AL Habib Woman
Refinance Scheme for Women Entrepreneurs

Expand your horizon and grow as an empowered entrepreneur.

Refinance Scheme provides you with an opportunity to follow your dreams and become financially independent by having your own start-up and making the best use of your skills and expertise.

The objective of this scheme is to provide economic empowerment to women and offer easy access to financing facilities.

SBP introduces this refinance scheme to support the funding requirement of women-owned businesses looking to start businesses or expand existing ones at a markup rate as low as 5%.

Key

Product Features

Category: Financing shall be available to women entrepreneurs across the country and only women-owned SMEs are eligible under the scheme. Financing under the scheme is provided for setting up a new business enterprise or for the expansion of existing ones.
Installment: Repayment of loans by borrowers shall be made in equal quarterly installments after grace period (if any)
Financing tenure: For a period of upto 5 years, including maximum grace period of upto six months.
Rate of Mark-up: 5% per annum.
Financing amount: Maximum Financing limit up to Rs 5,000,000/-.
Partial payment: Allowable without any charge.
Full payment/Early Settlement: Allowable without any charges.
Security: Fixed Assets/Hypothecation/As per Bank’s credit Policy

Eligibility Criteria

Pakistani Nationals
Borrower must meet the Bank’s as well as the applicable regulator’s policies
Government employees are not eligible to avail financing under the aforesaid schemes. The employees of private organizations including Financial Institutions may avail financing under the said schemes subject to producing of NOC from their employer. Further, the employees of a PFI are not eligible to avail financing from their employer bank/DFI, however, they may avail financing from other banks/DFIs.

Documents Required

Customer Request Letter
Valid Computerized National Identity Card.
Three recent photographs (passport size).
Undertaking of Existing Liabilities.
Detailed Feasibility Report in case of new business
Acceptable Business Proof (e.g. Tax Returns, NTN, Certificate / Bank Certificate).
Last 1 Year Bank Statement.
Information of Two references and copies of their CNIC.
Feasibility report/Finalized proposal from client selected vendor for the proposed machinery.

*Bank may ask additional document, if necessary.

Frequently Asked Questions

Eligible recipients must meet the following eligibility criteria:

Pakistani Resident

Women-owned and/or women-led business.
A small to medium enterprise (SME)
Non-profit organizations are not eligible to apply for the Women Entrepreneurship scheme?
Government employees are not eligible to avail financing under the aforesaid schemes. The employees of private organizations including Financial Institutions may avail financing under the said schemes subject to producing of NOC from their employer. Further, the employees of a PFI are not eligible to avail financing from their employer bank/DFI, however, they may avail financing from other banks/DFIs.
Financing under the scheme is provided for setting up of new business enterprises or for the expansion of existing ones.
Financing shall be available to women entrepreneurs across the country for a period of upto 5 years, including a maximum grace period of up to six months.
The maximum financing limit under the scheme will be Rupees Five million (Rs. 5M).
Rate of mark-up under the facility will be 5% per annum (p.a.).
Repayment of loans by borrowers shall be made in equal quarterly installments after grace period (if any)
Early settlement can be made without any charge