamic Microfinance in Pakistan
    • Future Protection Program
      • Educational Support to Community children
      56
      First Islamic Microfinance in Pakistan
    • Entrepreneur Development Program
      57
      First Islamic Microfinance in Pakistan
    • Clients Capacity Building Strategy
      58
    • 59
      First Islamic Microfinance in Pakistan