A Review On Apna Micro Finance Bank

APNA MICROFINANCE BANK LTD

Apna Microfinance Bank managed by Group of highly experienced bankers committed and specialized in providing financial services to less privileged / marginal poor including economic empowerment of WOMEN & micro-entrepreneurs in the Agri and Micro enterprises in rural areas of Pakistan. It is a private commercial Microfinance bank, currently licensed by the State Bank of Pakistan under the Microfinance Ordinance 2001 to operate its operations nation-wide. Our main focus is to provide personalized services to the poor segment of the society through our dedicated Products that aims to change their lifestyle by entering them in micro-entrepreneurs at a lowest markup rate in the market. We aim to arrange capacity building of under-served masses by improving attitudes, skill, knowledge and ability to initiate and manage economically viable projects. We aim to provide finances, advances and other credit facilities for the development of agriculture and rural market sector including production, marketing and house finance facilities. To mobilize savings by accepting deposits in Savings and other specialized deposit products. We aim to combine the knowledge based with the modern management methodology, latest technology, sophisticated financial instruments, universal Micro-banking concepts and current corporate sciences. We aim to create and perpetuate a culture of balanced approach for the development of market related competitive and innovative financial services. Introducing a culture of innovation and excellence with a view to find the acceptable solutions to real and conceived impediments for promoting a true micro financial regime.

Apna Microfinance Bank managed by Group of highly experienced bankers committed and specialized in providing financial services to less privileged / marginal poor including economic empowerment of WOMEN & micro-entrepreneurs in the Agri and Micro enterprises in rural areas of Pakistan. It is a private commercial Microfinance bank, currently licensed by the State Bank of Pakistan under the Microfinance Ordinance 2001 to operate its operations nation-wide. Our main focus is to provide personalized services to the poor segment of the society through our dedicated Products that aims to change their lifestyle by entering them in micro-entrepreneurs at a lowest markup rate in the market. We aim to arrange capacity building of under-served masses by improving attitudes, skill, knowledge and ability to initiate and manage economically viable projects.

Banks are official financial institutions that have a license from the relevant authorities to raise funds from the public. Funds that have been collected from the community will be channeled back in the form of financial products such as credit or loans to the community so that the existing funds can be more productive and can drive the economy . In addition to collecting and channeling funds back, currently banks also provide other financial products such as investment management, foreign currency exchange, and various payment services.
The term Bank comes from Italian, namely "BANCO" which means bench. In ancient times, bankers served customers at a special operational desk. From here the term bench became popular with the name BANK.

Type of Bank based on function
- Central Bank
- Commercial banks
- Rural banks

Bank types based on how to determine prices:
- Conventional Bank
- Islamic Bank

Type of Bank based on ownership:
- Government Owned Bank
- National Private Owned Bank
- Foreign Owned Bank
- Jointly Owned Bank
- Bank type based on status
- Foreign Exchange Bank
- Non Foreign Exchange Bank

Banking institutions have an important role for every company, both to meet the needs of capital or funds to support business activities, they also have an important role for companies, especially for small companies or small businesses. Small businesses have one of the weaknesses of their lack of order in keeping records and in management. This weakness can have an impact on the uncontrolled use of company funds. To avoid wasteful use, you can use it to control the use of funds by saving money to the bank. Every time getting money is immediately put into the bank before use so that the use of money can be slightly controlled in its use. For banking institutions to provide mutual benefits for both parties, the bank can help to provide guidance in carrying out good records so that the use of funds can be controlled and can create cash plans that have an impact on small businesses