Who is eligible for micro finance?

Under extant instructions for NBFC-MFIs, a microfinance borrower is identified by annual household income not exceeding ₹1,25,000 for rural and ₹2,00,000 for urban and semi-urban areas. Same criteria shall be extended to all REs for the purpose of the common definition.

How can I check eligibility for akhuwat loan?

Eligibility Criteria for Loans

1. Applicant should have valid CNIC.
2. Having the ability to run / initiate business activity having age between 18-62 years.
3. Applicant should be economically active.
4. Applicant should not be convicted of any criminal offence in lieu of which proceeding are in progress.

What is Micro finance Institute?

MFIs are financial companies that provide small loans to people who do not have any access to banking facilities. The definition of “small loans” varies between countries. In India, all loans that are below Rs. 1 lakh can be considered as microloans.

What is Micro Finance Institute?

Is akhuwat interest free loan?

Interest Free Micro Finance Akhuwat Microfinance was established in 2001 to support poor families through interest-free loans. By providing interest-free loans, Akhuwat empowers the poor to construct their own out of poverty in a self-determined and sustained manner.

How much loan can I get from akhuwat Pakistan?

PKR 500,000/-
Under the said scheme, poor and deserving families will be provided with financial assistance as per Shariah compliant product up to PKR 500,000/- through Akhuwat Islamic Microfinance (AIM). This scheme seeks to support the poor both economically and socially. Repayment period is from 13 to 60 months.

How can I get loan from Nirsal microfinance bank?

How to Apply for A Nirsal Loan

1. Your letter of employment.
2. Pay slip.
3. Your staff ID card.
4. 6 months statement of your bank account.
5. Other valid means of ID like your National ID, Drivers’ licence, and so on.
6. A utility bill.
7. 2 passport photographs.
8. A guarantor form.

What is the Microfinance Bank Ltd?

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 200 touch points, across 183 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions.

What is Khushhali Microfinance Bank?

Khushhali Microfinance Bank works under the supervision of Microfinance Sector Development Program (MSDP), which is an initiation of Government of Pakistan. It prroovides loans to individuals and small businesses.

What are the loan products of Telenor Microfinance Bank?

A few of their loan products are Finca Karobari Karza, Finca Maweshi Karza, Finca Kashtar Karza etc Telenor Microfinance Bank provides loans and other financial services to the people of unprivelidge areas through its branches and branch less banking agents.