A Business Process Analysis of Islamic Microfinance: Value Maximization and Social Capital Development in Pakistan

Author(s)

Shahbaz Tariq , Zeeshan Ur Rahman Awan ,

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Volume 7 - August 2018 (08)

Abstract

This paper explains the analysis of the business process of a successful and second largest in term of geographical coverage Islamic Microfinance program in Pakistan. The program is scientifically designed to facilitate the poor’s through monetary benefits and social capital development. Monetary benefits include financial support and social capital development by sensitizing or mobilize the community to undertake their developmental activities by themselves. The paper focuses on the practices, approaches, mechanism, model, strategies, mode of financing, geographic coverage, and targeted segments of the program. To determine the financing mechanism, processes and data flow author visited the main office and branch offices. In developing countries, for Islamic microfinance organization, a social capital development unique feature of Esaar Microfinance and limited resources for operational self-sufficiency could be informative. However, this program has unique characteristics, so there is a need for global expansion to prepare students for assignment in developing countries is one of the major goals of this study

Keywords

Geographical Coverage, Islamic Microfinance, Scientifically, Monetary, Social Capital Development

References

          i.         Esaar Microfinance Annual report for 2016. HHRD’s publication.

ii.       Esaar Microfinance Annual report for 2014. HHRD’s publication.

iii.     Esaar Microfinance Annual report for 2012. HHRD’s publication.

iv.      Esaar Microfinance Annual report for 2011. HHRD’s publication.

v.        Fisher, Thomas, and Sriram, M.S. (2002). “Introduction,” in Thomas Fisher and M.S Sriram (Ed/s), Beyond micro-credit; putting development back into micro-finance (pp. 19-32). Oxford: Oxfam Publishing.

vi.      HHRD Website, http://www.hhrd.org/hhrd_ifmf

vii.    Personal Interviews on site

viii.  Pakistan Country Profile. (n.d.). Available at: http://www.bwtp.org/arcm/pakistan/I_Country_Profile/Pakistan_mf_country_profile.htm>

ix.      Robinson, Marguerite S. (2001). The Microfinance Revolution; Sustainable finance for the poor. Washington: The World Bank

x.        Woller, G. M., Dunford, C. & Woodworth, W. (1999) Where to Microfinance? International Journal of Economic Development, 1(1), 29-64.

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