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Micro Agri Loan ( MAG )
Product Description: These loans are designed for small farmers who require agriculture inputs including seeds, fertilizers, pesticides, irrigation water, or rental of agriculture equipment and transportation services.
 
Credit Limit: PKR 20,000 to 40,000
Loaning Methodologies: Group Lending
Group Size: 3 to 5 Members
Eligibility Criteria:

- Holding valid CNIC
- Age between 18-60 years
- Not a defaulter of any financial institution
- Annual income (net of business expenses) less than Rs. 500,000

Detail of Charges: Loan Processing Fee: 3.25% of Loan Amount
Markup Rate : 22.67% Flat rate of loan amount per year
Other Services: Life Insurance: In case of death/perminant disability, outstanding loan amount would be settled.
Guarantee/Collateral: Mutual guarantee by group members
Repayment Schedule: 3-12 Months
Repayment Mode: Quarterly, Semi-annually and Annually
 
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Pak Oman Microfinance Bank Limited is a nationwide micro finance bank with a paid-up capital of Rs. 500 million. Sponsors are Govt.
Micro Agri Loan ( MAG )
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Product Description: These loans are designed for small farmers who require agriculture inputs including seeds, fertilizers, pesticides, irrigation water, or rental of agriculture equipment and transportation services.
 
Credit Limit: PKR 20,000 to 40,000
Loaning Methodologies: Group Lending
Group Size: 3 to 5 Members
Eligibility Criteria:

- Holding valid CNIC
- Age between 18-60 years
- Not a defaulter of any financial institution
- Annual income (net of business expenses) less than Rs. 500,000

Detail of Charges: Loan Processing Fee: 3.25% of Loan Amount
Markup Rate : 22.67% Flat rate of loan amount per year
Other Services: Life Insurance: In case of death/perminant disability, outstanding loan amount would be settled.
Guarantee/Collateral: Mutual guarantee by group members
Repayment Schedule: 3-12 Months
Repayment Mode: Quarterly, Semi-annually and Annually