Agriculture Loan Product
Small scale Seasonal Loan for Rural Areas and Villages having Land not more than 12 Acres.
Condition:
The security involved is personal guarantee with an undated cheque. The loan is given after due verification by the Credit Officer of the respective area. Any person who has previously defaulted is not provided with any sort of financial credit facility.
Agriculture Loan Product Details:
| Agriculture Loan Product Features | Description |
|---|---|
| Type of financing | Agriculture–Seasonal |
| Target area | Rural and Urban areas of Sindh |
| Market segments | Poorer very poor male or female villagers or farmers having permanent residence in the area having land holding of less than 12 acres. |
| Service charges rate | Rs. 0.45 per day per 1000 on diminishing balance basis/As per applicable policy |
| Loan period | 6 months and Annual (Monthly Installments) |
| Loan-size | Rs.15,000 to 50,000 depending on the loan cycles, credit need and cash-flow based repayment capacity of the borrower. |
| Frequency of installment | Monthly or bullet payment |
| Lending methodology | Group as well as Individual lending through group |
| Collateral type | Social collateral, guarantee provided by the group members. Two guarantors for individual lending |
| Identification source | Copy of CNIC, and a photograph |
| Purpose of loan | Land cultivating, Growing Seasonal Crops etc |
| Physical verification | Borrower’s residence and experience in farming |
| Cash-flow Assessment | Finance Department |
| Loan Processing Fee | As per applicable policy |
Agriculture Loan Product Details:
| Agriculture Loan Product Features | Description |
|---|---|
| Type of financing | Agriculture–Seasonal |
| Target area | Rural and Urban areas of Sindh |
| Market segments | Poorer very poor male or female villagers or farmers having permanent residence in the area having land holding of less than 12 acres. |
| Service charges rate | Rs. 0.45 per day per 1000 on diminishing balance basis/As per applicable policy |
| Loan period | 6 months and Annual (Monthly Installments) |
| Loan-size | Rs.15,000 to 50,000 depending on the loan cycles, credit need and cash-flow based repayment capacity of the borrower. |
| Frequency of installment | Monthly or bullet payment |
| Lending methodology | Group as well as Individual lending through group |
| Collateral type | Social collateral, guarantee provided by the group members. Two guarantors for individual lending |
| Identification source | Copy of CNIC, and a photograph |
| Purpose of loan | Land cultivating, Growing Seasonal Crops etc |
| Physical verification | Borrower’s residence and experience in farming |
| Cash-flow Assessment | Finance Department |
| Loan Processing Fee | As per applicable policy |
