First Karobar Sarmaya
Enterprise Finance up to Pkr 150,000
First Karobar Sarmaya is a loan product for individuals undertaking income generating/business activities for a variety of purposes. It targets home-based entrepreneurs, especially women, as well as small shops in market/commercial areas, undertaking manufacturing, trading or service activities.
| Eligibility Criteria |
- Annual income (net of business expenses) not exceeding Pkr 500,000
- Valid CNIC
- Age between 18-64 years
- Business experience of at least one year for individual loans (for clients with a credit history) and group loans, and at least two years for individuals loans for clients with no credit history;
|
| Type of Credit |
- Short to Medium Term Finance
|
| Purpose of Credit |
- Working Capital (including permanent Working Capital)
- Fixed Asset Acquisition
|
| Lending Methodology |
- Solidarity Group and Individual Basis
|
| Loan Amount |
- Minimum: Pkr 25,000
- Maximum: Pkr 150,000
|
| Loan Tenor |
|
| Loan Repayment |
- Equal Monthly Installments
- Equal Quarterly Installments
|
| Collateral |
- Group Guarantee
- Personal Guarantee
- 3rd Party Personal Guarantee
- Cash Near Cash – Against Deposits, National Saving Certificates
- Property (residential, commercial and agriculture land)
|
| Other Benefits |
- Credit Linked Life Insurance
|
Other Terms & Conditions Apply
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