Methodology final

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Methodology final

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

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