events management - fahad

8/3/2019 Events Management - Fahad

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RESEARCHER

FAHAD ASHRAF (Spring09)LECTURER

Ms. Nazneen

ANALYSIS OFANALYSIS OF HOUSINGHOUSINGFINANCINGFINANCING PROVIDED BYPROVIDED BY

HBFCLHBFCL


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INTRODUCTIONINTRODUCTION


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CORPORATION PROFILE HBFCL is a Pakistans leading housing finance

institution.

Offering various services to the clients in every part of

the country.

Provided a range of housing finance products and

services for nearly half a million housing units.

Geared up to play a pivotal role in addressing the

increasing housing shortage in the country.


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CORPORATION VISION

Be the prime housing finance institution of the,country providing affordable housing solutions

to low and middle income groups of population by&encouraging new constructions in small medium

housing ( ) .SMH sector


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NTRODUCTION OF STUDYNTRODUCTION OF STUDY


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PURPOSE OF THE STUDY

The study is being researched to analyze that howbetter HBFCL contribute towards a housing strategythat increases the number of middle-income familieswith access to affordable housing finance.

Second, by increasing the number of middle-incomefamilies, able to access market resources forhousing finance.


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RESEARCH OBJECTIVES

Reason being Housing Financing Blockage rapidly .increasing in Pakistan . What measures being taken by HBFCL .Current trends in Housing finance


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Problem Statement

Current trends in Housing Finance by HBFC

results shortage of housing units estimates that there isalready a backlog of 7.5 million housing units, and thebacklog increases by 270,000 units every year.


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DATA METHODOLOGY

The application of my Research is Basic. The objective of my Research is Explanatory Research. The inquiry mode of the Research is Qualitative. Type of study is Descriptive. Extend of Researcher is indeed Minimal.

Study setting is Non- Contrived. Unit of analysis is HBFCL Employees. Sampling design is Simple Random Sampling. Time horizon is Cross-sectional time is selected for this study. Population frame is 130. Sample Size is 97.

Data Collection Method is Questionnaire, survey andInterviews.


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Literature Review All the data which I have accumulated regarding

&housing finance is based on both Primary.Secondary Sources

I had also visited different offices of HBFCL

and other financial institutions in order to.conduct interview

I had also gathered the data using Search Engine, , ,websites newspapers journals and HBFCL

.official website


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HYPOTHESIS

:0 There is a relationship between HBFCouse financing procedure

( , .)ocumentation interest rate etc and.eclining in housing finance

:A There is no relationship between HBFCouse financing procedure



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HYPOTHESIS

tatistical tools used Percentage method

Correlation

=ercentage of Respondent . / .o of Respondent Total no

f Respondent x 100 ormula for Karl Pearson s coefficient = / xy x2 * y2


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Analysis of Results


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Percentage Method

GENDER FREQUENCY PERCENTAGE

Male 42 84

Female 8 16

Total 50 100


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Graphical Representation


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Percentage Method

AGE GROUP FREQUENCY PERCENTAGE

-19 25 16 32

-26 30 28 56

-31 above 6 12

Total 50 100


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Percentage Method

Type ofEmployment

FREQUENCY PERCENTAGE

Self Employed 7 14

PermanentEmployee

5 10

Daily wagesEmployee

26 58

ContractEmployee

9 18

Total 50 100


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Percentage Method

FAMILY SIZE FREQUENCY PERCENTAGE

-2 3 Members 10 20

-3 5 Members 18 36

More than 5Members

22 44

Total 50 100


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Percentage Method

MONTHLYINCOME

FREQUENCY PERCENTAGE

10k 20k 6 12

20k 25k 33 66

More than 25k 11 22

Total 50 100


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Percentage Method

RESIDENCE FREQUENCY PERCENTAGE

Own House 5 10

Tenant 39 78

For Free 2 4

Total 50 100

ype of home ownership


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Percentage Method

- FREQUENCY PERCENTAGE

Yes 7 14

No 43 86

Total 50 100

ave you ever used Housing Financefeature?


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Percentage Method

PURPOSE FREQUENCY PERCENTAGE

Construction 6 12

Purchase 38 76

Renovation 6 12

Balance TransferFacility 0 0

Total 50 100

hat purpose you need housing financefor?


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Percentage Method

PURPOSE FREQUENCY PERCENTAGE

Commercially 42 84

Common People 8 16

Total 50 100

s HBFC working for commercial purpose orommon people?


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Percentage Method


Yes 4 8

No 46 92

Total 50 100

id HBFC meet your housing finance need?


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Percentage Method

PROBLEM FREQUENCY PERCENTAGE

Interest Rate 12 24

Time Period 2 4

Income 12 24

Bank Statement 13 26

Documentation 12 24

Total 50 100

hat sort of problem you had to face toave Housing Finance ?


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Percentage Method


Yes 3 6

No 47 94

Total 50 100

o you think that HBFC is fulfilling itsean of being existence? As it came intoeing for the welfare of Middle and lowerlass to get rid of lack of housing unitsproblems


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HYPOTHESIS ACCEPTED

:0 There is a relationship between HBFCouse financing procedure



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-CO RELATION

No of Years Documentations Interest Income

2010 +5 2 . %17 5 50k

2009 +5 1 %17 50k2008 5 %13 .2 5k

2007 5 %11 2 k


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Housing Financed


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THEORETICAL FRAMEWORK

EPENDENT VARIABLE.on people looking for affordable and feasible house financing

ODERATING VARIABLE

NDEPENDENT VARIABLE .actors declining Housing units

NTERVENING VARIABLE , .BFC providing housing finance


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FINDINGS OF THE STUDY % & % .84 respondents are male 16 are female % - , % -32 are age of 19 25 56 are age of 26 30 and

% - .12 are age of 31 above % - , %14 respondents are self employed 10 are

, %permanent employees 58 people are daily%wages employees and 18 are contract

.employees % - , %20 respondents have 2 3 family size 36 have

- % .3 5 members and 44 more than 5 members % - ,12 respondents have monthly income 10k 20k

% - % .66 have 20k 25k and 22 have more than 25k % , %10 respondents have residence at own house 78

% .are tenants and 4 reside in free house %84 respondents agreed that HBFC working% .commercially and 16 disagreed


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FINDINGS OF THE STUDY %14 respondents have experienced housing finance

% .and rest of 86 have not used housing finance % , %12 need housing finance for construction 76

%need for purchase house and 12 need for.renovation

% ,8 respondents said yes HBFC meet their needs% ,and 92 said No HBFC did not meet their

.needs %24 respondent are having to face Interest rate

, % ,problem for housing finance 4 time period% , % %24 Income 26 Bank Statement and 24 are

.having documentation Problems %6 respondents agreed that HBFC fulfils meets

% .its reason of being and 94 disagreed


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CONCLUSION

The study analyzed that the purpose of HBFC. -came into being i e for the welfare of shelter

.less people is negative The Corporation shouldwork for the sake of common people rather than

,working commercially for upper class by proving

-shelter less affordable house financing,facilities so that the backlog of housing units.can be surmounted as the earliest


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RECOMMENDATIONS

( ) .The Department HBFC should focus on its vision i e forthe welfare of common people of Pakistan rather than.for the sake of Commercial purpose i e for upper

.class

( )The Department HBFC should focus for the welfare ofmiddle and lower class or those who are deprived for

.owning homes

The procedure of providing loan for housing finance-should be affordable and long term plan for the

.middle and lower class

The Bank Statement Condition should be eliminated forthe eligibility of providing loan as the common

.people don t have usually Bank Account


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RECOMMENDATIONS

( )The Department HBFC should help country capturing the.backlog of housing units in the Country

( )The Department HBFC should have commitment to& .Excellence Innovation


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THE END

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