iSHRAQ*Microfinance ©Copyright 2014 Path Solutions. All Rights Reserved.
iSHRAQ*Microfinance
©Copyright 2014 Path Solutions. All Rights Reserved.
iSHRAQ*Microfinance helps microfinance institutions to improve their efficiency and transparency through comprehensive technology
©Copyright 2014 Path Solutions. All Rights Reserved.
No collaterals, guarantors, or bank
accountsNo penalties for
late payments
Loan full or partial dropping in case of customer death or inability to repay
Customer performance
tracking for further loan programs
Grouping concept to mitigate collection
risk (Takaful concept)
©Copyright 2014 Path Solutions. All Rights Reserved.
iSHRAQ*Microfinance Loan Programs Business Features
• Program announcement and applicant registration
• Applicant visit and application filling
• Primary approval
• Encouragement meetings
• Commitment proofing fee payment
iSHRAQ*Microfinance Loan Programs Typical Financing Cycle
©Copyright 2014 Path Solutions. All Rights Reserved.
• Attendance of induction course and collection of attendance fee per session
• Collection of required application documents, agreement on loan amount and repayment tenure
• Final Approval
• Insurance company agreement
• Group forming, leader selection, and announcing of the periodical meetings’ dates / location
• Loan disbursement
iSHRAQ*Microfinance Loan Programs Typical Financing Cycle
©Copyright 2014 Path Solutions. All Rights Reserved.
Apply to other loan programs before or after current loan maturity
Apply to the same loan program after its maturity with greater amounts
• Periodical meetings for collection of loan and insurance amounts
• Periodical visits to follow up on loan usage
• Commitment and payment schedule
• Compliance with loan usage that allows the customer to:
iSHRAQ*Microfinance Loan Programs Typical Financing Cycle
©Copyright 2014 Path Solutions. All Rights Reserved.
Loan rescheduling
request, study, and approval
Early settlement and rebate amounts
Loan dropping request, study, and approval
Arbitration closures
Maintenance transaction for the booked loans:
©Copyright 2014 Path Solutions. All Rights Reserved.
iSHRAQ*Microfinance Loan Programs Typical Financing Cycle
• Web-based application, i.e. can be deployed on the Cloud and interfaced with any hi-tech device like mobile or iPad
• Flexibility to setup different offerings and automate the credit decision and approval processes
©Copyright 2014 Path Solutions. All Rights Reserved.
iSHRAQ*Microfinance - Solution Characteristics
iSHRAQ*Microfinance - Solution Characteristics
©Copyright 2014 Path Solutions. All Rights Reserved.
Ability to cover the full microfinance phases including:• Campaign• Booking • Follow-up & Maintenance • Post-Maturity
Ability to manage Microfinance
products that are not based on cash
only, but also on assets like primitive
industrial equipment, i.e. Islamic
products like Murabaha or traditional
products like leasing (hire purchase)
Bahrain . Egypt . India . Indonesia . KSA . Kuwait . Lebanon . Malaysia . Pakistan . Sudan . UAE . UK
www.path-solutions.com | [email protected]
©Copyright 2014 Path Solutions. All Rights Reserved.