Akhuwat Foundation Loans 2023
Individuals in Pakistan who are in need of financial assistance can apply for Akhuwat Foundation loan, which is a non-profit organisation that works in Pakistan and offers loans with no interest. The foundation offers a variety of loan programmes that are intended to assist people from a wide variety of backgrounds, ranging from those who own small businesses to students are in a dire need of financial loan support for their education.
The Akhuwat Foundation provides the following examples of the various lending packages it has available.
Akhuwat Foundation Loan Scheme 2023
Akhuwat Foundation supports diverse persons with interest-free financing programmes. Qarz-e-Hasna, Saqafat, Education Loan, Microfinance, Agriculture Loan, and Akhuwat Institute of Social Enterprise and Management (AISEM). Each loan programme meets unique needs, including helping the most vulnerable, supporting small business owners, helping students pay for school, empowering farmers to increase productivity, and equipping social entrepreneurs with the knowledge and resources to start and run social enterprises. The foundation’s financing programmes reduce poverty and boost Pakistan’s economy.
Qarz-e-Hasna Loan Akhuwat Foundation
This initiative, known as Qarz-e-Hasna, makes loans to people who are having trouble making ends meet and does not charge them any interest. The loan amount might be anything between 10,000 and 50,000 rupees maximum limit range, and the repayment period can go for as long as a year. Those who are financially precarious are eligible for the loan because it does not require any collateral and the interest rate is quite low.
Saqafat Akhuwat Foundation Loan
The Saqafat programme offers artisans and craftspeople who want to start their own enterprises or grow existing ones access to loans with no interest whatsoever. The amount of the loan might be anything between 50,000 and 200,000 rupees, and the repayment period can be as long as two years. Those who are having trouble securing money for their small enterprises can take advantage of this loan because it is provided without requiring any collateral and does not accrue any interest.
Akhuwat Foundation Loan for Students & Education
The Education Loan programme makes no-interest loans available to students who have their sights set on obtaining a higher education. The amount of the loan might be anything between 10,000 and 100,000 rupees, and the repayment period can be as long as two years. The purpose of this loan is to provide assistance to students are having trouble meeting the costs of their education owing to limited financial resources. check other Student Loan in Pakistan.
Akhuwat Foundation Microfinance Loan Scheme
The Microfinance programme offers loans to those who want to start their own small companies or develop existing ones without charging them any interest. The loan amount might be anything between maximum limit range 10,000 and 100,000 rupees, and the repayment period can go for as long as a year. Those who are having trouble securing finance for their small enterprises can take advantage of this loan because it does not require any form of security and does not accrue any interest.
Akhuwat Foundation Agriculture Loan
The Agriculture Loan programme offers zero-interest loans to farmers who want to buy seeds, fertiliser, and other agricultural inputs. The loans can be used for any agricultural purpose. The loan amount might be anything between maximum limit range 10,000 and 100,000 rupees, and the repayment period can go for as long as a year. This loan is intended to assist farmers in increasing their overall productivity and enhancing their ability to provide for themselves and their families. check other Agriculture Loan in Pakistan.
AISEM offers education and training to people who want to build their own social companies and manage them. The curriculum for the programme includes a wide variety of classes, some of which are social entrepreneurship, project management, and financial management. Graduates of AISEM who desire to launch their own social enterprises are eligible for financing without interest from the organisation.
Akhuwat Foundation Marriage Loan
The “Marriage Loan” from Akhuwat Foundation helps families with wedding costs. Marriage Loans are interest-free. The loan amount is maximum limit range 30,000–100,000, and the repayment period is one year. The loan can be used to buy wedding dresses, furnishings, jewellery, and other items for people of different faiths and backgrounds. This financing initiative shows Akhuwat Foundation’s dedication to social welfare and helping the needy. check other Marriage Loan in Pakistan.
What is the maximum loan amount for Akhuwat Foundation?
Program and eligibility determine Akhuwat Foundation’s maximum loan amount. As of my knowledge cutoff date of September 2021, Akhuwat’s maximum loan amount was Rs. 100,000 for its microfinance programme and Rs. 500,000 for its Qarz-e-Hasna (interest-free loan) programme. For current information, visit their website or call them.
Who is eligible for Akhuwat loan?
Program eligibility for Akhuwat Foundation loans varies. Akhuwat’s loan initiatives target financially poor groups with limited or no credit. An Akhuwat loan may require a strong business plan, collateral or guarantors, a steady income, and good credit. Akhuwat may prioritise loan initiatives for women, youth, and disabled people. For eligibility requirements, visit their website or call them.