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GULZAR-E-MADINAH

ISLAMIC MICROFINANCE

ISLAMIC MICROFINANCE

Gulzar-E-Madinah is creating opportunities to exploit the Islamic principles of interest-free credit (Qard-E-Hassana).

Gulzar-E-Madinah Islamic Micro financing Scheme dispense needy persons the power to create elbow rooms for themselves and others. Scaled-down entrepreneurs in many underdeveloped nations do not have access to simple banking facilities. For such respective Gulzar-E-Madinah provides a small interest-free loan that can help them to establish or grow their business and help them to achieve a stable livelihood.

Investing and enhancing their businesses allow these respective to increase their income, which makes easier to afford better housing and more nutritious food for them, pay for medical bills and education, while they still repaying the loan. These loans allow us to give families to get themselves back on their feet, which truly break the cycle of poverty

RS. 105M

EXPENDITURE

2,310

BENEFICIARIES (2019-2020)

50,000

LIBERATION LOANS UPTO

35,000

SMALL BUSINESS LOANS UPTO

11 M

LOAN PORTFOLIO 2021

96.5%

RECOVERY RATE

1,701

BENEFICIARIES 2021

22

CLUSTERS

LOAN PRODUCTS OFFERED

There are various products through which Gulzar e Madinah Welfare Trust Int’l provides interest free loans which are tailored to meet specific needs of the borrower. These products are outlined below:

Note: Loan under different products are offered according to availability of financial resources/funds.

Loan Products Percentage Description Product Features
Family Enterprise Loan 85 – 90

Family enterprise loans are offered by Gulzar e Madinah Welfare Trust Int’l for the establishment of a new business or the expansion of an existing one.

Gulzar e Madinah Welfare Trust Int’l would like to continue to place emphasis on provision of such loans.

Range: From Rs. 10,000 to Rs.50,000
Duration: 10 – 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount
Agriculture Loan 5 – 10

hese loans are given to small farmers including landless farmers/tenants according to an eligibility criterion for purchasing agriculture inputs and meeting ancillary expenses.

Education Level: Post Matriculation up to Masters
Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of
loan amount
Liberation Loan 2 – 1

These loans are given to the persons who have taken loans from the exploitative money lenders to save them from undue interest rates. Gulzar e Madinah Welfare Trust Int’l will pay off the balance amount to the money lenders in one go and in return borrower will pay back the principal amount to Gulzar e Madinah Welfare Trust Int’l in easy installments.

Range: From Rs. 10,000 to Rs.100,000
Duration: 10-36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of
loan amount
Housing Loan 2 – 1

Purpose of the housing loan is to provide financing facility for renovation of houses, construction of rooms, roofs,walls, etc.

Purpose of the housing loan is to provide financing facility for renovation of houses, construction of rooms, roofs,walls, etc.

Range: From Rs. 30,000 to Rs.100,000
Duration: Up to 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund: Optional 1% of loan amount
Education Loan 2 – 1

The objective of education loan is to extend interest free loans to highly deserving students who have exhibited excellent academic results, belong to low income background and his/her parents are unable to bear the education expenses. Parents or student will pay back the principal amount to Gulzar e Madinah Welfare Trust Int’l in easy installments.

Education Level: Post Matriculation up to Masters
Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount
Health Loan 2 – 1

Health loan is given to those poor people suffering from serious illnesses and ailments and do not have contingency savings.

Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount
Emergency Loan 2 – 1

This product is for those poor families who face unfortunate events and emergencies e.g. sudden losses in business or meeting any other immediate contingency etc.

Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs, 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount
Equip & build the School 2 – 1

This product is targeted to existing low income private schools. In order to equip these schools with basic amenities, Qard-e-Hasan is provided for the following: Furniture and Fixtures Provision for construction Provision of clean drinking water Provision of toilets Provision of renovations of school premises etc.

Range: From Rs. 25,000 to Rs150,000
Duration: Up to 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1%

Loan Products:

Family Enterprise Loan

Percentage:

85 – 90

Description:

Family enterprise loans are offered by Gulzar e Madinah Welfare Trust Int’l for the establishment of a new business or the expansion of an existing one.

Gulzar e Madinah Welfare Trust Int’l would like to continue to place emphasis on provision of such loans.

Product Features:

Range: From Rs. 10,000 to Rs.50,000
Duration: 10 – 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount

Loan Products:

Agriculture Loan

Percentage:

5 – 10

Description:

These loans are given to small farmers including landless farmers/tenants according to an eligibility criterion for purchasing agriculture inputs and meeting ancillary expenses.

Product Features:

Education Level: Post Matriculation up to Masters
Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of
loan amount

Loan Products:

Liberation Loan

Percentage:

2 – 1

Description:

These loans are given to the persons who have taken loans from the exploitative money lenders to save them from undue interest rates. Gulzar e Madinah Welfare Trust Int’l will pay off the balance amount to the money lenders in one go and in return borrower will pay back the principal amount to Gulzar e Madinah Welfare Trust Int’l in easy installments.

Product Features:

Range: From Rs. 10,000 to Rs.100,000
Duration: 10-36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of
loan amount

Loan Products:

Housing Loan

Percentage:

2 – 1

Description:

Purpose of the housing loan is to provide financing facility for renovation of houses, construction of rooms, roofs,walls, etc.

Purpose of the housing loan is to provide financing facility for renovation of houses, construction of rooms, roofs,walls, etc.

Product Features:

Range: From Rs. 30,000 to Rs.100,000
Duration: Up to 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund: Optional 1% of loan amount

Loan Products:

Education Loan

Percentage:

2 – 1

Description:

The objective of education loan is to extend interest free loans to highly deserving students who have exhibited excellent academic results, belong to low income background and his/her parents are unable to bear the education expenses. Parents or student will pay back the principal amount to Gulzar e Madinah Welfare Trust Int’l in easy installments.

Product Features:

Education Level: Post Matriculation up to Masters
Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount

loan Products:

Health Loan

Percentage:

2 – 1

Description:

Health loan is given to those poor people suffering from serious illnesses and ailments and do not have contingency savings.

Product Features:

Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount

loan Products:

Emergency Loan

Percentage:

2 – 1

Description:

This product is for those poor families who face unfortunate events and emergencies e.g. sudden losses in business or meeting any other immediate contingency etc.

Product Features:

Range: From Rs. 10,000 to Rs. 50,000
Duration: 10 – 24 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs, 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1% of loan amount

loan Products:

Equip & build the School

Percentage:

2 – 1

Description:

This product is targeted to existing low income private schools. In order to equip these schools with basic amenities, Qard-e-Hasan is provided for the following: Furniture and Fixtures Provision for construction Provision of clean drinking water Provision of toilets Provision of renovations of school premises etc.

Product Features:

Range: From Rs. 25,000 to Rs150,000
Duration: Up to 36 months
Profit Rate: 0%
Interest Rate: None
Initial Application fee: Up to Rs. 200
Post Approval Application fee: None
Mutual Support Fund Contribution: Optional 1%

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