Group Loans

Loans offered to small cultivators through Community Organizations. These loans amount up to PKR 70,000 on group guarantees. They are dependent upon harvest seasons.

Purpose of loan

Agricultural loans may be taken for the following purposes but are not limited to these:

  • Payment for land lease
  • Land leveling
  • Land preparation for cultivation
  • Procurement of seeds, fertilizers, pesticides or tube well water
  • Any other activity related to agriculture production
Loan eligibility
  • Upper age of client is limited to 59 years (60 years at the time of maturity).
  • Client should have a valid CNIC.
  • Resident of same district.
Loan duration As per crop pattern
Repayment option Lump sum on crop harvest
Collateral Group guarantee
Disbursement To individual
Interest rate 28% annually of declining trend
Fee and charges As per SOC
Insurance
Complementary Hospitalization & Death Insurance up to Rs.20,000/-

 

Livestock Loans are offered through Community Organizations. They amount up to PKR 70,000 on group guarantees. They are not based on harvest seasons.

Purpose of loan

Livestock loans may be taken for the following purposes but are not limited to these:

  • Livestock fattering
  • Livestock trading
  • Purchase of Milking animals, Goat and sheep farming and any other related to livestock.
Loan eligibility
  • Upper Age of customer shall be 59 years. 60 years at the time of maturity.
  • Markup rate 28% p.a., declining balance method
  • Should have a valid CNIC
  • Resident of local district
Loan duration 12 Months
Repayment option Lump sum
Collateral Group guarantee
Disbursement To individual
Interest rate

28% p.a.  declining balance method

Fee and charges As per bank SOC
Insurance Complementary Hospitalization & Death Insurance up to Rs.20,000/-

 

The objective of introduction of women empowerment group loan is to provide financial facilities to working women for income generating activities at their doorstep. By availing the financial facilities, the women shall be able to increase their household income, amongst other thing. Specifications of this product is given below.

Purpose of loan

  • Purchase of Goat Sheep or Calves
  • Any Other Livestock related activities
Loan eligibility
  • Upper Age of client shall be 59 years. 60 years at the time of maturity. 
  • Should have a valid CNIC.
  • Should be the local resident of same district.
Lending mode Group Based Lending
Loan duration

12 Months

Repayment option Lump sum i.e. bullet
Interest rate 28% p.a. on declining balance method
Processing fee
  • Nil up to Loan Amount of Rs. 5,000/-
  • Rs. 100/- for Loan Amount greater than Rs. 5,000/-
Collateral/Security Social Collateral i.e. Group Guarantee

Insurance

Complementary Hospitalization & Death Insurance up to Rs.20,000/-
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