First Karobar Sarmaya

Enterprise Finance up to Pkr 150,000

First Karobar Sarmaya is a loan product for individuals undertaking income generating/business activities for a variety of purposes. It targets home-based entrepreneurs, especially women, as well as small shops in market/commercial areas, undertaking manufacturing, trading or service activities.

Eligibility Criteria
  • Annual income (net of business expenses) not exceeding Pkr 500,000
  • Valid CNIC
  • Age between 18-64 years
  • Business experience of at least one year for individual loans (for clients with a credit history) and group loans, and at least two years for individuals loans for clients with no credit history;
Type of Credit
  • Short to Medium Term Finance
Purpose of Credit
  • Working Capital (including permanent Working Capital)
  • Fixed Asset Acquisition
Lending Methodology
  • Solidarity Group and Individual Basis
Loan Amount
  • Minimum: Pkr 25,000
  • Maximum: Pkr 150,000
Loan Tenor
  • Up to 36 months
Loan Repayment
  • Equal Monthly Installments
  • Equal Quarterly Installments
Collateral
  • Group Guarantee
  • Personal Guarantee
  • 3rd Party Personal Guarantee
  • Cash Near Cash – Against Deposits, National Saving Certificates
  • Property (residential, commercial and agriculture land)
Other Benefits
  • Credit Linked Life Insurance