Akhuwat Foundation provides interest-free loans to eligible applicants under its microfinance program. All applicants are requested to read the following terms and conditions before applying:
1. Eligibility
Applicant must be a Pakistani citizen with a valid CNIC.
Age should generally be between 18 to 62 years at the time of application.
Applicant should have a clear purpose for the loan (e.g., business setup, education, health, housing, or marriage expenses).
Preference is given to individuals from low-income backgrounds.
2. Application Process
Application forms can be obtained from any Akhuwat branch or official partner organization.
All details provided in the form must be accurate and verifiable.
Submission of supporting documents such as CNIC copy, address proof, and any additional requirement by the foundation.
3. Loan Approval
Loan approval is subject to review and verification by Akhuwat representatives.
Approval time may vary depending on case evaluation and fund availability.
Meeting eligibility criteria does not guarantee loan approval.
4. Loan Amount & Disbursement
Loan amounts vary based on need, purpose, and repayment capacity.
Funds are disbursed through an official bank account or in person at Akhuwat branches.
All transactions are documented and recorded.
5. Repayment Terms
Loans are interest-free (Qarz-e-Hasna) and repayment schedules are mutually agreed upon.
Timely repayments ensure eligibility for future loan applications.
Failure to repay may result in being ineligible for future loans.
6. No Hidden Charges
Akhuwat does not charge any interest, service fee, or hidden charges for loan processing.
7. Community Support Requirement
Borrowers are encouraged to support other applicants in the future by contributing to the Akhuwat fund once their financial condition improves.
8. Disclaimer
Akhuwat Foundation reserves the right to reject any application without providing a reason.
All information must be verified through official Akhuwat sources only.
Applicants should avoid dealing with unauthorized agents or individuals claiming to represent Akhuwat.