Strengthening institutions to face the challenges of rapidly changing world by enabling them to become self reliant, effective & efficient through our high quality consulting services.
FINCON’s Small & Medium Enterprise Support Division
FINCON Services Inc. established its SME division to provide customized initiatives for strengthening the SME Sector.
Spearheaded by a group of professional consultants, FINCON provides consulting
SME SECTOR
and advisory services to support the development of the private sector in Pakistan, as a means of reducing poverty. They have incisive keen understanding of commercial law, regulations, and the public policy towards the private sector, analytical skills on the drivers of economic growth, and knowledge of the factors that improve the enabling environment for businesses; as well as a good understanding of the role that the private sector plays in achieving country-level growth and poverty reduction strategies.
FINCON’s experts are familiar with the investment climate assessment methodologies and policy reform processes, and have the ability to engage constructively with private sector managers, with a basic knowledge of business management and administration functions. They are well acquainted with the latest market-oriented methodologies for improving outreach, impact and sustainability of business services. The professional staff members of the organization have varied local and international consulting experience in their respective fields. The organization also taps into an extensive network of associate consultants to undertake specific development assignments. FINCON is positioned to be a key component for Pakistan’s overall development strategy by focusing on three core service areas:
As part of its activities, FINCON focuses on Capacity Building and Skills Enhancement of Micro-Finance Banks, Commercial Banks lending to SMEs, Leasing Companies, NGOs providing credit to Micro and Small ‘Enterprises and other MSME Lending Institutions, with the objective of increasing the volume and profitability of these institutions for lending to private SMEs.
FINCON seeks to develop customized training and development programs, and to work with such institutions to improve their capacity to evaluate, structure and manage SME portfolios, utilizing both traditional banking skills and new approaches and systems to SME lending. This is done through training and designing systems and procedures for them. It includes developing of training modules on topics like risk management, credit scoring, internal controls and compliance, anti-money laundering, asset liability management, etc in addition to credit appraisal and administration.
Additionally, areas like corporate governance are also addressed. HR automation, framework for collection of SME market information, credit process, strategy formulation, customer relationship management, Trade Finance, etc are areas where training modules are being developed for the Financial Institutions.
Additionally, areas like corporate governance are also addressed. HR automation, framework for collection of SME market information, credit process, strategy formulation, customer relationship management, Trade Finance, etc are areas where training modules are being developed for the Financial Institutions.
Development of Financial Products »
In order to support micro and small businesses, FINCON has taken the lead in introducing venture capital financing in new businesses. As part of its interventions, FINCON supports small entrepreneurs, especially skilled women entrepreneurs, by taking an equity stake in the new business and supporting to establish the complete business outfit.
Sector Development & Business Services
Under Sector Development and Business Services, FINCON focuses on developing capacities of the SMEs. Specific activities include:
FINCON provides management support, training, and corporate governance assistance to SMEs.
These Business Advisory Services include:
(I) Development of business plans, due diligence and valuations,
(ii) Business diagnosis, and
(iii) Financial structuring and fund raising.
We provide assistance to individual enterprises/entrepreneurs in the following areas:
- Entrepreneurship Development;
- Organizational/Human Resource Development and Training;
- Developing Marketing and Sales Strategies;
- Developing Technical Skills;
- Assisting in Purchasing and Inventory Management Systems;
- Assisting in Productivity Improvement and Quality Control;
- Assisting in Improving Finance and Accounting Systems
Business Enabling Environment »
FINCON is well positioned in the public and private sector to advocate and promote macro-conducive environment for the SMEs, encompassing trade, gender, business support services, finance, regulatory and policy issues. FINCON undertakes research and development assignments to encourage the growth of the SME sectors. Additionally, it undertakes promotional activities to create awareness of various issues in the SME sectors for the stakeholders.