Under this scheme, bank will provide financing facilities to women entrepreneurs to meet credit needs of their small & medium businesses. This initiative also empowers women in agribusiness, boosts agricultural productivity and fosters inclusive policies that integrate women into value chains.

Features & Benefits:

• Maximum Limit:

  • SME: Up to PKR 10 million.

  • Agri: Up to PKR 5 million.

  • SBP Refinance & CG Scheme for Women Entrepreneurs: Up to Rs. 5M or as per SBP scheme amended from time to time.

• Medium/Long Term Finance (LTF): Up to 5 years

• Passenger/Commercial vehicles

• Medium/ LTF: Monthly / Quarterly / Biannually in case of farm credit after grace period (if any).

• Pricing: 6M Kibor + 5% p.a.

• Loans booked under SBP Refinance Scheme (as per related eligibility criteria) will be charged flat 5% p.a. as per scheme.

• Equity Participation for Existing Businesses: Minimum 20%

For Startup Businesses: Minimum 30%

Equity participation for permanent working capital loan: 40%

• Loan will be secured preferably against PGs of proprietor/ partners/ directors.

Eligibility:

• Age of Sponsor/Sole Proprietor: 21 to 60 years.

• Individual/Proprietor/Partners/Directors are Citizen of Pakistan having valid CNIC with entrepreneurial potential.

• In case of Partnership & Companies, one or more of the owners, partners or directors must be woman/women & holds 50% or more shareholdings in partnership/company.

• Have Alfalah Pehchaan Current Account with BAFL.

•  Residence or business place is within 40 KM from extending branch (For Agri Businesses) and within same city for SME Businesses.

Rates & Charges:

• Processing Fee 1% of approved limit or Min. Rs. 10,000 whichever is higher – for fresh loans or as approved by Approving authority.

• Term Loan: Penal mark-up to be charged as per existing applicable rate.

• AFF (Financing Mode): Late Payment Charges to be charged as per SOC.

• AFF (Leasing Mode): Additional Lease Rentals (ALRs) to be charged as per SOC.