FIRST Karobar Sarmaya
Enterprise Finance up to Pkr 350,000
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 1,200,000
- Valid CNIC
- Age between 18-65 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;
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Type of Credit |
- Short to Medium Term Finance
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Purpose of Credit |
- Working Capital (including permanent Working Capital)
- Fixed Asset Acquisition
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Lending Methodology |
- Solidarity Group and Individual Basis
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Loan Amount |
- Minimum: Pkr 20,000
- Maximum: Pkr 350,000
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Loan Tenor |
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Loan Repayment |
- Equal Monthly Installments
- Equal Quarterly Installments (Only for Mountainous Areas)
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Collateral |
- Group Guarantee
- Personal Guarantee
- 3rd Party Personal Guarantee
- Lien on National Saving Certificates/Deposit Account
- Property (residential, commercial and agriculture land)
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Other Benefits |
- Credit Linked Life Insurance
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Other Terms & Conditions Apply Download