| Description | Features of the Product |
|---|---|
| Type of financing | It is the financial assistance extended to qualified clients for agricultural purposes. This may include working capital to buy seeds, fertilizer and purchase agriculture equipment |
| Target area | Rural |
| Market segments | Farmers- residents in the operational area. |
| Age of Client at the time of loan | 18 – 65 years |
| Service charges rate | As per policy of IIFC Group |
| Murabaha loan period | 6 to 12 months |
| Loan size | AFN. 10,000 to 200,000 depending on the repayment capacity of the client |
| Frequency of installment | 6 to 12 months based on the production cycle for framing, machinery, maximum SCFA term can be up to 12 months. Mode of payment of principle is lump sum for short term ASCFA and for long terms regular payment includes both markup and principle. |
| Lending methodology | Individual loan |
| Collateral type |
For Medium SCFAs at least two guarantors are required to guarantee such SCFAs. If applicable, IIFC Group may also require the borrowers to present original property documents to IIFC Group as collateral. In addition, to two guarantors. |
| Identification source | Cop of Tazkira( NID) and a recent photo of client and guarantors |
| Purpose of Murabaha loan | Increase income |
| Previous experience | Experience in agriculture activities |
| Physical verification | Client’s residence and agriculture activities
Shura Khat / Wakil Guzar verification or electricity bill of house |
| Cash flow assessment | By Loan Officer in the field |