Bussiness Loan 2025

Foundation Provide loan 50K UPTO 1 Crore

  Since 2001, has been working for Poverty Alleviation  

is a not-for-profit organization which was founded in 2001 on the Islamic principle of Mawakhat مواخات or solidarity. The concept of Mawakhat predates to 622 CE when Prophet Muhammad (Peace Be Upon Him) urged the residents of Medina (Ansars) to share half of their belongings with the Muhajirs (migrants) who were forced to flee persecution and migrated from Mecca to Medina. Drawing inspiration from the generosity displayed by the Ansars,  believes that if the same approach, where one affluent family embraces a less fortunate one is adopted today, inequality will be eradicated from the world.

  How to Apply for an Loan

Applying for an loan is simple and accessible, showing the foundation’s dedication to helping people in need. The process includes steps to make sure loans go to deserving candidates who will benefit the most. Here’s a detailed guide on how to apply for an loan:

Step 1: Initial Inquiry

To start, go to the nearest branch. They have many branches all over Pakistan, so it’s easy for people from different areas to use their services. At the branch, ask about the types of loans and get the details for applying.

Step 2: Eligibility Check

Before filling out the application form, it’s important to ensure that you meet the eligibility criteria. Foundation typically requires that applicants:

Be Pakistani citizens.Have a genuine need for financial assistance.Have a viable business plan (for business loans).Show a commitment to repaying the loan.

 

Step 3: Documentation

Prepare the necessary documents to support your application. These documents generally include:

National Identity Card (CNIC) copy.Proof of residence.Business plan or educational records, depending on the type of loan.Income verification documents.

 

Step 4: Application Form

Fill out the loan application form accurately, providing all required information. This form can be obtained from the branch or downloaded from our website. Ensure that you detail your financial needs and plans for utilizing the loan effectively.

Step 5: Submission and Initial Review

Submit the application form and required documents at the branch. The staff will review it to make sure you have provided all the needed information and documents.

Step 6: Field Verification

field officers will visit your home or business to check if you qualify for a loan. This helps know more about your situation and decide if you can get the loan.

Step 7: Loan Approval

After verifying your application, a loan committee will review it. If approved, you will be informed about the loan amount, terms, and conditions. values transparency and will clarify all parts of the loan agreement for you.

Step 8: Distribution

After you agree to the terms, we will give you the loan quickly. makes sure the process is fast and efficient so you can get the money without delays.

Step 9: Utilization and Monitoring

After getting the loan, it’s important to use the money for its intended purpose. Foundation may check how the loan is used and offer help if needed. This helps make sure the loan is used for things like starting a business, paying for education, or handling emergencies.

Step 10: Repayment

Borrowers can repay in small, easy installments without financial stress. interest-free model lets you repay only the principal amount, building trust and community support.