- Product Description
SMC “Chhotta Karobari Loan” is a product for low income individuals undertaking income generating/business activities for a variety of purposes. Chhotta Karobari Loan is a household loan provides for women and men in the fields of small shopkeeper, handicraft, manufacturing, trading or services activities etc.
- 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) Running business/ new Business
g) Positive credit worthiness as per “SMC” criteria
- Purpose of Loan
To meet the needs of working capital, assets maintenance and purchase of new business items for run the new business.
- Lending Methodology
Group Base Lending and group will be comprised between 3-6
- Guarantee
Social Collateral/ post dated cheques
- Loan Period
12 months
- Loan Repayments
Equal Monthly Installments
- Loan Amount
a) Minimum PKR. 20,000
b) Maximum PKR. 50,000
- Loan Insurance
Loan Insurance in Case of Death only and remaining Loan will be claimed