iSHRAQ Microfinance
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iSHRAQ Microfinance helps microfinance institutions to improve their efficiency and transparency through comprehensive technology
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iSHRAQ Microfinance
- 1. iSHRAQ*Microfinance ©Copyright 2014 Path Solutions. All Rights Reserved.
- 2. iSHRAQ*Microfinance helps microfinance institutions to improve their efficiency and transparency through comprehensive technology ©Copyright 2014 Path Solutions. All Rights Reserved.
- 3. No collaterals, guarantors, or bank accounts No penalties for late payments Loan full or partial dropping in case of customer death or inability to repay Customer performance tracking for further loan programs Grouping concept to mitigate collection risk (Takaful concept) ©Copyright 2014 Path Solutions. All Rights Reserved. iSHRAQ*Microfinance Loan Programs Business Features
- 4. • Program announcement and applicant registration • Applicant visit and application filling • Primary approval • Encouragement meetings • Commitment proofing fee payment iSHRAQ*Microfinance Loan Programs Typical Financing Cycle ©Copyright 2014 Path Solutions. All Rights Reserved.
- 5. • Attendance of induction course and collection of attendance fee per session • Collection of required application documents, agreement on loan amount and repayment tenure • Final Approval • Insurance company agreement • Group forming, leader selection, and announcing of the periodical meetings’ dates / location • Loan disbursement iSHRAQ*Microfinance Loan Programs Typical Financing Cycle ©Copyright 2014 Path Solutions. All Rights Reserved.
- 6. Apply to other loan programs before or after current loan maturity Apply to the same loan program after its maturity with greater amounts • Periodical meetings for collection of loan and insurance amounts • Periodical visits to follow up on loan usage • Commitment and payment schedule • Compliance with loan usage that allows the customer to: iSHRAQ*Microfinance Loan Programs Typical Financing Cycle ©Copyright 2014 Path Solutions. All Rights Reserved.
- 7. Loan rescheduling request, study, and approval Early settlement and rebate amounts Loan dropping request, study, and approval Arbitration closures Maintenance transaction for the booked loans: ©Copyright 2014 Path Solutions. All Rights Reserved. iSHRAQ*Microfinance Loan Programs Typical Financing Cycle
- 8. • Web-based application, i.e. can be deployed on the Cloud and interfaced with any hi-tech device like mobile or iPad • Flexibility to setup different offerings and automate the credit decision and approval processes ©Copyright 2014 Path Solutions. All Rights Reserved. iSHRAQ*Microfinance - Solution Characteristics
- 9. iSHRAQ*Microfinance - Solution Characteristics ©Copyright 2014 Path Solutions. All Rights Reserved.
- 10. Bahrain . Egypt . India . Indonesia . KSA . Kuwait . Lebanon . Malaysia . Pakistan . Sudan . UAE . UK www.path-solutions.com | info@path-solutions.com ©Copyright 2014 Path Solutions. All Rights Reserved.
Editor's Notes
- Notes: Choose for this page a pic for microfinance institutions ie crowd of people getting loans all together. Put the image on the left Insert the text letter by letter. Background : blue grey All other pages: Same as above layout Choose a pic that depicts the words used like Cycle and solutions etc. The singer and the pots are fine for cycle. Keep the zigzagged arrows you might need to change their colour in slide 6 Last slide: Move the nice blue box. Choose another pic related to what is written End page put path logo and underneath it put info@path-solutions.com and www.path-solutions.com Put the offices under.