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CSR> Citi Microentrepreneurship Awards > Contest Framework 2007 |
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| Contest Framework 2007 |
Citi Microentrepreneurship Awards 2007 – Pakistan |
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CONTEST DESIGN |
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Categories & No. of Prizes |
- Total 10 categories- Winners & Runners up
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- No. of Prizes: One winner and one runner up within each category
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- Loan Officers Recognition Award: 20
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- Total award recipients: 20 Microentrepreneurs and 20 Loan Officers.
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- Contest location: Islamabad
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Category |
No. |
Award Amount |
Total PKR |
National: Best Male Microentrepreneur |
1 |
115,000 |
115,000 |
National: Best Female Microentrepreneur |
1 |
115,000 |
115,000 |
Regional: Best Rural Microentrepreneur (1 x 4 provinces) |
4 |
75,000 |
300,000 |
Regional: Best Urban Microentrepreneur (1 x 4 provinces) |
4 |
75,000 |
300,000 |
Runners-up: |
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National Male |
1 |
60,000 |
60,000 |
National Female |
1 |
60,000 |
60,000 |
Regional Urban (1 x 4 provinces) |
4 |
45,000 |
180,000 |
Regional Rural (1 x 4 provinces) |
4 |
45,000 |
180,000 |
Loan Officer Recognition Award: |
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National |
4 |
25,000 |
100,000 |
Regional |
16 |
15,000 |
240,000 |
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APPLICATION PROCESS
No of MFIs & Applications
- Contact 160 MFIs all over Pakistan
- Approximately 400 applications expected
Contest Process
- Pakistan Poverty Alleviation Fund (PPAF) and Citi send cosigned letter to all MFIs
- PPAF distributes the information to the MFIs
- PPAF sends the application form with Awards brochure.
- MFIs advertise the competition through loan officers.
- Students/ interns/ PPAF Staff follow up with MFIs to ensure 5 applications minimum
- MFIs send applications to Citi via PPAF.
- PPAF & LUMS perform the first round of screening narrowing the number of applications to 50.
- Citi Volunteers performs the second round of screening bringing down the total number to 20.
- PPAF/ LUMS visit the 20 applicants, accompanied by loan officers, to video-tape short interviews and validate information in application. Video clips to be used for publicity and awareness programs later.
- PPAF/Citi coordinate logistics for travel by the 20 micro-entrepreneurs and 20 loan officers to the award location.
- The panel of judges or the National Advisory Council chooses the winners and runner ups from the 20 applications.
Contest Guidelines
MFIs are expected to:
- Complete the application form in entirety
- Each MFI to submit 5 applications
- Application must be received by the PPAF before the deadline of September 25th 2007
- Clear addresses of the entrepreneurs are listed for possible spot checks
- Micro Finance Institutions when screening clients are advised to give attention to:
- Contributions of the micro-entrepreneur to their families and communities.
- Profitability of business
- Growth & Innovation
- Employment opportunities generated
- Geographic allocation including rural and urban areas
- General improvements in lifestyle
- Minimum 2 years of micro-credit cycles for eligibility
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