Advance Corporate Finance
October 14, 2014
Mr. Mudassar Aqil, President FINCA Microfinance Bank, was invited to Lahore School of Economics to deliver a lecture to the graduating students of MBA enrolled in the course of Advance Corporate Finance on September 26, 2014.
While giving a brief introduction of FINCA he told the students that FINCA started its operations in South America for farmers. Spreading rapidly it acquired Kashf Microfinance Bank one and a half years ago in Pakistan. Currently it operates in 80 cities in Pakistan. Quoting Dr. Yunus he said that poor people were a better credit risk than rich people.
He also explained solidarity lending. He said that poor people were very enterprising, they knew the opportunities around them and they were aware of the risks and gains. Mr. Aqil also explained the difference between SME banking and Microfinance banking and how solidarity lending changed into individual lending in urban areas. He then talked about collateral and underlying principles of borrowing.
The speaker also talked about the mission of FINCA Bank which was to have real impact on poverty by working with the lowest income entrepreneurs. He also enlightened the students on career options in microfinance banking and how it was different from commercial banking.
Labels: Guest Speaker
posted by S A J Shirazi @ 10/14/2014 10:17:00 AM,
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