Islamic Investment & Finance
Cooperatives Group

SME SCFA

By | iifcg2020
Date: March 31,2021 in For You

Description Features of the Product
Type of financing IIFC Group offers SME SCFAs to eligible clients/borrowers who have an existing business or have a marketable skill. The loan can be for working capital or small fixed assets and can be used for production, trade, service activities.
Target area Rural and Urban Area
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 24 months
Loan size AFN. 200,000 to 700,000 depending on the repayment capacity of the client
Frequency of installment 6 to 24 months equal monthly installments
Lending methodology Individual loan
Collateral type
  • Social collateral – guarantee of family head and two shopkeepers
  • For female client –family head acceptable
  • Real estate mortgage (Title deed)
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 residence and business

Shura Khat / Wakil Guzar verification or electricity bill of the house.

Cash flow assessment By Loan Officer in the field

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