Livestock 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.
Livestock Loan Product Details:
| Livestock Product Features | Description |
|---|---|
| Type of Financing | Livestock–Seasonal Loans |
| Target Area | Rural areas of Sindh |
| Market Segments | Poor or 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 1,000 on diminishing balance basis/As per applicable policy |
| Loan Period | 6 Months |
| Loan Size | Rs.10,000 to 50,000 depending on the loan cycles, credit need and cash flow based repayment capacity of the borrower. |
| Frequency of installment | Single or Bullet Payment |
| 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 for males. Females are not required to provide photograph |
| Purpose of Loan | Breed and Raise, Fattening, Trading and Milking of Animals |
| Physical verification | Borrower’s residence and experience in livestock rearing and adequate space for livestock rearing |
| Cash flow Assessment | Finance Department |
| Loan Processing Fee | As per applicable policy |
Livestock Loan Product Details:
| Livestock Product Features | Description |
|---|---|
| Type of Financing | Livestock–Seasonal Loans |
| Target Area | Rural areas of Sindh |
| Market Segments | Poor or 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 1,000 on diminishing balance basis/As per applicable policy |
| Loan Period | 6 Months |
| Loan Size | Rs.10,000 to 50,000 depending on the loan cycles, credit need and cash flow based repayment capacity of the borrower. |
| Frequency of installment | Single or Bullet Payment |
| 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 for males. Females are not required to provide photograph |
| Purpose of Loan | Breed and Raise, Fattening, Trading and Milking of Animals |
| Physical verification | Borrower’s residence and experience in livestock rearing and adequate space for livestock rearing |
| Cash flow Assessment | Finance Department |
| Loan Processing Fee | As per applicable policy |
