Karandaaz believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our Mission is to Foster economic growth and create jobs through financial inclusion of unbanked individuals and unserved enterprises. We pursue our mission by promoting access to finance for small businesses through a commercially directed investment platform, and financial inclusion of individuals by employing technology enabled digital solutions.
Karandaaz Pakistan is a non-profit organization, based out of Islamabad and was established in 2014. We are registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act. We are supported by UK’s Department for International Development (DFID) and Bill and Melinda Gates Foundation (BMGF). Karandaaz is governed by an eminent board who set the strategy of the organization and steer it towards achievement of its objectives.
Background on PCGC:
Pakistan Credit Guarantee Company (PCGC) is being set up as a DFI for providing credit guarantees to incentivize the Financial Institutes (FIs) to lend more to the collateral deficient micro, small and medium enterprise which is hindering the growth of the SME and Rural economy. PCGC aims to serve as a catalyst while ensuring sound lending practices amongst the FIs. This in turn would not only help improve the affordability of SME borrowing but also increase the number of qualifying borrowers especially collateral light borrowers. With these initiatives, PCGC envisions an expansion of the SME finance market, export led growth, women empowerment and employment generation in Pakistan. PCGC will have shareholding from Ministry of Finance, State Bank of Pakistan and Karandaaz Pakistan.
To effectively oversee Karandaaz’s majority shareholding in PCGC and monitor intended development impact, Karandaaz is seeking to engage a seasoned and senior financial industry expert who has extensive experience and knowledge of credit guarantee facilities and SME financing in Pakistan and/or in other development countries. Ideal candidate for this position would be someone with a strong corporate finance background and prior board experience who can represent Karandaaz on PCGC board of and provide strategic and operational advisory to the board and ensure there is no potential mission drift in the organization. The ideal incumbent would be able to add value by identifying and recommending relevant credit guarantee schemes and products suitable for PCGC to achieve its goals. He/she would have a passion for development of the SME financing space and in-depth knowledge of successful credit guarantee schemes.
The initial contract will be for a period of three years which can be extended depending upon individual’s performance. Karandaaz is a growing organization with a double bottom-line objective i.e. ambitious developmental goals as well as market based commercial returns which are used for advancing the cause of Financial inclusion.
Key Duties and Responsibilities:
The Director will be responsible for the following:
Education and Experience
Culture and Values at Karandaaz
Karandaaz Culture is guided by our values of Innovation, Collaboration, Accountability, Respect and Equity (ICARE). These values shape our choices on what we do and how we do it, both with colleagues internally and partners externally. We also believe that we are all responsible for creating a great place to work and are constantly looking to hire individuals who bring the same level of passion and commitment to the purpose of the organization.
If you believe in Karandaaz vision and values and feel excited about the work we are offering, please send us your application for this position to email@example.com clearly mentioning the position title in the subject line. We will be accepting submissions till 9th September, 2020.
Karandaaz is an equal opportunity employer. Women and people with disabilities and encouraged to apply.