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EMERGING ISLAMIC MICRO FINANCE

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  1. EMERGING ISLAMIC MICRO FINANCE

  2. VISION POVERTY ALLEVIATION THROUGH ENTERPRISE DEVELOPMENT

  3. MISSION To support the Potential Poor in Pakistan break out of Poverty cycle by providing them with Need Based borrower friendly credit, Business development Services and advocating their rights.

  4. SUSTAINABLE ORGANISATION SUSTAINABLE BORROWER A BALANCED APPROACH TOWARDS MICRO FINANCE

  5. ORGANOGRAM

  6. BOARD OF DIRECTORS • Mr. Mushtaq Pirzada CHAIRMAN • Dr. Shireen Zaffarullah GENERAL SECRETARY • Dr. Waseem Bano FINANCE SECRETARY • Mrs. Samina Islam MEMBER • Mr. Jawaid Tariq MEMBER • Mr. Raza Toor MEMBER • Mr. Abbas Khan MEMBER • Mrs. Khalil Ramdey MEMBER • Mrs. Naseera BokhariMEMBER • Dr. Tayyaba NasreenMEMBER • Eng. Arif ToorMEMBER • Mr. Razi-u-Din MEMBER • EXECUTIVE COMMITTEE • Dr. Shireen Zaffarullah • Dr. Waseem Bano • Mrs. Samina Islam • Mr. Abbas Khan • Mrs. Farida Tariq • AUDIT COMMITTEE • Dr. Waseem Bano • Mr. Raza Toor, ACA • Mr. Abbas Khan, FCA • *Mrs. Farida Tariq, CHIEF EXECUTIVE OFFICER

  7. ISLAMIC FINANCE DEVELOPMENT TEAM • SHARIAH ADVISOR : Mufti IftikharBaig • SYSTEM DEVELOPMENT: Ernst & Young • Ford Rhodes SidatHyder & Co • LEGAL CONSULTANT: Saleem & Baig • Advocates • OPERATIONAL ADVISORS: CWCD

  8. 2007&2008 (30june) Rs.172,350,000 14 Branch Offices 3 District Vision 2010 Rs.1,000,000,000 30 Branch Offices Punjab TIME LINE 2005&2006 Rs.122,844,000 8 Branch Offices 1 District 2003&2004 Rs.12,583,000 2 Branch Offices 1 District Enterprise Development Facility Introduced 2001&2002 Rs.1,753,500 1 Branch Office 1 District • DISTRICTS BEING SERVED: • Lahore • Sheikhupura • Gujranwala 1999&2000 Rs.658,000 1 Branch Office 1 District

  9. PERFORMANCE HIGHLIGHTS

  10. BUSINESS SECTORS SERVED • Trading - 30% • Handicraft / Cottages – 24% • Manufacturing Light Engineering Works-15% • Services Sector – 9% • Retailing – 9% • Food Agricultural processing – 8% • Live Stock – 5%

  11. HOW WE WORK? • TARGET ENTERPRISE: • with a capital volume of less than Rs. 500,000/- • (Avg. Enterprise Capital : Rs. 100,000) PRODUCT PORTFOLIO:

  12. ……..CWCD MICRO FINANCE MODEL • We Serve POTENTIAL POOR • Targeting Business not Individual • Need Based Credit • Comparatively larger loan size • Group & Individual Lending • Social Collateral • Flexible Group size

  13. BENEFITS OF ISLAMIC MICRO FINANCE • Riba Free Operations • Shift of Focus to TRADING MODE • Better Internal Controls • Reduced Misutilization of Money in Non Productive Activities • Overall Benefits to Economic Environment • More Social Acceptability

  14. Business Development Services • Vision Enhancement Sessions • Skill Enhancement Courses • Value addition in Product & Process • Branding, Packing & Packaging • Marketing Linkages & Sales Support • Supply Chain Development • Redesigning of Services Outlet • Participation in National, Regional Fairs &International Fairs

  15. Health Insurance Poor Borrowers need Health Insurance so that when they or their family gets ill their business don’t suffer. CWCD – TAKAFUL HEALTH PROJECT • OUTDOOR PATIENT FACILITY is being provided through health clinics developed alongside CWCD branch offices. • INDOOR PATIENT SERVICE at 14 Listed Hospitals of Takaful Pakistan Up to Rs.35,000/- per annum Limit. (also other hospital on reimbursement basis)

  16. FUTURE PLANS • To Practice Real Islamic products like; • (Musharka & Mudarba) • To Develop into a TRADE FACILITATING HOUSE rather than a Lending Institution • Partnerships with Islamic Financial Institutions • Outreach Expansion

  17. WHY INVEST IN CWCD? • Islamic Mode of Operations • Large Potential Market • Credit Risk covered through Takaful • Excellent Performance Record • Innovation and Development • Strong Social Responsibility Statement

  18. Thank you 148- P, Model Town Extension, Lahore, Pakistan. Tel: (042) 5167135, (042) 5167658 Fax: (042) 5166954 www.cwcd.org.pk cwcd@cwcd.org.pk