AF Family Enterprise Loan
Description
Interest-free microfinance loan provided to low-income families for establishing a new business or expanding an existing one. Operates under the Islamic principle of Qarz-e-Hasna (benevolent loan) with zero interest and no collateral requirement. The loan enables self-employment and stable income generation for underserved communities.
✅ Eligibility Criteria
Pakistani citizen with valid CNIC; age 18–62 years; low-income household; viable business idea or existing small business; good social and moral character in community; must provide two guarantors (non-family members); must reside within approximately 5 km of an Akhuwat branch; no criminal conviction
📋 Documents Required
CNIC copy; two passport-size photographs; latest utility bills (applicant + guarantors); proof of residence; Nikahnama (for married applicants, may be waived after verification); simple business plan explaining loan use
📞 Contact Information
Person: Dr. Muhammad Amjad Saqib (Founder/Chairman)
Phone: 042-111-448-464
