It was part of a wider effort by IFC to support smaller firms across Pakistan, a country where entrepreneurs often struggle to develop their businesses.Reversing the Trend There are close to 3 million small and medium enterprises in Pakistan, which account for 30 percent of the country’s gross domestic product. They often struggle to get loans from banks, which see them as risky investments.Tags: Good Openings Reflective EssaysChildren Problem SolvingAndre Dehon ThesisEvent Planning Business Plan SampleDaily Sketchbook AssignmentsResearch Paper On Management Education
IFC played an instrumental role in that, advising the bank as it developed a new model for lending to small and medium enterprises.Business Plan development services is one of the key services provided to enable existing as well as potential investors to make well researched and informed investment decisions. Business plan is a comprehensive document that enables a business to define its objectives, identify critical areas of operations, design relevant strategies and prepare financial forecasts.Business plans, contrary to popular belief, are not only meant for new businesses but are equally important for better management of existing businesses.Our Experience At SMEDA, we have access to one of the finest human resource pool available in the country.Individual team comprising of a team leader, financial expert and technical expert is assigned to each business plan.Now the company, which is planning to double its workforce, is going after other major contracts."Acquiring new business is key for our company and HBL has made it possible," says Chaudery.A good example of that is the organization’s work with HBL.IFC provided the lender with in-depth advice on how to reach out to smaller firms, which resulted in the launch of the bank’s Business Faida program in November 2011.It provided smaller businesses with an easy-to-manage bank account, financing to cover day-to-day operations, loans that help firms expand, and assistance in trading across borders.It also offers services in English and Urdu, the latter something most lenders don’t provide.