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Microfinance Loan Products Details

 

Microfinance Loan Products Details

Investment Purpose:

Expansion of existing business scope and increasing of business inventories which includes working capital, stock (raw material, finished product) and transportation expenses/even equipment, improvement of shop/workshop in case the self-financing capacity (net income + depreciations) is enough for the repayment of the loan.

Find out if you are eligible:

  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should have an active business
  • Should be able to provide required securities + guarantors

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor 6-24 months
  • Competitive interest rate on declining method (Interest to be calculated based on outstanding balance)
  • Equal Monthly Installment (EMI)
  • Grace Period up to 3 months for fixed assets
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af

Helpdesk: 599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Investment Purpose:

Expansion of existing business scope and increasing of business inventories which includes working capital, stock (raw material, finished product), transportation expenses/even equipment, improvement of shop/workshop in case the self-financing capacity (net income + depreciations) is enough for the repayment of the loan.

Find out if you are eligible:

  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should have an active business
  • Should be able to provide required securities + guarantors

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor 6-24 months
  • Competitive interest rate on declining method (Interest to be calculated based on outstanding balance)
  • Equal Monthly Installment (EMI)
  • Grace Period up to 3 months
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk: 599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

The purpose of loan is to finance housing improvement related activities such as, repairs, upgrades or connection to basic services to an existing home that the borrowers already owns or inhabits and which is his/her primary residence.

Find out if you are Eligible:

  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should be able to provide required securities + guarantors
  • Positive loan history with FMFB if any
  • Small business owner/salaried employee

Terms and Condition:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor from 6 – 36 Months
  • Grace Period from 1 – 3 months
  • Equal Monthly Installment (EMI)
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk: 599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Investment Purpose:

Expansion of existing business scope, which includes, purchasing of fertilizer/ Buying seeds/ Renting tractor/treasure/ Constructing/setting irrigation system -initiation or expansion of farming activities.

Find out if you are Eligible:

  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should have an active business
  • Should be able to provide required securities + guarantors

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor 6-24 months
  • Equal Monthly Installment (EMI) and Seasonal Repayment option
  • Grace Period up to 10 months (only markup is being paid during the grace period)
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk: 599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Investment Purpose:

Expansion of existing Agri- business scope, which includes, purchasing of fertilizer/ Buying seeds/ Renting tractor/treasure/ Constructing/setting irrigation system -initiation or expansion of farming activities. The interest for this product is quite aggressive.

Find out if you are eligible:

  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should have an active Agri business
  • Should be able to provide required securities + guarantors

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor 6-24 months
  • Equal Monthly Installment (EMI) and Seasonal Repayment option
  • Grace Period up to 10 months (only markup is being paid during the grace period)
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk: 599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Purpose:

Any legal consumption activities which leads to improving of client quality of life

Find out if you are eligible:

  • You must be employed with at least 1 year of employment history
  • Afghan National hold valid Tazkira
  • Lives within FMFB-A’s operational scope or coverage
  • Age between 18-65
  • Should be able to provide required securities + guarantors
  • Positive loan history with FMFB if any

Payroll Employees

  • For the institutions who maintain a payroll account with FMFB

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor from 6-36 Months
  • Original title deed of property and 1 guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Loan Required Securities: Original title deed of property and one personal guarantor with a stable income source -OR- Two personal guarantors with a stable income source
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

 

Loan Purpose:

FMFB-A finances Quality of Life loans covering an emergency expense such as financing of marriage related expenses, purchasing of vehicles, paying of education expenses, treatment of the patients and financing of home appliance. The quality of life loans consists of five products outlined as follow.

Loan Utilization Purpose:

Provide financing to individuals planning to purchase a new/Second-Hand Motorcycle, Sedans, Pickup Trucks, SUV’s and Vans.

Find out if you are eligible:

  • Applicants must be Afghan citizens
  • Satisfactory cash flow and credit requirement as per existing credit policy of the bank
  • Must be employed full-time for a period of 1 year (if salaried)
  • Must be running a business for at least 1 year (If self-employed)

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor of up to 36 months
  • Original title deed of property and 1 guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

To provide financing to students enrolled in a Diploma/Bachelor/Master Programs within Afghanistan.

Find out if you are eligible: Parent/Guardian:

  • Must be employed full-time for a period of 1 year (if salaried)
  • Must be running business for at least 1 year (if self-employed)

Student:

  • Applicants must be Afghan citizens
  • Applicants must have secured admission in one of the eligible courses in Afghanistan
  • Applicants age must be between 18-45 years

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor of up to 36 months
  • Original title deed of property and 1 guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

To provide finance for individual or his/her financial sponsor (immediate family members) for marriage-related expenses such as pre-wedding costs (engagement ceremony, purchase of jewelry & gifts) and wedding costs (wedding invitation costs, rental of banquet halls, purchase of outfits, catering charges, makeup artist charges)

Find out if you are eligible:

  • Applicants must be between 18-65 years of age
  • Satisfactory cash flow and credit requirements as per credit policy of the bank
  • Must be employed full-time for a period of 1 year (if salaried)
  • Must be running a business for at least 1 year (if self-employed)

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor of up to 36 months
  • Original title deed of property and 1 guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

Documents Required:

  • Identity Proof (Tazkira) of the applicant and guarantor/s
  • Original house/land title deed (if applicable)
  • Bank Statement of last 6 months + Employment Proof (if salaried)
  • Proof of business address (if self-employed) by providing an electricity bill

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

To provide finance for purchase of a wide variety of consumer durable goods such as washing machine, air conditioner, refrigerator, laptop and etc.

Find out if you are eligible:

Salaried:

  • Applicants must be between 18-65 years of age
  • Applicants must be Afghan citizens
  • Applicant must live in branch operation overage
  • Satisfactory cash flow and credit requirements as per credit policy of the bank
  • Must be employed full-time for a period of 1 year

Self-Employed:

  • Applicants must be between 18-65 years of age
  • Applicants must be Afghan citizens
  • Satisfactory cash flow and credit requirements as per credit policy of the bank
  • Must be running a business for at least 1 year

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor from 6-24 months
  • Loan Required Securities: Two guarantors for loan amounts up to USD2,000/AFN100,000 and one guarantor + original title deed for loan amounts over USD2,000/AFN100,000
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

To provide finance to patients/customers immediate family member for their medical emergencies, hospitalization bills, medicine costs, surgeries, and non-surgical procedures but not terminal illnesses and unnecessary aesthetic treatments

Find out if you are eligible:

Salaried:

  • All applicants must be between 18-65 years of age
  • Applicants must be Afghan citizens
  • Satisfactory cash flow and credit requirements as per credit policy of the bank
  • Must be employed full-time for a period of 1 year

Self-Employed:

  • All applicants must be between 18-65 years of age
  • Applicants must be Afghan citizens
  • Satisfactory cash flow and credit
  • Requirements as per credit policy of the bank
  • Must be running a business for at least 1 year

Terms and Conditions:

  • Loan Ticket commencing from AFN 15,000 – 500,000 or equivalent to USD
  • Loan Tenor from 6-24 months
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

Improve access to clean and reliable electricity sources for households

Find out if you are eligible:

Salaried:

  • Applicants must be Afghan citizens
  • Satisfactory cash flow
  • Meet credit requirements as per existing credit policy of the bank

Terms and Conditions:

  • Loan Ticket commencing from AFN 80,000 – 500,000 or equivalent to USD
  • Loan Tenor from 6-36 months
  • Up to 10 months grace period if business generate seasonal income
  • Original title deed of property and one guarantor (no title deed for amount less than AFN 100,000 or equivalent in USD. However, two guarantors are must)
  • Less than a week of turnaround time or processing if the required documents are provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).

Loan Utilization Purpose:

Improve access to clean and reliable electricity sources for Small and Medium Enterprise (SME)

Find out if you are eligible:

Salaried:

  • Applicants must be Afghan citizens
  • Satisfactory cash flow
  • Meet credit requirements as per existing credit policy of the bank

Terms and Conditions:

  • Loan Ticket commencing from AFN 500,001 to AFN 15 Million or equivalent to USD
  • Loan Tenor from 18-36 months
  • Up to 6 months grace period if business generate seasonal income
  • Original title deed of property and one
  • Between 10 to 20 days if all supporting and required documents provided

For Further, information and inquiries please visit your nearest branch or contact us through:
Email: customerservices@fmfb.com.af
Helpdesk:  599 (Saturday to Thursdays from 8:00 AM to 8:00 PM).