Lending
Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Underserved Areas
A loan facility, launched by SBP, that is targeted towards women in an effort to lend them financial support. Under the scheme,women entrepreneurs can seek financing facilities enabling them to setup a new business and/or expand their current one across Pakistan
Key Features
• Refinancing will be provided to women entrepreneurs of underserved areas at a mark-up rate of up to 5% per annum
• Financing of up to PKR 5 million with a financing tenor of up to 5 years and a grace period of up to 6 months
• Risk coverage of 60% on the outstanding principal
Criteria
• Borrower or primary sponsor must be a Pakistani resident
• Borrower must meet the Bank’s as well as the applicable regulator’s policies
• Personal guarantee is required of the borrower herself
How to Apply
• Original CNIC along with a verified copy
• Copy of a recent utility bill
