Enterprise Loan Product
Small Scale Regular Loan for Urban and Rural Areas for Manufacturing and Service Sector.
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.
Enterprise Loan Product Details:
| Enterprise Product Features | Description |
|---|---|
| Type of Financing | Small scale enterprises–Regular Loan |
| Target Area | Rural and Urban areas |
| Market Segments | Poor or very poor male or female villagers or farmers having permanent residence in the area and having a running business with positive cash flow or income. |
| Service Charges Rate | Rs. 0.70 to 1.05 per day per 1000. As per applicable policy |
| Loan period | 12 months |
| Loan size | Rs.15,000 to 100,000 depending on the loan cycles, credit need and cash flow based repayment capacity of the borrower |
| Frequency of installment | 12 equal monthly installments |
| Lending methodology | Group as well as Individual lending |
| 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 | Expansion of business in small trade, manufacturing and services, (Handicrafts, Stitching, Aplic work, Grocery and confectionery, Tailoring etc.) |
| Physical verification | Borrower’s residence and experience in running business |
| Cash flow Assessment | Finance department |
| Loan Processing Fee | As per applicable policy |
Enterprise Loan Product Details:
| Enterprise Product Features | Description |
|---|---|
| Type of Financing | Small scale enterprises–Regular Loan |
| Target Area | Rural and Urban areas |
| Market Segments | Poor or very poor male or female villagers or farmers having permanent residence in the area and having a running business with positive cash flow or income. |
| Service Charges Rate | Rs. 0.70 to 1.05 per day per 1000. As per applicable policy |
| Loan period | 12 months |
| Loan size | Rs.15,000 to 100,000 depending on the loan cycles, credit need and cash flow based repayment capacity of the borrower |
| Frequency of installment | 12 equal monthly installments |
| Lending methodology | Group as well as Individual lending |
| 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 | Expansion of business in small trade, manufacturing and services, (Handicrafts, Stitching, Aplic work, Grocery and confectionery, Tailoring etc.) |
| Physical verification | Borrower’s residence and experience in running business |
| Cash flow Assessment | Finance department |
| Loan Processing Fee | As per applicable policy |
