Opening remarks by Farz Foundation CEO at the First Islamic Microfinance Conference in Pakistan, 2011. Ladies and gentlemen, This is the humble saga of the Farz Foundation until now and here I stand before you along with my wonderful team without which I could not have achieved whatever I have achieved so far. During the [...]
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The following presentation looks the process of designing services for financial inclusion (loans, savings, mobile applications, etc.) and mentions a few factors affecting the design process, such as the cultural context, mental barriers, transparency, etc. Designing Services for Financial Inclusion View more presentations from Jan Chipchase. Author: Jan Chipchase Company: Nokia Money
Press Release submitted by Farhat Abbas Shah. Lahore: The first National Islamic Microfinance conference of Pakistan was held in the Lahore Chamber of Commerce and Industry. The notables who attended included Iftikahr Malik, Vice President SARRC Chamber of Commerce and Industry, Tahir Malik, Chairman Trafco Group of Companies, Mr. Zulfiqar Khokhar, Additional Director Islamic Banking [...]
The 4th annual Global Microfinance Investment Congress will take place May 16-17, 2011 at the W New York Hotel in New York City. No other event offers a more comprehensive look at the current investment landscape for microfinance globally. Annually, this event attracts microfinance thought-leaders from over 50 countries, who use this industry-leading event to [...]
This company profile was graciously submitted by Nita Nehru from Avana Microinsurance. Avana Microinsurance is a social enterprise dedicated to raising awareness about the importance of microinsurance for sustainable poverty reduction and expanding access to insurance for low-income individuals, families and community organizations worldwide. Low-income households are more vulnerable than the rest of the population [...]
A New Horizon of Poverty Alleviation Lahore, Pakistan: Farz Foundation is the First Shariah Certified Islamic Microfinance Organization of Pakistan, which began its operations as a registered entity on September 9, 2009. It has so far facilitated 128 families with Murabah asset based model. It has introduced the Farz Methodology which aims to alleviate poverty [...]
Purpose of IMFN to gather IM Organizations under One Platform – Amjad Saqib, Executive Director, Akhuwat (Lahore, Pakistan) For the rising trend of Islamic microfinance (IM) all over the world, Islamic Microfinance Network (IMFN) has been established to assemble international IM organizations under one platform. The head office is formed in Lahore, Pakistan, therefore its [...]
Microfinance need not be confined to lending and saving money, which not only presents safety risks, but is also subject to the impact of inflation. As a result, many microfinance institutions are experimenting with non-monetary loans, such as cows and seeds. This form of lending has its own risks – the cow could fall ill [...]
This is a guest post submitted by Grace Ruskin. Microfinance refers to a wide variety of financial services that are provided to people belonging to the low-income group, especially women. Clients of microfinance institutions or MFIs have low income and have limited access to financial services. For such low income people, microfinance loans provide small [...]
