Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing.
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Noor Aftab - Co-Founder & Finance Director
Meet The Woman!
Who is a Woman? It’s a Woman who…
2
God’s greatest gift:“Mother” “Mother”
No blessing like her : “Sister ”“Sister ”
Greatest Support : “Wife ”“Wife ”
Greatest Joy : “Daughter ”“Daughter ”
“ “ The Home Maker” The Home Maker”
“ “ The Educationist” The Educationist”
“ “ The Social Worker” The Social Worker”
“ “ The Business Leader” The Business Leader”
Made a profession “Noble” “Noble”
Led a “Revolution” “Revolution”
Pioneered an “Industry” “Industry”
Led from the front ““Indra Nooyi” Indra Nooyi”
Invented Fashion““Coco Chanel” Coco Chanel”
Defined Elegance““Audrey Hepburn” Audrey Hepburn”
Women Power World Over!
3
Only 57 million more men than women
A surplus of men mainly characterizes the world’s most populous countries – China and India – hence the surplus.
In most other countries, there are more women than men.
14 Million daily viewers
Airing: 140 countries
Net Worth : US$2.4 Bln
Richest Black person on the planet!
Started business to provide for herself & daughters
Sold business for £ 625 Million
Over 700 branches
Over 77 Million customers
Changed lives of women across USA
Businesses: merchandizing, publishing & broadcasting
Net Worth : US$1 Bln
Those who Got It made It!
How helping women, helps your business----
Since 1970 Women have held two out of every three new jobs created.
— Financial Times , October 3, 2006
The Girl Dividend!
Mukhtar Mai
4
Pakistan’s CaseWomen Market Potential
5
Total Population of Pakistan (Million)
158.17
Male Female
Population (Million) 80.82(51.10%)
77.53(48.90%)
Labor Force (%) 40.42% 10.07%
Literacy Rate (%) 67.00% 42.00%
Labor Force Participation Rate (“RAR”)
69.20% 18.04%
Idle Population 29.70% 85.90%
INSTITUTION MALE FEMALE
First Microfinance Bank 88.0% 12.0%
Khushali Bank 65.0% 35.0%
Agha Khan Rural Support Program 91.0% 9.0%
National Rural Support Program 80.0% 20.0%
Punjab Rural Support Program 77.0% 23.0%
Bank of Khyber 90.4% 9.6%
Orangi Pilot Project 91.7% 8.3%
Sind Agricultural and Forestry Workers’ Coordination Organization
52.3% 41.7%
SHAHINA AFTAB FOUNDATION (SAF) 5.0% 95%
Women have dramatically less access to the financial sector, with the exception of formal borrowing.
There are fewer women with access to Banking services (5.5 percent vs. 21.1 percent men),Money transfers (1.4 percent vs. 3.3 percent men)INSURANCE (0.6 percent vs. 0.21 percent men)
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Source: World Bank Report, Access to Finance, 2009
A Snapshot of Pakistan!Women Market Potential
Share of women in employment is only 17% :Only 8% of Urban Pakistan 17% employed from rural Pakistan67.4% women in agricultural business15.8% involved in services.
Microfinance Services in Pakistan!
40% p.a. growth in Microfinance SectorYet microfinance access extends to only 1.7 Mln out
of an adult population of about 80 Mln or only 2% penetration.
7
Source: World Bank Report, Access to Finance, 2009Source: World Bank Report, Access to Finance, 2009
8.2%
2.5%
2.3%
2.2%
1.9%
1.0%
1.0%
0.2%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0%
Formal Savers
Formal Borrowers
Remitt ance Users
Microfinance Users
Insurance Users
Islamic Finance Users
Housing Finance Users
SMEs using BanksMicrofinance in Pakistan represents a low 0.2 percent of total financial assets, though formal markets growth is second fastest in South Asia (after Afghanistan).
The formal microfinance sector reaches less than 2 percent of the poor, as opposed to over a quarter in Bangladesh, India, and Sri Lanka.
The informal sector can be competitive, and has good lessons to offer to its formal counterpart. There is still considerable room for growth of microfinance in Pakistan ⎯
the estimated potential market size is in the range of 10-20 million active borrowers, and some estimates place the number as high as 35 million.
Women are a poorly explored clientele with tremendous potential. While microfinance policy and services have focused on credit, there is a considerable potential for other products, especially savings.
Shahina Aftab Foundation (SAF)
Community Development Micro-finance
•Primary Schools
•Community Centers
•Dispensaries
•Health centers
•Mobile Units
•Skills Training
•Vocational Training Centers
•Business Loans
•Social Loans
•House Loans
•Health Loans
• Program development for Donors/Investors/Corporates
•Business Advisory to Micro- enterprises
•Industry Linkages
•Market Research
•Marketing of Products
Pioneering in Financial Services by:Participating in international conference and events--- Pakistan’s success story for women empowerment, economic development & financial innovationFormed the Women Economic Council to promote women leadership. First linkage in the world to harness the power of social media as facebook and twitter to attract customers and increase its outreach to partners, donors and women at large. 9
Shahina Aftab Foundation (SAF)Breaking New Grounds-State of the Art Linkages!
Industry Connections-Understanding the importance of industry partnerships SAF is on its way to partnering with :
Micro Finance InstitutionsNon Banking Financial InstitutionsChambers of commerce Development AgenciesInternational Financial Institutions
SAF ExperiencesILO-IPIC Project
Financed women micro-borrowers in 162 villages
830 new micro-business units,
Skilled training: 1,594 rural women
Disbursements: Rs. 30.78 Mln
100% recovery rate
ROI: 10%
5,842 children weaned out from child labour and educated through non-formal educational centres of which 80% are females
Asian Banking Award Asian Banking Award Runners-up Award FWBL/ILO-IPEC Micro Credit Programme. June 17, 2005
Global Micro Entrepreneur AwardGlobal Micro Entrepreneur Award((Nasim Bibi) of FWBL/ILO-IPEC Carpet Project. December 31, 2005
Citi PPAF Micro-Entrepreneurship Citi PPAF Micro-Entrepreneurship Award 2008Award 2008Ms. Kubra Asghar received two awards from the Government of Pakistan.
SAF ExperiencesJafakash Aurat
Financing to : Women borrowers in 102 villages Employment created for : 13,398 (90% women) Skilled training to : 2,230 rural women Total Credit Disbursement : Rs 58.47 Million to 5,395 Women 100% recovery rate
Key Issues and Solutions
Transition from Micro to SMEs
Linkages for A2FCredit ManagementIndustry LinkagesFinancial & Business AdviceMicro InsuranceProduct MarketingLegal & Regulatory AdviceTax Consultancy
How to Make it Happen
Enabling Regulations and Policy
Making
Stakeholder Engagement
Stay away from owning an MFI;
distinction from public sector
social services
Credit Bureaus for Micro & SME
Borrowers
Encourage and enable pooling of
funds from donors, investors and
corporates through regulations
Partner with NGOs/ MFI that offer holistic solutions
Understand and bear credit risk; credit guarantee facilities
Focus on development impact; MF is more passion than returns
Allocate CSR budget to create “lasting change” for own businesses and communities
Research, Research and Research by Academia
Media Coverage of MF sector to ensure impact along with transparency and accountability. MF Awards? Celebrity Endoresements?
MF Training Institutes; it’s a critical mass game!
Transition from Micro to SMEs
Media Coverage & TestimonialsShahina Aftab Foundation (SAF)
MEDIA LINKSBBC’s article: Aug 26, 2010: Pakistan Floods: the worst is yet to come: REPRODUCED BYUSA Today:ForbesNewsvine:
Curtin University: ‘Banking on Social Change’
ACCA Pakistan: ‘An Exclusive Interview with Noor Aftab’
Get Involved
1) Fund community development projects( Ranges: US $18,000- US$50,000)
2) Fund Micro-financing projects( Ranges: US $18,000- US$500,000)
3) Get your global replicationContact us for turn-key solutions
www.safglobal.org
SAF Micro-finance Advisory & Expert Groups
Dates Topic Organizer
June, 2010; Islamabad
Climate Change & Micro-finance Common Wealth
Nov, 2010;Dubai
Trends worth trillions: Investing in Women
Abraaj: Celebration of Entrepreneurship
Dec, 2010;Hong Kong
Gender Based Micro-financing C5’s Micro Investment Summit
May, 2011;Turkey
Growing Micro-enterprises into mainstream economy
Global Women Summit
May, 2011;New York
Impact of Political Risk in Micro-finance American Conference Institute
July, 2011;Geneva
Future of Microfinance C5’s Micro finance Summit
July, 2011;Geneva
Judging for Microfinance Awards C5’s Micro finance Summit
Contact Information
Email Address:ceo.saf@gmail.com Saf.micro@gmail.com Mailing Address:209, Golden Heights,F-11/1, Islamabad, 44000,Pakistan
Phone:+92 (0) 51 221 2985+92 (0) 321 5159988
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