Noor Aftab - Co-Founder & Finance Director
Meet The Woman!
Who is a Woman?
It’s a Woman who…
God’s greatest gift:“Mother”
“ The Home Maker”
No blessing like her : “Sister ”
“ The Educationist”
Greatest Support : “Wife ”
Greatest Joy : “Daughter ”
Made a profession “Noble”
Pioneered an “Industry”
Led a “Revolution”
Invented Fashion
“Coco Chanel”
“ The Social Worker”
“ The Business Leader”
Led from the front
“Indra Nooyi”
Defined Elegance
“Audrey Hepburn”
2
Women Power World Over!
Those who Got It made It!
14 Million daily
viewers
Airing: 140 countries
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.
Net Worth : US$2.4
Bln
Richest Black person
on the planet!
Since 1970 Women have
held two out of every
three new jobs created.
Changed lives of
women across USA
Started business to
provide for herself &
daughters
Businesses:
merchandizing,
publishing &
broadcasting
Sold business for £
625 Million
Over 700 branches
Net Worth : US$1 Bln
Over 77 Million
customers
ALTHOUGH MORE MEN GRADUATE
FROM HIGH SCHOOL, MORE
WOMEN ENROLL IN COLLEGE
— Financial Times , October 3, 2006
How helping women, helps your business----
U.S DEPT. OF LABOR
3
The Girl Dividend!
Mukhtar Mai
4
Pakistan’s Case
Women Market Potential
Total Population of
Pakistan (Million)
158.17
Male
Female
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%
Population (Million)
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
SHAHINA AFTAB FOUNDATION (SAF)
52.3%
41.7%
5.0%
95%
5
A Snapshot of Pakistan!
Women Market Potential
25
Access to Financial Services in Pakistan
52.7
20
Women Earning Statistics
%
15
Female
10
Male
5
0
Banking Services
Money Transfers
Insurance
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)
22.9
9.1
0 - 1500 Rs
1500-2000 Rs
2501-4000 Rs
16.9
4000+
Rs
Share of women in employment is only 17% :
Only 8% of Urban Pakistan
17% employed from rural Pakistan
67.4% women in agricultural business
15.8% involved in services.
Source: World Bank Report, Access to Finance, 2009
6
Microfinance Services in Pakistan!
Microfinance 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.
SMEs using Banks
0.2%
Housing Finance Users
1.0%
Islamic Finance Users
1.0%
Insurance Users
1.9%
Microfinance Users
2.2%
Remittance Users
2.3%
Formal Borrowers
2.5%
Formal Savers
8.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
40% p.a. growth in Microfinance Sector
Yet microfinance access extends to only 1.7 Mln
out of an adult population of about 80 Mln or only
2% penetration.
Source: World Bank Report, Access to Finance, 2009
7
Shahina Aftab Foundation (SAF)
Community Development
Micro-finance
•Primary Schools
•Dispensaries
•Skills Training
•Business Loans
•Community
Centers
•Health centers
•Vocational
Training Centers
•Social Loans
•Mobile Units
•House Loans
•Health Loans
• Program development for
Donors/Investors/Corporates
•Business Advisory to Microenterprises
•Industry Linkages
•Market Research
•Marketing of Products
Shahina Aftab Foundation (SAF)
Breaking New Grounds-State of the Art Linkages!
Pioneering in Financial Services by:
Participating in international
conference and events--- Pakistan’s
success story for women
empowerment, economic
development & financial innovation
Formed 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.
Industry Connections-Understanding the
importance of industry partnerships SAF is
on its way to partnering with :
Micro Finance Institutions
Non Banking Financial
Institutions
Chambers of commerce
Development Agencies
International Financial
Institutions
9
SAF Experiences
ILO-IPIC Project
Financed women micro 5,842 children weaned
borrowers in 162 villages
out from child labour
 830 new micro-business units,
and educated through
non-formal educational
 Skilled training: 1,594 rural
centres of which 80%
women
are females

Asian Banking Award
Runners-up Award FWBL/ILO-IPEC Micro
Credit Programme. June 17, 2005
Global Micro Entrepreneur Award
(Nasim Bibi) of FWBL/ILO-IPEC Carpet
Project. December 31, 2005

Disbursements: Rs. 30.78 Mln

100% recovery rate
Citi PPAF Micro-Entrepreneurship
Award 2008

ROI: 10%
Ms. Kubra Asghar received two awards
from the Government of Pakistan.
SAF Experiences
Jafakash 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
Transition from Micro to SMEs
Key Issues and Solutions
Linkages for A2F
Credit Management
Industry Linkages
Financial & Business Advice
Micro Insurance
Product Marketing
Legal & Regulatory Advice
Tax Consultancy
Transition from Micro to SMEs
How to Make it Happen

Enabling Regulations and

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
Policy Making



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!
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

Allocate CSR budget to
create “lasting change”
for own businesses and
communities
Shahina Aftab Foundation (SAF)
Media Coverage & Testimonials
MEDIA LINKS
BBC’s article: Aug 26, 2010:
Pakistan Floods: the worst is yet
to come:
REPRODUCED BY
USA Today:
Forbes
Newsvine:
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 replication
Contact 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