Financial Statement Analysis
May 24, 2016
Mr. Mudassar Aqil, President and CEO FINCA Microfinance Bank, was invited to the Lahore School of Economics to deliver a lecture on 'Financial Statement Analysis' on Monday, May 23rd, 2016, to a MBA class.
FINCA started around 8 years back to fill the demand gap that existed in the market and presently it serves 150 million people. Mr. Mudassar explained various models used by FINCA including group lending model, individual lending model and bullet lending model and discussed how the undocumented businesses are analyzed.
The speaker talked about FINCA's target market which primarily consists of borrowers from rural areas (80%). Advancements are being made to attract urban customers including digitization of loan approval and payment which would cut down the loan approval time from 3 days to 24 hours. He also discussed the launching of a digital wallet. He also talked about the KYC model, i.e. the Know Your Customer model in order to prevent AML i.e. Anti Money Laundering.
In the end, the speaker answered the questions of the students in the light of his own experiences.
Labels: Guest Speaker
posted by S A J Shirazi @ 5/24/2016 03:32:00 PM,
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