Anfaa Micro Loan
This product is designed to provide financial services to the poor and low-income segment of the developing areas with reasonable price, specifically considered to provide financial support for Income Generation to skilled women.
Purpose | Financially support for Income Generation specifically, skilled women |
Lending Methodology | Individual Lending (Group Based) |
Duration of Loan | 336 Days (12 installments) |
Repayment Mode | 4th Week |
Mark up Rate | Competitive rates applied in accordance with Company’s internal policy |
- Criteria of taking loan
- Low-income individual, one from each household.
- Must be a Micro entrepreneur, regular income from business.
- Physically fit to run the business him/herself
- Must be a permanent resident, rental client must be resident of minimum two years in same house/mohla.
- Have valid CINC, token may be accepted (after disbursement within 15days he provide valid CNIC)
- Age between 18 to 60 at entry point and can continue borrowing till reach 65 years.
- CIB Policy
- Clients cannot be awarded with the loan if she/he has been declared default by any organization/ Institution/ Bank.