Business plan guidelines for microfinance institutions loans

However, investment under the remaining two modes may be allowed to the clients if it is deemed viable to the authority of BSB Micro Finance in the following years.

Business plan for money lending company pdf

People of these areas needs support, BSB MF project will be a good opportunity for the poor people to develop their livelihoods. Loan and savings collection will take place in the group meeting. These features are especially important for obtaining a MRA license to operate microfinance programme in Sierra Leone. After formation of a group, the members of a group will confirm small groups, management committee and settle functions of management committee, The group will conduct a weekly meeting at the place and time agreed by all members of the group. Political unrest: Unstable political Low Contingent plan to minimize risk and smoth operation. Arrears Rate — target 2. The mark-up rate will be charged by BSB, is determined by calculating the market-related cost of funds, long term projected operating margin and expected loan losses. We will participate in numerous on-topic events and seminars that will display AMB LLC as experts as well as give us a podium to describe our different services. Group formation: BSB Microfinance Programme is group based; a group will be consisted of a minimum of 20 members and gradually be increased up to 35 members. Outlined below is the list of businesses and organizations that we have categorically designed our products and services for; Small businesses Individuals and interested home owners Real Estate companies and investors Non-governmental organizations House of worships and other religious organizations Educational institutions Corporate companies Our Competitive Advantage We at AMB LLC understand that the level of competition in the microfinance banking industry does not in any way depend on the location of the business since most micro finance banks and other microloan businesses can operate online and from any part of the world and still effectively compete in the industry. That is why we contacted an experienced consultancy firm, a firm known for its precise way of doing business and also renowned for offering the best. Saturday, February 23, i. Responding promptly to phone calls and emails from customers about their loan or loan application process. BSB Micro Finance confidently promotes Sierra Leoneans through SHG approach on a sustainable basis as groups manage the micro financing by themselves without any operational cost and are the possessors of the loan revolving fund, therefore this model seems to be effective.

That is why some of the pioneer institutions in the industry have transferred their already public positive attributes to become industry leaders.

Chief Executive Officer The Chief Executive Officer will be tasked with providing work direction for the business He will be tasked with building, communicating, and implementing the vision, mission, and direction of AMB LLC — which also includes leading the achievement and implementation of all strategies.

Clients are capital provider -BSB and the user of this fund is customer. We will participate in numerous on-topic events and seminars that will display AMB LLC as experts as well as give us a podium to describe our different services. It is a contract between two parties in which one party will provide capital and other party will manage the business.

Loan and savings collection will take place in the group meeting. Experts in the industry expect a huge expansion in the number of participants. We have made plans to ensure we penetrate the market and offer our customers what they really want — easy access to microloans; thereby deleting the hard and long process needed to obtain loans from the bank and other financial institutions.

i need a business plan for setting up microfinance bank

Both managers and staff members will be responsible for meeting individual training goals and promotions will not be considered until minimum training requirements have been met. Denying or approving loans based on the specific financial limits of the individual or business and being able to offer alternatives when necessary.

Money lending business plan

They went further to advise us at AMB LLC to be aware of huge losses in three situations: due to sharp, sustained increases in interest rates, accounting control fraud, or the collapse of hyper-inflated residential real estate bubbles. Saturday, February 23, i. Sales and Marketing strategy Our marketing effort at AMB LLC will focus on our ability to empower people to make a substantial difference in their world while getting a great return on their money. People of these areas needs support, BSB MF project will be a good opportunity for the poor people to develop their livelihoods. Makes sure of the operation of equipment by completing preventive maintenance requirements; calling for repairs. Loan and savings collection will take place in the group meeting. Keeping loan documents and conversations private in order to maintain customer confidence. Its objective is: Strategic Objective: To contribute in nation building by reducing poverty rate among the rural poor in Sierra Leone through provision of Microfinance services and strengthening Microfinance systems in the country by establishing sustainable Microfinance Institution, capacity building, demonstrating and advocating for widening compliant interest-free financial access for small-scale entrepreneurs and ultra- poor households. But still microfinance initiatives in the country are very few. To achieve the strategic objective, BSB microfinance will accomplish the following over the next 5 years: 1 Objective: Contribute in creating a favorable environment for the expansion of Microfinance institutions in Sierra Leone through policy dialogues with policymakers, regulators, funders via awareness raising, capacity building and advocacy related activities. Saturday, February 23, BSB Micro Finance will begin its Institutional microfinance operation with expected funding from funding institutions, individuals, the government of Sierra Leone, and other international NGOs. The Governing body will consist of at least 15 members. We will participate in numerous on-topic events and seminars that will display AMB LLC as experts as well as give us a podium to describe our different services. To reach its goal of 10, clients, BSB Micro Finance will operate up to 5 separate branches in five years of operation.

Explaining to potential customers the viability of certain loans in relation to an individuals or businesses financial standing.

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(DOC) BSB Five Years strategic Business anygivenchildtulsa.com