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In the name of ALLAH

The creator of every creationThe piety

The beneficentThe merciful

The wise

The Lord of the worldThe first and last

The sender of the Holy ProphetMuhammad may peace be upon him

Whereof there is no doubt

The owner of the Day of Judment To whom every one will be brouht bac!



Ac!nowledement

All glory and honor is for Allah, the Supreme Being who bestowed

profound perseverance and ability on us to accomplish this work.

We express our profound and cordial gratitude to offer thanks to our

learned, kind and experienced teacher, PROF MAVRA RIAZ for his

valuable guidance, constructive comments and continuous encouragement

through out the research.



DEDICATION

Dedicated to our Beloved and Respectable Parents

and our respected teacher PROF MAVRA RIAZ who

bestowed us with the courage, the commitment and the

awareness to follow the right path, by their unmatchable

style and by their best possible training. Who also made us

able to complete this report with confidence in every best

possible way that we could have done.



EEXECUTIVEXECUTIVE SSUMMARYUMMARY

The First Microfinance Bank Ltd (FMFB) is the result of the transformation of theThe First Microfinance Bank Ltd (FMFB) is the result of the transformation of the

microfinance program of the Agha Khan Rural Support Program (AKRSP) !ithmicrofinance program of the Agha Khan Rural Support Program (AKRSP) !ith

more than t!ent" "ears of e#perience into a separate speciali$ed microfinancemore than t!ent" "ears of e#perience into a separate speciali$ed microfinance

%ank& 'n *& The First Microfinance Bank Ltd !as esta%lished as a non+listed%ank& 'n *& The First Microfinance Bank Ltd !as esta%lished as a non+listed

pu%lic limited compan" under the pro,isions of the -ompanies. /rdinance inpu%lic limited compan" under the pro,isions of the -ompanies. /rdinance in0o,em%er 122 and licensed as a Microfinance 'nstitution (MF') under the0o,em%er 122 and licensed as a Microfinance 'nstitution (MF') under the

pro,isions of the Microfinance 'nstitutions /rdinance 122 in 3anuar" 1221&pro,isions of the Microfinance 'nstitutions /rdinance 122 in 3anuar" 1221&

FMFB formall" started operations in Fe%ruar" 1221 taking deposits through itsFMFB formall" started operations in Fe%ruar" 1221 taking deposits through its

first %ranch in 3ul" 1221first %ranch in 3ul" 1221 The First Microfinance Bank Ltd (FMFB) has an e4uit"The First Microfinance Bank Ltd (FMFB) has an e4uit"

%ase of 5S6 &* million& The main shareholders are 7 Agha Khan Rural Support%ase of 5S6 &* million& The main shareholders are 7 Agha Khan Rural Support

Programmer (89:) the Agha Khan Agenc" for Microfinance (;2:) and theProgrammer (89:) the Agha Khan Agenc" for Microfinance (;2:) and the

'nternational Finance -orporation (18:)&'nternational Finance -orporation (18:)&

The authori$ed capital of FMBL is Rs& %illion comprising 22 million shares ofThe authori$ed capital of FMBL is Rs& %illion comprising 22 million shares of

Rs& 2 each& As on 6ecem%er ; 1229 the paid up capital is Rs **2 millionRs& 2 each& As on 6ecem%er ; 1229 the paid up capital is Rs **2 million

FMFB currentl" operates 1 %ranches < %eing in the ma=or ur%an centres ofFMFB currentl" operates 1 %ranches < %eing in the ma=or ur%an centres of

Ra!alpindi Karachi Lahore >"dera%ad and ?!adar and 8 in rural 0orthernRa!alpindi Karachi Lahore >"dera%ad and ?!adar and 8 in rural 0orthern

ar ar eas &eas &

The %ank.s principal %usiness is to pro,ide microfinance ser,ices to the poor andThe %ank.s principal %usiness is to pro,ide microfinance ser,ices to the poor and

under ser,ed segments of the countr" as en,isaged under the Microfinanceunder ser,ed segments of the countr" as en,isaged under the Microfinance

'nstitutions /rdinance 122&'nstitutions /rdinance 122&

&&'ts products and ser,ices includes Micro -redit Social Loan Products Start 5p'ts products and ser,ices includes Micro -redit Social Loan Products Start 5p

Business Finance Sa,ings and 6eposits and 'nsurance &And its generalBusiness Finance Sa,ings and 6eposits and 'nsurance &And its general%anking products includes%anking products includes Remittances fund transfer che4ue collectionRemittances fund transfer che4ue collection

demand draft and pa" order &'t also offers %usiness de,elopment ser,ices & & 'tdemand draft and pa" order &'t also offers %usiness de,elopment ser,ices & & 't

recei,ed a rating grade of A@A+ from 3-R+'S -redit Rating -ompan" in Aprilrecei,ed a rating grade of A@A+ from 3-R+'S -redit Rating -ompan" in April

;2 122C !hile in 122< it !as A@A+@&;2 122C !hile in 122< it !as A@A+@&

Download - First MicroFinance Bank Pakistan

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