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ASSIGNMENT
MANAGEMENT
Organization
First Microfinance Bank
Submitted to
Madam Nomeeta Zainab
Submitted by
Group ‘A’
MBA 1st – Section (A)
VISION
Mission Statements
The mission statements of the organization are as follows:
The Bank aims to reach out those who are currently not able
to receive adequate financial services, throughout the
country, in rural as well as urban areas. The target
audiences are the poor and underprivileged of Pakistan,
especially women.
Elaboration:
The mission of the organization is to provide adequate
financial services to the ignored or deprived population of the
country in both rural and urban areas to help them to strengthen
their business or to carry on economic activities. Not only provide
them with finances but also support them over time until they
establish themselves as enterprises. They will reach out to the
poor of the country who are living under the poverty and
Strategic Objectives
The following are the strategic objectives of the organization.
Outreach:-
Elaboration:
Sustainability:-
Elaboration:
Impact:-
Elaboration:
Transparency:-
To introduce good practices, ethical precepts and the
highest standards of rectitude in the conduct of business.
Conclusion:
During our visit to First MicroFinance Bank, We came to
know that how practically the work is done in formal as well as
informal environment. FMFB is now growing rapidly and achieving
its targets on time. The management plays a vital role in
conducting all sorts of operations. The organization is working
efficiently and effectively.
Suggestions:
While visiting the organization’s local office we have
remarked following suggestions:
1. Innovation:
The organization seems to be very innovative. They have
taken many initiatives like introducing new services of funds
transfer and demand drafts, pay orders etc…
2. Stability:
The environment of the organization is mixed, formal as well
as informal. The staff is very cooperative and communication
between manager and sub-ordinates is informal most of the time.
4. Result Orientation:
The main focus of the organization is on customer
satisfaction and provision of facilities to the poor population.