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Project Location within Country:
District Hyderabad of Sindh Province
Name of Client:
MDF Own Resources
Beneficiar(ies):
The Women Entrepreneurs intending to initiate Small Business.
Start Date (Month/year):1st July, 2014 |
Expected Completion Date: Continued |
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Name of Senior Staff Involved and Functions Performed
Adnan Ahmed Memon , Manager MER.
Prepare Microcredit Policy and its Risk Mitigation StrategyIdentification and Assessment of Beneficiaries
Disbursement of Cheques to Women Loanees
Monitoring of the project
Follow up of the Beneficiaries Loan Utilization Activities
Reporting and presentation to Senior Management
Description of Project
Microfinance gives the masses and underprivileged section of the society, access to business opportunities and the power to overcome ossified social structures. Apart from the benefit of creating social equality in business arena, microfinance acts extraordinarily effective in eradicating poverty. Microfinance is defined as an entire range of financial (small loans) and non-financial services including skill enhancement and entrepreneurial development, rendering to the poor for enabling them to overcome poverty.
Scope of the Services
Comprehensive assessment of the Beneficiaries
Identification of beneficiaries
Disbursement of Loan to Beneficiaries
Follow Up and Recovery of the Provided Loans
Mobilization and motivation of the community to Utilize and Repay Loans
Provision of Capacity Building Services for Business Growth
Services Provided
Mobilize Communities to take Loans
Provide small loans ranging from PKR 10,000 – 20,000 to Beneficiaries
Select potential beneficiaries within the communities
Form women groups for group lending services
Provide sessions to communities on small business entrepreneurship
Follow up of the Provided loans
Recover loans through utilizing risk management & mitigation plan
Monitoring and Coordination
Monthly Report of disbursed finances