First Kissan Sarmaya provides short-term financial facilities to small subsistence farmers, growing crops, gardens, nurseries and vegetables on their own land or in leased or shared systems. The product focuses on providing a financial facility to match the farmer’s cash flow patterns, that is, providing cash at the time of planting the crops and repayment of the loan after the sale of agricultural production. Financing is available for the purchase of agricultural inputs and small farm implements / machinery.
First Kissan Sarmaya Eligibility Criteria
a) Annual income (net of business expenses) not to exceed PKR 1,200,000
b) Valid CNIC
c) Age between 18 and 65 years
d) Agricultural experience of at least one year for individual loans (for clients who have credit history) and group loans, and two years for individual loans (for clients who have no credit history)
First Kissan Sarmaya Type of Credit
· Short and Medium Term Finance
First Kissan Sarmaya Purpose of Credit
Ø Purchase of agriculture inputs e.g. seeds, fertilizers, pesticides, etc.
Ø Payment of other farming expenses e.g. tube-well expenses, tractor rent, harvesting expenses, thrasher machine rent expenses, harvesting/sowing, labor cost, etc.
Ø Purchase of agri implements and small machinery
First Kissan Sarmaya Loan Amount
Ø Minimum: PKR 20,000
Ø Maximum: PKR 350,000
First Kissan Sarmaya Loan Tenor & Repayment
Ø Bullet Repayment: up to 18 months
Ø Equal Installments: up to 36 months
First Kissan Sarmaya Required Documents
a) Group Guarantee
b) Personal Guarantee
c) 3rd Party Personal Guarantee
d) Lien on National Saving Certificates/Deposit Account
How to Apply For The First Microfinancebank Ltd loan Programs
Ø Click to explore the bank branches. Visit the nearest bank to apply for your favorite loan program: https://www.fmfb.pk/contact-us/branch-locator/
The First Microfinancebank Ltd Contact Information
Ø 16th/ 17th Floors, Habib Bank Tower, Blue Area, Islamabad.
Ø Toll Free: 0800-FIRST (34778)
Ø Fax: (+92-51) 2821817
Ø Email: email@example.comAttachments area