Welcome,
Guest
Login
MIX Publications
mixmarket
Search Site
Search Web
Search
Bengali
English
Français
हिन्दी
Nepali
Русский
Español
Tiếng Việt
Home
My Mix
Countries & Regions
Profiles & Reports
About
Help
New Report
Report Quick Links
MFI Report
Cross-Market Analysis
Funding Structure
Country Profile
Networks
Funders
Service Providers
MFI Report
PRSP
3
Punjab Rural Support Programme
Submit
Select
i
Change MFI
Profile
Data & Reports
Files
Request a change
Add logo
Submit a file
Print
Share
Gross Loan Portfolio
USD, 2010
:
6.9
million
Number of active borrowers
2010
:
57,221
Average loan balance per borrower
USD, 2010
:
121.0
Deposits
USD, 2010
:
—
Assets
USD, 2010
:
—
Number of depositors
2010
:
—
Mission:
Rural uplift and improvement in quality of life of the rural population
Background and Main Challenges:
The main challenges faced by PRSP includes:
1) Provision of demand based products that are not conventional
2) Development of new financial products
Like other Rural Support Programmes PRSP also provides saving services to almost 225,000 clients as a facilitator.
Address:
LDA Palza, 7th Floor, Egerton Road
Lahore
Punjab
Pakistan
Phone:
92 42 6369042
Fax:
92 42 6369043
Email:
prspfc
[at]
lhr [dot] comsats [dot] net [dot] pk
Website:
www.prsp.org.pk
Main Funding Sources:
Grants
Loans
Products and Services:
Loans
Training and Consulting
Services Provided:
Business Development Services
Health
Education
Other
Looking for (Investment Types):
Donations
Guarantees
Capacity Building Grants
Equity investments
% Operations Comprised by MF:
61 - 70
Date established:
Jan 1 1998
FYE:
30-Jun
Current Legal Status:
NGO
Regulated:
yes
Social Performance Profile
+
Mission specifics
+
Target markets (ranked by importance)
Clients living in rural areas
1
+
Development goals (ranked by importance)
Poverty reduction
1
+
Poverty targets
Very poor clients
Poor clients
Low income clients
+
Governance
+
Range of products and services
+
Financial products and services offered
+
Credit products offered
Microcredit loans for microenterprises
Loans for agriculture
+
Savings products offered
+
Compulsory insurance products required
Compulsory credit life insurance
+
Voluntary insurance products offered
+
Other financial products and services offered
Savings facilitation services
+
Non-financial services offered
+
Enterprise services offered
+
Education services offered
Basic health/nutrition education
Child and youth education
+
Health services offered
+
Women's empowerment services offered
Women's rights education/gender issues training
+
Products and services targeting the poor
Products and services specifically designed to target the poor:
+
Social responsibility to clients
+
Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
+
Cost of services to clients
+
Social responsibility to staff
+
Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+
Basis of staff incentives related to social performance
+
Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
This institution trains/educates clients regarding environmental improvements
+
Poverty measurement tools in use
Partnerships
Current
Name
Relationship
PMN
Network Affiliation
At a glance
Assets
Gross Loan Portfolio
Equity
Contacts
Nauman Ghani
Chief Planning Monitoring Evaluation and Research
prspfc
[at]
lhr [dot] comsats [dot] net [dot] pk
92 42 6369042
S. Shafaat Gillani
Manager Microfinance
shafaat [dot] gillani
[at]
prsp [dot] org [dot] pk
92 42 6369042
MIX Market Data Updates
Subscribe to MIX Market data updates for PRSP
Learn more
Share this Profile
PRSP
Get a button like this to put on your web site
PRSP
|
MIX Market
February 12, 2012 - 6:22am