Key Features of Akhuwat Loans (Karza):
Feature Description
Type Qarz-e-Hasna (interest-free microfinance)
Loan Amount PKR 10,000 to PKR 150,000 (varies by program)
Tenure 10 months to 3 years (depending on loan type)
Service Charges None (fully interest-free)
Collateral No formal collateral required
Islamic Principles Based on Islamic values of brotherhood and mutual support
🔹 Types of Akhuwat Loans
- Family Enterprise Loan
For small businesses or startups
Up to PKR 150,000
- Agriculture Loan
For farmers (seeds, fertilizers, tools)
Seasonal repayment options
- Liberation Loan
For people trapped in debt from private moneylenders
- Education Loan
For university or technical/vocational education
- Health Loan
For medical emergencies or treatment
- Housing Loan
For construction or repair of homes.
Requires special eligibility
🔹 How to Apply for Akhuwat Loan
- Visit nearest Akhuwat branch (often in mosques/churches).
- Submit:
CNIC copy
Recent photographs
Utility bills (if required)
Business plan or reason for the loan
- Community visit/verification by Akhuwat team
- Attend loan briefing session
- Loan is disbursed in a public setting (usually mosque/church)
🔹 Eligibility Criteria
Resident of the area
Age: 18 to 62 years
Economically active poor
No criminal record
Willing to repay and attend community meetings
