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Noor Aftab - Co-Founder & Finance Director

Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

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Page 1: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Noor Aftab - Co-Founder & Finance Director

Page 2: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Meet The Woman!

Who is a Woman? It’s a Woman who…

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God’s greatest gift:“Mother” “Mother”

No blessing like her : “Sister ”“Sister ”

Greatest Support : “Wife ”“Wife ”

Greatest Joy : “Daughter ”“Daughter ”

“ “ The Home Maker” The Home Maker”

“ “ The Educationist” The Educationist”

“ “ The Social Worker” The Social Worker”

“ “ The Business Leader” The Business Leader”

Made a profession “Noble” “Noble”

Led a “Revolution” “Revolution”

Pioneered an “Industry” “Industry”

Led from the front ““Indra Nooyi” Indra Nooyi”

Invented Fashion““Coco Chanel” Coco Chanel”

Defined Elegance““Audrey Hepburn” Audrey Hepburn”

Page 3: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Women Power World Over!

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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.

14 Million daily viewers

Airing: 140 countries

Net Worth : US$2.4 Bln

Richest Black person on the planet!

Started business to provide for herself & daughters

Sold business for £ 625 Million

Over 700 branches

Over 77 Million customers

Changed lives of women across USA

Businesses: merchandizing, publishing & broadcasting

Net Worth : US$1 Bln

Those who Got It made It!

How helping women, helps your business----

Since 1970 Women have held two out of every three new jobs created.

— Financial Times , October 3, 2006

Page 4: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

The Girl Dividend!

Mukhtar Mai

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Page 5: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Pakistan’s CaseWomen Market Potential

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Total Population of Pakistan (Million)

158.17

Male Female

Population (Million) 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% 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

52.3% 41.7%

SHAHINA AFTAB FOUNDATION (SAF) 5.0% 95%

Page 6: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

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)

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Source: World Bank Report, Access to Finance, 2009

A Snapshot of Pakistan!Women Market Potential

Share of women in employment is only 17% :Only 8% of Urban Pakistan 17% employed from rural Pakistan67.4% women in agricultural business15.8% involved in services.

Page 7: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Microfinance Services in Pakistan!

40% p.a. growth in Microfinance SectorYet microfinance access extends to only 1.7 Mln out

of an adult population of about 80 Mln or only 2% penetration.

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Source: World Bank Report, Access to Finance, 2009Source: World Bank Report, Access to Finance, 2009

8.2%

2.5%

2.3%

2.2%

1.9%

1.0%

1.0%

0.2%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0%

Formal Savers

Formal Borrowers

Remitt ance Users

Microfinance Users

Insurance Users

Islamic Finance Users

Housing Finance Users

SMEs using BanksMicrofinance 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.

Page 8: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Shahina Aftab Foundation (SAF)

Community Development Micro-finance

•Primary Schools

•Community Centers

•Dispensaries

•Health centers

•Mobile Units

•Skills Training

•Vocational Training Centers

•Business Loans

•Social Loans

•House Loans

•Health Loans

• Program development for Donors/Investors/Corporates

•Business Advisory to Micro- enterprises

•Industry Linkages

•Market Research

•Marketing of Products

Page 9: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Pioneering in Financial Services by:Participating in international conference and events--- Pakistan’s success story for women empowerment, economic development & financial innovationFormed 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. 9

Shahina Aftab Foundation (SAF)Breaking New Grounds-State of the Art Linkages!

Industry Connections-Understanding the importance of industry partnerships SAF is on its way to partnering with :

Micro Finance InstitutionsNon Banking Financial InstitutionsChambers of commerce Development AgenciesInternational Financial Institutions

Page 10: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

SAF ExperiencesILO-IPIC Project

Financed women micro-borrowers in 162 villages

830 new micro-business units,

Skilled training: 1,594 rural women

Disbursements: Rs. 30.78 Mln

100% recovery rate

ROI: 10%

5,842 children weaned out from child labour and educated through non-formal educational centres of which 80% are females

Asian Banking Award Asian Banking Award Runners-up Award FWBL/ILO-IPEC Micro Credit Programme. June 17, 2005

Global Micro Entrepreneur AwardGlobal Micro Entrepreneur Award((Nasim Bibi) of FWBL/ILO-IPEC Carpet Project. December 31, 2005

Citi PPAF Micro-Entrepreneurship Citi PPAF Micro-Entrepreneurship Award 2008Award 2008Ms. Kubra Asghar received two awards from the Government of Pakistan.

Page 11: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

SAF ExperiencesJafakash 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

Page 12: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Key Issues and Solutions

Transition from Micro to SMEs

Linkages for A2FCredit ManagementIndustry LinkagesFinancial & Business AdviceMicro InsuranceProduct MarketingLegal & Regulatory AdviceTax Consultancy

Page 13: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

How to Make it Happen

Enabling Regulations and Policy

Making

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

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

Allocate CSR budget to create “lasting change” for own businesses and communities

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!

Transition from Micro to SMEs

Page 14: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Media Coverage & TestimonialsShahina Aftab Foundation (SAF)

MEDIA LINKSBBC’s article: Aug 26, 2010: Pakistan Floods: the worst is yet to come: REPRODUCED BYUSA Today:ForbesNewsvine:

Curtin University: ‘Banking on Social Change’

ACCA Pakistan: ‘An Exclusive Interview with Noor Aftab’

Page 15: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

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 replicationContact us for turn-key solutions

www.safglobal.org

Page 16: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

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

Page 17: Noor Aftab - Co-Founder & Finance Director. Meet The Woman! Who is a Woman?It’s a Woman who… 2 “Mother” God’s greatest gift:“Mother” “Sister ” No blessing

Contact Information

Email Address:[email protected] [email protected] Mailing Address:209, Golden Heights,F-11/1, Islamabad, 44000,Pakistan

Phone:+92 (0) 51 221 2985+92 (0) 321 5159988