Asghar Memon

Asghar Memon Email and Phone Number

Chief Executive Officer @ Damen Support Programme
Lahore, PK
Asghar Memon's Location
Islāmābād, Pakistan, Pakistan
Asghar Memon's Contact Details

Asghar Memon personal email

n/a
About Asghar Memon

I am an experienced Head of Portfolio Management and Lending Operations with a robust background in financial services and business development, mastering the intricacies of business management and credit risk management. Throughout my 25-year career, I have been recognized as a value integrator, passionately committed to advancing financial inclusion, empowering women, and enhancing livelihoods.My journey started with a vision to propel corporate and financial sector growth through innovative strategies. I've had the privilege to be in the team of founding the Pakistan Microfinance Investment Company (PMIC), a pioneering institution that has driven positive change across Pakistan. Leveraging my expertise, I have facilitated lending to corporate and financial institutions, fostering sustainable economic progress. As an authority in business development, I have excelled in due diligence, credit risk management, and compliance, ensuring stability and success through meticulous financial oversight and strategic risk mitigation.Strong communication skills have been pivotal in my career, enabling me to forge trusted collaborations and navigate complex negotiations with prestigious organizations such as The World Bank, Asian Development Bank, KfW, and IFAD. These partnerships have been essential in fostering mutual understanding and driving collective progress.My commitment to social impact shines through my active participation in development projects, impact financing, and technical assistance initiatives. I am devoted to enhancing institutional governance and making a positive difference in the lives of marginalized families and businesses. This dedication is fueled by a genuine commitment to promoting financial inclusion, gender equality, and sustainable livelihoods, aiming to create a lasting legacy of social empowerment and change.Innovation has always been at the core of my approach, leading transformative initiatives that revolutionize the financial sector and set new industry standards. Continuously seeking innovative solutions to tackle complex challenges, I drive significant progress and sustainable development.Guided by an unwavering commitment to excellence, I am driven by a profound passion for making a meaningful difference in every endeavor.

Asghar Memon's Current Company Details
Damen Support Programme

Damen Support Programme

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Chief Executive Officer
Lahore, PK
Website:
pmic.pk
Employees:
34
Asghar Memon Work Experience Details
  • Damen Support Programme
    Chief Executive Officer
    Damen Support Programme
    Lahore, Pk
  • Pakistan Microfinance Investment Company
    Svp / Head Of Microfinance Portfolio
    Pakistan Microfinance Investment Company Dec 2016 - Present
    Islamabad
    Pakistan Microfinance Investment Company Limited (PMIC) is a national-level apex institution for microfinance providers. Jointly formed by three state institutions, PPAF, DFID through Karandaz and KfW a German Development Bank.In my role, I spearheaded departmental operations, overseeing business development, investments, financial due diligence, deal finalization, and risk mitigation. This leadership facilitated substantial growth and financing, benefiting diverse institutions. My strategic oversight led to the attainment of an impressive PKR 30 billion portfolio within six years, demonstrating my exceptional financial acumen and adept asset management skills.I successfully expanded our client base to over 1 million clients, with 80% being women and 60% of the portfolio directed towards rural communities, significantly advancing financial inclusion. I actively contributed to various organizational committees, including Management, ALCO, Risk, ERP, and Health & Safety, showcasing my dedication to excellence and safety protocols. Additionally, I enhanced the governance of borrowing organizations through internal ratings and proudly represented PMIC on national and international platforms, bolstering the company's global reputation.
  • Pakistan Poverty Alleviation Fund
    General Manager, Microfinance Portfolio Management, Financial Services Group
    Pakistan Poverty Alleviation Fund Jul 2007 - Nov 2016
    Islamabad
    General Manager/HoD (Jul 2012-Nov 2016)Senior Manager (Jul 2009-June 2012)Manager (Jul 2007-June 2009)Joined PPAF as a Manager and was promoted as departmental head in a few years’ time. I lead the team focused on lending operations, expanding financial services, and improving institutional viability, risk management and portfolio quality.Here, I significantly expanded our lending operations, growing them from PKR 6 billion to PKR 15 billion, which marks a remarkable 150% growth. My efforts successfully extended financial services into underserved areas such as Balochistan and KPK, reaching previously neglected regions and communities. Implementing a robust risk management strategy, I diversified the borrower base and maintained exceptional portfolio quality, keeping non-performing loans consistently below 1%.Collaborating with multilateral and bilateral agencies, I executed programs worth USD 270 million, achieving high satisfaction ratings. I pioneered the introduction of over 25 innovative financial products and delivery mechanisms, including tailored value chain financing solutions and social safety nets for the ultra-poor, contributing significantly to poverty alleviation and livelihood enhancement.
  • Orix Leasing Pakistan Limited
    Manager - Microfinance Division
    Orix Leasing Pakistan Limited Feb 2006 - Jun 2007
    Lahore
    ORIX Leasing Pakistan Limited (OLP), the corporate sector, a subsidiary of ORIX Corporation, Japan's leading integrated financial services company spread over 26 countries. OLP, one of the leading leasing companies in Pakistan, with main business activity of financing SMEs and leasing of moveable assets but is equally doing Microfinance. In this assignment, I successfully supervised the growth of the microfinance division, expanding it from 1 branch to 7 branches. This expansion allowed us to execute retail lending operations more effectively, broadening our client base and providing essential financial services to a larger community. Additionally, I established and managed credit lines for NGOs across Pakistan, supporting their financial needs and contributing to community development.I also pioneered the introduction of 'Micro Cards for Poor Clients,' a pilot product designed to serve the underprivileged segment of the population. This innovative financial tool improved financial inclusion and access to resources for the poor, demonstrating its effectiveness in enhancing their financial stability and opportunities.
  • Safwco
    Head - Economic Development Sector
    Safwco Feb 2001 - Feb 2006
    Hyderabad, Sindh
    SAFWCO is a NGO working in the development sector of Pakistan for socio-economic empowerment of vulnerable communities. It is working on social and economic development activities for poor segment in rural Sindh. As Program Head, Economic Development Sector SAFWCO, I was responsible for managing the provision of financial services to poor clients and their economic empowerment and enterprise development. I was leading a team of more than 75 professional staff members. Played a pivotal role in laying the foundation and expanding the institution's microfinance initiative from less than 1,000 clients to an impressive total of over 40,000 clients within a four-year period.
  • International Water Management Institute (Iwmi)
    Research Engineer
    International Water Management Institute (Iwmi) Jul 1995 - Dec 2000
    Mirpurkhas, Hyderabad, Lahore
    International Water Management Institute (IWMI) is one of 15 international research centers supported by the network of 60 governments, private foundations and international organizations collectively known as the Consultative Group on International Agricultural Research (CGIAR). It has offices in 12 countries across Asia and Africa.As the first professional job I was associated with the multinational organization “International Water Management Institute (IWMI)” and performed the duties as an active team member in Mirpurkhas, Hyderabad and Lahore offices. For most of the time at IWMI I performed in an action research project “Farmers Managed Irrigation System”; aimed for the institutional development in the irrigation sector of Pakistan; later on; turned as ‘Sindh Irrigation & Drainage Authority’ (SIDA) and PIDA in Punjab.

Asghar Memon Skills

Financial Analysis Banking Microsoft Excel Risk Management Project Management Microsoft Office Financial Modeling Strategic Planning Business Analysis Process Improvement Investments Credit Change Management Financial Reporting Microfinance Research Team Leadership Economic Development Management Managerial Finance Analysis Ngos Strategy Capacity Building Business Planning Policy Leadership Governance Training Finance Rural Development Analytical Skills

Asghar Memon Education Details

Frequently Asked Questions about Asghar Memon

What company does Asghar Memon work for?

Asghar Memon works for Damen Support Programme

What is Asghar Memon's role at the current company?

Asghar Memon's current role is Chief Executive Officer.

What is Asghar Memon's email address?

Asghar Memon's email address is as****@****.org.pk

What schools did Asghar Memon attend?

Asghar Memon attended Lahore University Of Management Sciences, Harvard Business School, Boulder Institute And Ifc, Washington Dc, Usa, International Training Center (Itc), Turin, Italy, Lahore University Of Management Sciences, University Of Sindh, University Of Sindh, Sindh Agriculture University.

What are some of Asghar Memon's interests?

Asghar Memon has interest in Poverty Alleviation, Children, Education, Economic Empowerment.

What skills is Asghar Memon known for?

Asghar Memon has skills like Financial Analysis, Banking, Microsoft Excel, Risk Management, Project Management, Microsoft Office, Financial Modeling, Strategic Planning, Business Analysis, Process Improvement, Investments, Credit.

Who are Asghar Memon's colleagues?

Asghar Memon's colleagues are Bilal Hameed, Ambreen Zehra, Dur E Najaf, Faizan Siddiqui, Muhammad Bilal, Bilal Abdul Razzaq, Maliha Iqbal.

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