Description | Features of the Product |
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Type of financing | IIFC Group offers Special SCFAs to eligible clients/borrowers who have active livestock, Qaraqul, carpet weaving and carpet sell businesses. The special SCFAs are provided only in selected provinces, where the above- mentioned businesses are common. |
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 24 months |
Loan size |
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Frequency of installment | 6 to 12 months can be monthly/ seasonal/ six months installments |
Lending methodology | Individual loan |
Collateral type |
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Identification source | Cop of Tazkira ( NID) and a recent photos 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 house |
Cash flow assessment | By Loan Officer at field |