Challenges and Misconceptions

Slides:



Advertisements
Similar presentations
Financial Services for the Poor Presentation by Karin Dahlström Division for Market Development, Sida May 12, 2004.
Advertisements

Open Days 2007 Micro-credits for Regional and Local Development Brussels, 10 October 2007.
Going through crisis: ACF case ACF Presentation Prepared by Zhanna Zhakupova, Executive Director Microcredit Organization Asian Credit Fund LLC.
AMANAH IKHTIAR MALAYSIA
Beirut - May 2009 State of the Industry in 2008 Ranya Abdel-Baki Transparency & Research Manager Sanabel 6 th Annual Conference Sanabel – The Microfinance.
1/16 LECTURE INTRODUCTION TO MICROFINANCE May 6th, 2009 Emilie Levy, Executive Director.
Investing in Employment and Entrepreneurship
Microfinancing Hope for Argentina’s Poorest. Microfinancing Small loans and small deposits for poor households left unattended by banks Helps small farmers.
Money Talk: Microfinance for Microenterprises
The Role of Islamic Microfinance in Poverty Alleviation Karen Hunt-Ahmed DePaul University April 9, 2011.
Financial instruments and services in smaller towns and rural areas Good practice presentation Evtim Stefanov ARDBC-Vidin, BG.
“Scaling up Poverty Reduction” Commercial Microfinance in Egypt The case study of the National Bank for Development National Bank for Development By: Mrs.
Social Performance Management Dr. Reem Ramadan. Putting the “Social” into Performance As social businesses, microfinance institutions (MFIs) apply commercial.
The exchange: Strengthening Accountancy as a foundation for MSME sector development and Job creation Innovations in MSME financing 20 th June 2013.
Understanding the Opportunity for Impact Investing in Africa June 5, 2013.
MICROFINANCE IN SOUTH AFRICA
Microfinance & Socially Responsible Investing How Do the Two Intersect? Socially Responsible Investing – Here & Abroad Sanjay Sinha, Microcredit Enterprises.
FORMAL RURAL FINANCE INSTITUTIONS AND THE STATE OF MICROFINANCE BANKS A PAPER PRESENTED BY THE DIRECTOR OF DEVELOPMENT FINANCE DEPARTMENT OF THE CENTRAL.
Dr Jonathan N. Agwe (DM) Senior Technical Specialist Inclusive Rural Financial Services.
1 Development of Microfinance Associations as Apex Institutions Abuja, Nigeria January 18 th, 2011.
Lessons Learned Scaling Up Housing Microfinance Richard Shumann Technical Officer, Housing Finance CHF International SEEP Annual Meeting 2006.
The Microfinance Opportunity in Pakistan 1 November 2006 Gregory Chen ShoreBank International Ltd Mehr Shah Pakistan Microfinance Network.
Responsible Finance: Is there a need to certify accomplishments of social goals? K Paul Thomas Managing Director.
2004 Annual LAEBA Conference The Emergence of China: Challenges and Opportunities for Latin America and Asia 3-4 December 2004 Beijing, PRC Modalities.
Microfinance in India Evolution of Microfinance in India Microfinance has been in practice for ages ( though informally). Legal framework for establishing.
Bank Indonesia policy on Financial Inclusion The 1 st International Islamic Financial Inclusion Summit 2012 Dr. Muliaman D Hadad.
European Fund for Southeast Europe Microfinance and its Growth in Europe EFSE’s experience in SEE European Microfinance Network 2009 Conference.
IFAD Experience and Strategy for Poverty Alleviation in Central and Eastern Europe and the Newly Independent States Seminar on Policies for Achieving the.
UNDP efforts towards microfinance development in Uzbekistan 9-11 November 2005 Almaty, Kazakhstan BUILDING SUSTAINABLE MICROFINANCE IN RBEC Community of.
Moscow, Russia November 19th, 2009 Symbiotics SA Jerome Savelli Regional Manager Europe and Asia 2009 Russian Micro finance Center Conference “Microfinance.
Improving Access to Finance for the Agriculture Sector Pipeline Project UNDP Kosovo Building Sustainable Microfinance in RBEC Community of Practice Workshop.
United Nations Development Programme in Kazakhstan BUILDING SUSTAINABLE MICROFINANCE INSTITUTIONS UNDP Kazakhstan 9 November, 2005 Two cases from UNDP.
Integrating The First MicroFinanceBank and Social Protection Next Generation Access to Finance September 18, 2007 Washington DC.
Bringing finance to rural people – Macedonia’s case Efimija Dimovska Istanbul, October 2010 Macedonian Bank for Development Promotion Agricultural Credit.
Beirut - May 2009 The Human Impact: Measuring Changes in Client’s lives Barbara Marcussen Microfinance Officer Sanabel 6 th Annual Conference OIKOCREDIT.
South African Micro-finance Apex Fund samaf ANNUAL REPORT 2011/12 1.
Control vs. Trust: What (else) is a strong board? Tamar Lebanidze May 20, 2014.
Beirut - May 2009 AL-Amal Microfinance Bank HR Perspective Mohammed Salah Al-lai Executive Director Sanabel 6 th Annual Conference Al-Amal Microfinance.
IDB’s Microfinance Development Program
1 Integrating a Poverty Focus in Microfinance European Rural Development Forum 4-6 September 2002 Jennifer Isern.
Accelerating Financial Inclusion in Asia and the Pacific Waikiki Resort Hotel, Honolulu September 15, 2011 UNDERSECRETARY GIL S. BELTRAN Department of.
Danida support to the microfinance industry. Overall objectives of Denmark’s development cooperation Overall objective To combat poverty and promote human.
AMFIU Association of Micro Finance Institutions of Uganda Slide No. 1/14 SPM Institutionalization and Integration – AMFIU’s Experience Presented by: David/Jackie.
Page 1 | 28 March 2011 | Value Chain Finance Value Chain Finance lunch May 2012.
Islamic Solidarity Fund for Development Islamic Development Bank Together we Build a Better Future.
Slide 1 Establishing commercially-sustainable microfinance in Sudan: Presentation to Oversight Committee Central Bank of Sudan World Bank Financial and.
New Innovative Tools for SME Financing
Energy Efficiency Opportunities for Manufacturing Industries
LEARNING ROUTE   Development and Modernization of Rural Micro-Financial Institutions in Cambodia and Vietnam 19 to 23 June, Cambodia.
Microfinance Institutions in OIC Member Countries
World Islamic Finance Forum 2016
BUILD TO GROW Shaping SMME Wholesale Lending
Integrated Reporting Cecilia Jofré
Regulatory and Supervisory Framework in
PRESENTATION TO PORTFOLIO COMMITTEE SITEMBELE MASE : CEO samaf
ROLE AND MANDATE In terms of the National Development Agency (NDA) Act (Act No 108 of 1998 as amended), NDA was mandated to contribute towards the eradication.
Islamic Microfinance ‘Front-line’ Vehbi Zeqiri at the
VARIOUS ISLAMIC MICROFINANCE MODELS AND ITS EFFECTIVENESS ON POVERTY ALLEVIATION.
Technology and social impact investment
The global Islamic microfinance industry: a vision for going forward
Creating a green oasis for all
Reducing Borrower and Lender Risk in Tajikistan
Islamic Finance in New Zealand Reasons and Approach
MICROFINANCE INSTITUTION
MICROFINANCE INSTITUTION
KHULA ENTERPRISE FINANCE LIMITED 2007 ANNUAL FINANCIAL RESULTS
Albania, Croatia, Moldova, Russian Federation, Tajikistan, Turkey
RESOURCE MOBILIZATION
Presentation transcript:

Challenges and Misconceptions Islamic Microfinance Challenges and Misconceptions Vehbi Zeqiri Executive Director | START Microfinance Institution | Republic of Kosovo Photo by: Vehbi Zeqiri Bardhosh, Kosovo

Experience/ Practitioners Photo by: Vehbi Zeqiri 2/15 Durham, UK

Clients/ Beneficiaries Maintaining Balances Donors/ Funders Staff/ Govt. Clients/ Beneficiaries IMFI Photo by: Vehbi Zeqiri 3/15 New York, USA

Microfinance Misconception Loan Purpose? Actual needs of the Beneficiaries? Destitute vs. Active Poor? Sustainability of MFI? Targeted Beneficiaries!? Poverty!? 4/15

Outreach vs. Sustainability Candle vs. Led Lamp Photo by: Vehbi Zeqiri 5/15 Vlora, Albania

6/15

PROFILE 1st Islamic Financial Institution Established in 2002 (16 Years) Qard Hasan & Murabaha (Financial Products) 17,200 Clients – € 26.8 million 1st Islamic Financial Institution Centre of Excellence IDB main Funder Portfolio - 3 million € Photo by: Vehbi Zeqiri 7/15 Bardhosh, Kosovo

Social & Financial Performance Professor Omneya Abdelsalam PhD Professor Kamil Omoteso PhD Dr Antonios Chantziaras 8/15 Photo by: Vehbi Zeqiri Durham, UK Strong institutional responsibility, especially towards clients and the community. Low cost of borrowing and loans to people in need (e.g., widows, unemployed, low income earners, people in rural areas) Lower cost of borrowing compared to other MFIs or Banks in the region

An Integrated Report is a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term http://integratedreporting.org/ 9/15

1. Professor Omneya Abdelsalam PhD & 2. Professor Carol Adams PhD http://integratedreporting.org/ 10/15

Manage Complex Activities Governance; Risk; Compliance Fin-Tech Islamic Microfinance Manage Complex Activities Reg-Tech Governance; Risk; Compliance Photo by: Vehbi Zeqiri 11/15 Shengjin, Albania

Software Modules/Components 12/15

Future Plans START Academy Maintain ‘Social Enterprise’ Model New Financing Techniques Invest in FinTech Photo by: Vehbi Zeqiri 13/15 Colorado, USA

Challenges Islamic Finance Awareness Social Justice - Lack of Opportunity Self-Sustainability/ Funding? Huge Demand for Social Finance Photo by: Vehbi Zeqiri 14/15 Istanbul, Turkey

Thank you Vehbi Zeqiri Photo by: Vehbi Zeqiri Boge, Kosovo