| Description | Features of the Product |
|---|---|
| Type of financing | It is a financial assistance extended to clients engaged in business to generate additional income. The SCFA may include working capital for inventories/ stocks to be sold, salaries of the workers and other overhead costs. |
| Target area | Rural and Urban Market |
| Market segments | Low-income community and micro entrepreneurs having permanent residence in the operational area and running business with positive cash flow or income |
| 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 18 months |
| Loan size | AFN. 10,000 to 200,000 depending on the need and cash flow based on the repayment capacity of the Client |
| Frequency of installment | 6 to 18 months equal monthly installments |
| Lending methodology | Individual loan |
| Collateral type |
|
| Identification source | Cop of Tazkira( NID) and a recent photo of Client and guarantors |
| Purpose of Murabaha loan | Expansion of business in small trade, manufacture and services |
| Previous experience | At least ( two years ) experience in business or basic knowledge about the proposed business activity |
| Physical verification | Client’s residence and business
Shura Khat / Wakil Guzar verification or electricity bill of the house |
| Cash flow assessment | By Loan Officer in the field |