Integrating the first microfinancebank and social protection
Download
1 / 18

Integrating The First MicroFinanceBank and Social Protection - PowerPoint PPT Presentation


  • 121 Views
  • Uploaded on

Integrating The First MicroFinanceBank and Social Protection. Next Generation Access to Finance September 18, 2007 Washington DC. Structure of Presentation. Situation Analysis; Poverty in Pakistan State of social protection in Pakistan

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Integrating The First MicroFinanceBank and Social Protection' - tegan


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Integrating the first microfinancebank and social protection

Integrating The First MicroFinanceBank and Social Protection

Next Generation Access to Finance

September 18, 2007

Washington DC


Structure of presentation
Structure of Presentation

  • Situation Analysis;

    • Poverty in Pakistan

    • State of social protection in Pakistan

  • Strategy for Improvement; Integrating The First MicroFinanceBank Ltd and Aga Khan Development Network


Poverty in pakistan defined
Poverty in Pakistan Defined

  • Rural Poverty: 36% in 1998-99 (71% population in rural areas)

  • 56% of sample population – vulnerable

    • 75% of vulnerable are chronic poor

  • 42% of population in households with illiterate heads is poor

    • Literacy rate among poor is 28% (49%; non-poor)

    • Literacy in Poor rural women: 9%

    • Net primary level enrolment is 42% for poor (lowest for rural women)

Source: World Bank

Experience of AKDN


Poverty in pakistan defined1
Poverty in Pakistan Defined

  • Mother and Child Care

    • Infant and Child Mortality at 82 and 116 per 1000

    • 41% of births unattended by trained professionals

  • Built Environment

    • 59% of poor live in houses with no toilets

    • 8% poor have access to underground drains

Social Protection by

The First MicroFinanceBank Ltd


Situation analysis
Situation Analysis

Social Protection Funding

  • Zakat and Ushr

  • Employee Old Age Benefits Institution

  • Wheat Subsidy

  • Worker’s Welfare Funds

  • Khushal Pakistan

  • Social Action Program

  • Microfinance




The first microfinancebank ltd not a profit maximizing institution
The First MicroFinanceBank LtdNot a profit maximizing institution

  • Permanent Establishment; Bank

  • Corporate Objective: Poverty alleviation while covering inflation adjusted costs

  • Financial Transparency Awards for 2005 and 2006

  • Non-executive board of directors

  • 20 years rural microfinance experience / 6 years MFB

  • Credit rating ST A1+ and MT A+ for 4 years

  • Year end 2007 branch network of 81

  • Fully automated branch network


The first microfinancebank
The First MicroFinanceBank

  • Increased funding driven by credibility

  • Low administration cost given cross sell

  • Trained human resource to identify poorest

  • Network with Aga Khan Development Network and other agencies

    • Aga Khan Health Services

    • Aga Khan Education Services

    • Social Welfare institution for food security


Poverty as defined by the first microfinancebank ltd
poverty as defined by The First MicroFinanceBank Ltd


Identification by the first microfinancebank ltd
Identification by The First MicroFinanceBank Ltd


I dentification m echanism
identification mechanism



Smart card technology
smart card technology

  • Client family data stored

  • Reduced leakage

  • Strong implementation of beneficiary exit strategy

  • Improved efficiency





New structure
new structure

  • Institutional Credibility

  • In-built mechanism to filter non destitute

  • Classification of destitute

    • Permanent

    • Temporary

  • Temporary protection to latter group

  • Well defined exist strategy

  • Smart card technology