Refinance & Credit Guarantee Scheme for Women Entrepreneurs

Term finance facility exclusively offered to women entrepreneurs across the country to boost economic activities.

Financing is initially available to meet the working capital requirements of existing business and to set up a new business
Maximum financing tenure under the scheme is five years
Financing under the scheme is for women borrowers preferably under the personal guarantee of the borrower
Repayment of loans by borrowers shall be made in equal quarterly instalments after grace period (if any)
End-user rate is up to 5% p.a. with SBP’s refinance rate of 0% p.a.

Financing under the scheme is for setting-up of new business enterprises or for expansion of existing ones.
In case of new business:
- Feasibility based lending
- Equity participation: 50%

Attested copy of the CNIC(s) of proprietor/partner/director (as applicable)
One recent passport-size photograph of proprietor/partner/director (as applicable)
Copy of any latest paid utility bill received at the residential address
Copy of rent deed/lease deed, where property is rented
Undertaking that the customer is not the director, major shareholder holding 5% or more of the share capital of the Bank, its chief executive or an employee or any family member of above interested persons
Copy of net worth statement (if available)

Copy of any latest paid utility bill received at business address
Copy of rent deed/lease deed, where property is rented
Copy of current professional association/trade body membership (if available)
Company profile (history/future plan)
Project information/product list
Financial statements of last year at least and preferably for the last three years
Online tax verisys
National Tax Number certificate
Partnership deed, Copy of certificate of registration of partnership (only required for partnership concerns)
Partnership mandate
Memorandum & Articles of Association and Certificate of Incorporation (only required for limited companies)
Latest form 29 certified by SECP (only required for limited companies)
Latest form A ( (only required for limited companies if applicable)
Board resolution authorizing borrowing (only required for limited companies)
ISO Certification/(s)

Loan Application Form
e-CIB Report (individuals, proprietors, partners, directors)/CIB Report (company)
Visit report
Business and financial appraisal report by approved company
Age of business not less than 3 years (NTN confirming)
Overall debt-burden not exceeding 50% of the projected cash flows for the first year
Income estimation/salary slip (for individuals)
Audited financial statements (last 3 years) (for businesses)
If unaudited, then financial statements of last year at least and preferably for the last three years (for businesses)
Projected accounts for the next years for the financing tenor (for businesses)
Other bank’s statements of the business account(s), if available (not applicable for existing customers)
Latest facility letters and loan utilization figure from all banks (not applicable for existing customers)
Age of sponsor (individual/sole proprietor) not beyond 65 years at the maturity of loan
Business not in negative list

Bank’s approved standard facility documentation
Personal guarantee(s) of borrower(s)/sponsors/directors as per approved arrangement
Facility offer letter
Repayment schedule duly accepted by the borrower
Post-dated cheques for the period of repayment to be kept at branch
Insurance policies and original premium paid receipts
Letter of hypothecation
EPA Approval and NEQ Compliance (to be arranged from ESMS desk)
Demand Promissory Note RP-4 (on stamp paper)*
Undertaking RP-5 (stating that the funds shall be used for said purpose and any failure to make payments would result in automatic debit of mentioned account)*

For all collateral based lending, documents to be finalized by legal aid and shall be obtained as per pre & post mortgage legal opinion before disbursement

*These forms are required to claim refinance from SBP.

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