Akhuwat Foundation Loan Amount
The Akhuwat Foundation provides interest-free microfinance loans to help individuals and small businesses overcome financial difficulties. The loan amount varies depending on the type of loan, applicant’s financial status, and repayment capacity. The foundation aims to empower low-income communities by offering Shariah-compliant financial assistance.
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Types of Loans and Their Amounts
Akhuwat Foundation offers various types of loans, each with a different amount range. Here’s a breakdown:
| Loan Type | Minimum Loan (PKR) | Maximum Loan (PKR) | Repayment Period |
|————————–|———————-|———————-|——————|
| Family Enterprise Loan | 10,000 | 100,000 | 12 – 24 months |
| Agricultural Loan | 10,000 | 150,000 | 12 – 36 months |
| Education Loan | 10,000 | 200,000 | 12 – 48 months |
| Health Loan | 10,000 | 50,000 | 12 – 24 months |
| Housing Loan | 50,000 | 500,000 | 12 – 60 months |
| Emergency Loan | 10,000 | 50,000 | 6 – 12 months |
📌 Note: The exact amount granted depends on the applicant’s financial needs, creditworthiness, and previous repayment history (if applicable).
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Key Factors Affecting Loan Amount
The loan amount a person receives from Akhuwat Foundation is influenced by several factors:
1️⃣ Nature of Financial Need: Higher amounts are granted for business or housing loans, while emergency and health loans are usually smaller.
2️⃣ Repayment Capacity: The foundation ensures that the borrower can afford to repay the loan without financial strain.
3️⃣ Guarantor Support: Applicants must provide two guarantors who vouch for their financial credibility.
4️⃣ Previous Loan Record: If an applicant has successfully repaid a previous Akhuwat loan, they may qualify for a higher loan amount in the future.
5️⃣ Community Recommendation: Loans are often given to those recommended by local community leaders or organizations.
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Akhuwat Loan Application Process
To apply for an Akhuwat loan, applicants must follow these steps:
✅ Step 1: Visit the Nearest Akhuwat Branch – Gather information about available loans.
✅ Step 2: Submit Required Documents – Includes CNIC, proof of income, and guarantor details.
✅ Step 3: Financial Assessment & Interview – Loan officers evaluate the financial status of the applicant.
✅ Step 4: Approval & Disbursement – If eligible, the loan is disbursed in cash or cheque.
✅ Step 5: Repayment & Community Contribution – The borrower repays the loan as per the agreed schedule.
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Who Can Apply for an Akhuwat Loan?
✔️ Low-income individuals needing financial assistance.
✔️ Small business owners looking for capital to grow.
✔️ Farmers requiring funds for agricultural expenses.
✔️ Students seeking interest-free education loans.
✔️ Individuals facing medical emergencies.
✔️ Families in need of affordable housing support.
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Loan Repayment Process
🔹 Flexible Repayment Terms – Borrowers can repay monthly, bi-monthly, or quarterly.
🔹 No Hidden Fees – Unlike banks, Akhuwat does not charge any extra processing fees.
🔹 Community-Based Collection – Repayments are often made at local mosques or Akhuwat centers.
🔹 Encouragement of Financial Responsibility – Borrowers are expected to repay so that funds can be recycled for others in need.
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Success Stories: Impact of Akhuwat Loans
🎯 Case 1: Small Business Expansion
A struggling shop owner, Mr. Usman, took a PKR 100,000 loan and expanded his shop. Within a year, he doubled his income and successfully repaid his loan.
🎯 Case 2: Student Loan for Higher Education
A student named Ayesha received PKR 150,000 to complete her university education. She later secured a good job and repaid the loan in easy installments.
🎯 Case 3: Emergency Health Loan
An individual suffering from a medical emergency took PKR 50,000 for urgent treatment. The loan saved his life, and he repaid the amount within a year.
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How to Check Loan Eligibility?
🔹 Visit the nearest Akhuwat branch and consult with a loan officer.
🔹 Check the Akhuwat website or helpline for details.
🔹 Ensure you have valid CNIC, income proof, and two guarantors before applying.