Feasibility Study for IDB’s Microfinance Development Program (wholesale model and retail model)

• Studied the major conventional microfinance models and incorporated them into Shariah compatible modes which could be used by IDB.
• Identified potential strategic partners having existing Islamic (Non-Interest Bearing) microfinance portfolios which could be purchased for giving the IDB-MDP a running start.
• Studied the various banking, tax, microfinance, and other related laws to enable IDB-MDP to operate without any let or hindrance in the target country. The consultant also indicated whether there would be any legal, regulatory impediments to IDB-MDP and recommended practical and speedy solutions for removing the impediments.
• Studied the Microfinance market in the country; proposed the way forward for IDB to implement its MDP and present the various options available along with their respective pros and cons.
• Prepared a 5-year business plan along with detailed proposals on management, finance, marketing (including products, pricing, promotion and distribution) and technical requirements (IT, etc.) for the new institution.
• Provided projected financial statements along with IRR.
• Proposed the amount of capital required for implementation of the IDB-MDP in the target country.