Rozgar Micro Finance Bank- Financial Loan

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Introduction of Bank

Rozgar MicroFinance Bank provides loans on small level to the males and females who permanently reside in Karachi. This Bank was established in 2004. The purpose of this bank is to give financial protection to those men & women who do their own businesses but due to financial hardship, they could not develop their own businesses. The bank helps them to expand their businesses and to increase their income as well.

The Main Features of Loan

	The loans are granted on individual or group basis. The group consists of minimum 3 and up to 5 persons and must not be blood relatives. They have mutual co guarantor to each other and live in the same locality.
	The loan amount is fixed after assessment of the income of the current business. This procedure has been adopted for easement to avoid extra burden upon him and he repays the loan amount easily.
	The loan period shall be 3 to 36 months
	Markup 18 % p.a. (flat)

Important Conditions of Loan

	One should have valid CNIC.
	His/her age should be between 28 to 58 years.
	He/she is running the business in the last two years at the same fixed location.
	He should have the relative skill /capability and having 2 years experience.
	He should not be jobless in more than six months at the time of applying for the loan.
	His current annually income should not be more than Rs. 150,000/-
	He should live with your family in your locality.
	If he have taken loan from Government / Semi Government or Financial Institution, its value and that loan he wants to take from bank should not exceed Rs. 150,000/-.
	If residential place is far from work place then his distance should not be located more than 10 kilometers.

The Rozgar MicroFinance Bank also provides the following financial services to the businesses/professions:-

The loan for Purchasing the Articles

The loans are granted for the purchase of articles such as sewing machines, deep freezers, parts of machines, motors, and tools purchasing. The Rozgar Bank helps to purchase the requisite item on lower cost, which extra fund can utilize for further increasing the income.

Daily Business Capital

This loan provides for purchasing raw material for the running business and other necessities by which anybody can increase the production.

Benefits to Take Loan from Rozgar

	The loan provides without pledging the assets.
	The strong system of Rozgar Bank provides services at the door step.
	Very low profit percentage.
	Prompt loan processing.
	On better re-payment of loan amount, increases the loan amount.
	Positive and quick processing of repeat loan on better re- payment of loan amount.

For Information and Complaint

Any information regarding our financial services, please contact our Credit Officer or Service Center at your locality and for lodging any complaint, contact Head Office of the bank at the address mentioned below:

ROZGAR MICROFINANCE BANK LIMITED

BUSINESS EXECUTIVE CENTRE,
F-17 / BLOCK – 8 CLIFTON, KARACHI.
TEL # 5865119, 5865223, 5865431.
Fax # 5865145.

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