- Product Description
Livestock Loan is the integral part of rural economy. Livestock loan is offered for farmer to purchase milking animal for dairy and furrying business.
- Eligibility Criteria
a) Household annual income less than Rs. 500,000
b) Age between 18-58 years
c) Holding valid CNIC
d) Experience minimum of 3 years
e) Permanent resident of the local area
f) Positive credit worthiness as per “SMC” criteria
- Purpose of Loan
a) To purchase milking and furrying animals i.e. Goat, Cow, Buffalo etc.
b) Purchase feed for animals if having animals.
- Lending Methodology
Group Base Lending and group will be comprised between 3-6
- Guarantee
Social Collateral/ post dated cheques
- Loan Period
6 Month for Farba kari loan and 12 months loan for milking
- Loan Repayments
Lump sum Installment on Farba Kari and equal monthly installments on Milking of one year
- Loan Amount
a) Minimum PKR. 25,000
b) Maximum PKR. 50,000
- Loan Insurance
Loan Insurance in Case of Death only and remaining Loan will be claimed