“One of the most distressing consequences of globalization is the increase in the wealth of a few while hundreds of millions of people still live in poverty. However, microfinance is a powerful tool to begin to change that.”

To provide customized consulting services, FINCON’s Microfinance Division offers specialized products such as Mentoring, Incubation, and Training/Research. We design our technical assistance to ensure knowledge transfer, human capacity building, emphasis on innovation, and rigorous follow-up. We provide technical assistance to donors, investors, clients, and MFIs, ensuring inclusive financial services for all. Our assistance is designed with sustainability and client satisfaction in mind.

MFIs lack capacity in Financial Management, Internal Auditing and managing MIS. In the past MFIs have invested heavily in training to build staff capacity, with mediocre results. FINCON offers a 24/7 mentorship program with accessible mentors to provide assistance in:

 
Financial Management

  • Financial planning and monitoring
  • Liquidity management
  • Negotiating the credit lines
  • Designing internal controls
  • Financial reporting and analysis
  • Outsourcing services
  • Executive search and selection

 
Internal auditing

  • Portfolio audit and review
  • Develop internal audit manual
  • Training of external auditors
  • Risk management

 
Management Information Systems

  • Process Mapping
  • System analysis and design
  • Software procurement and implementation
  • Business process re-engineering

 
INCUBATION

Islamic finance and Carbon finance are recent innovations in Pakistan’s microfinance sector

The sector lacks the technical capacity, awareness, and access to market research to fully realize the benefits of these instruments. FINCON’s incubation model aims to address this gap by identifying potential MFI’s and introducing them to these concepts. We assist with development of financial products and funding proposals, help them to establish linkages to wholesale providers, and strengthen their ability to manage the intricacies of these instruments.

Orientation

We initiate this process by orienting the selected MFIs prior to their registration in the incubation program. During orientation, the MFI is provided a complete overview of the process.

Assessment

Once an MFI has been registered, we conduct a detailed assessment of its institutional capacity, governance structures, operational planning and management, financial management and portfolio performance. The focus of the assessment is to determine the institutional capacity and level of technical and managerial competence for ensuring high-quality service delivery in Islamic Micro-Finance and Carbon Finance.

MFIs lack capacity in Financial Management, Internal Auditing and managing MIS. FINCON offers a 24/7 mentorship program with accessible mentors to provide assistance in the lacking areas.

We design our technical assistance to ensure knowledge transfer, human capacity building, emphasis on innovation, and rigorous follow-up. FINCON helps, MFIs develop Business Plans and Capacity Development Plans with realistic goals.

We link MFIs to institutions offering grant, equity and loan funds, assisting in the design of specific investment vehicles and negotiating with the donor/funder. Our other services to MFIs include

Business/Capacity Development Planning

FINCON then becomes the planner, helping MFIs develop Business Plans and Capacity Development Plans with realistic goals. The business plan consists of strategic, operational and financial plans, which guide the MFIs through all stages and aspects of the process, step-by-step. The plan also addresses institutional capacity-building for MFIs at all stages of development.

Some MFIs require more hand-holding than others. The ultimate objective, however, is to provide the MFIs with sufficient management capacity to make them sustainable.

Access to Finance

We link MFIs to institutions offering grant, equity and loan funds, assisting in the design of specific investment vehicles and negotiating with the donor/funder.

 
Core Competencies & Core Values

Our approach follows a bottom-up perspective, which uses the customers’ needs, international best practice as well as latest technological developments as a starting point. Our core competencies lie in the support of financial institutions in making micro finance sustainable.

Our core values are:

  • Innovation
  • Excellence
  • Commitment
  • Integrity

 
FINCON Microfinance Project Highlights

  • Access to financial services in Pakistan, (Client: Ministry of Finance, Pakistan)
  • Development of Center of Excellence in Microfinance (CMF)
  • Development of Mangement Information System,  (Client: Microfinance Investment and Support Facility of Afghanistan, Afghanistan )
  • Development of Mangement Information System, (Client: First Microfinance bank Ltd, Pakistan)
  • Preparation of IFRS Compliant Financial statements, (Client: Microfinance Investment and Support Facility of Afghanistan, Afghanistan )
  • Development of Loan product, (Client: Swabi Women Welfare Society, Pakistan)
  • Techincal Assistance to NGOs for separating Microfinance Operations, (Client: Pakistan Financial Sector Services Reform Program, Pakistan)
  • Development of Credit Score Sheet, (Client: Organization for participatry development)
  • Market Research  and Training of Women Enterpreneurs, (Client: First Microfinance bank Ltd, Pakistan)
  • Market Research  and Development of Standard Operating Procedures and Policies, (Client: Orix leasing, Pakistan)
  • Market Research, Loan Product Development and Development of Strategic Plan, (Client: Community Support Concern-Bunyad)
  • Market Research, Loan Product Development and Development of Strategic Plan, (Client: Swabi Women Welfare Society, Pakistan)
  • Development of Standard Operating Procedures, (Client: SUNGI Development Corporation, Pakistan)