Hunermand Khatoon Qarza

Products Description
PurposeLOLC Hunermand Khatoon Qarza shall be extended to
females for managing their existing business OR establishing new business. Loan
purposes such as small scale Business set ups,
Milking, Animal farming, Beauty Parlour, Academy, School, Small
Shops, Handicraft, Fruit shop and decoration shop, Event
management, Cosmetics, Garments, Hotel etc
Eligibility CriteriaWith annual income (net of business expenses) up to Rs.
1,200,000/- as per SBP guideline
Product Nature Individual Loan
Loan RangeRs. 35,000/- to Rs. 75,000/-
Loan Term3 Months to up to 24 Months without grace periods
Repayment ModeEqual Monthly Instalments (EMI), Structural Monthly Instalments, Bullet Payments
CollateralTwo Personal Guarantors
Documents Required1.CNIC copy of Customer & Next of Kin.
2. Valid CNIC Copy of Guarantors.
3. Utility Bill preferably electricity of business place/residence OR any other document proving the ownership.
(Customer/Guarantor-as per the requirement).
Who Can AvailAny one running her own business within the age bracket of 18 – 60 years with at least one year experience in relevant field (for existing business) and for new businesses, customer should have relevant skills & experience.