Banks and Microfinance institutions loan schemes for private schools Table of Contents Bank-e-Millie Afghan (BMA) Loan schems .................................................................................................... 2 The First Microfinance Finance Bank (FMFB) Loan Schems ......................................................................... 3 Ghazanfar Bank Loan Schemes ..................................................................................................................... 5 Mutahid Microfinance Institute Loan Schems .............................................................................................. 6 Aziz Bank Loan Schems ................................................................................................................................. 7 Aziz bank Islamic loans .................................................................................................................................. 8 Islamic Bank Loan Schemes .......................................................................................................................... 9 AIB Bank Loan Schems ................................................................................................................................ 10 Oxus microfinance institute Loan Schems .................................................................................................. 11 Branches of all Banks .................................................................................................................................. 14 1 Bank-e-Millie Afghan (BMA) Loan schems BMA is operating in 24 provinces and has different loan schemes. BMA provide Islamic loan for purchasing land with seven to nine percent benefit. BMA will ask the school owner to negotiate with land owner and when the agreed, BMA will transfer the money to land owner and will add seven to nine percent benefit to it. BMA will keep the land documents until all loan installment settlement. BMA is also providing loan for construction. The school owner will buy the constriction materials and BMA will transfer money to the supplier and will charge Seven to nine percent benefit. School owner will give house documents (Qabala) as collateral to Bank; The small loan of BMA is up to 50,000 USD and the school owner can use this money for Solar system, lab, library, furniture, school bus and ets. The procedure is the same, after BMA agreement the school owner will purchase equipment’s from market and BMA will transfer money to the supplier and will charge seven to nine percent benefit on it; and The duration of all loans is from one year to five years and they are working to extend this duration to 10 years. BMA loan scheme for private schools: Criteria Private School Loan Private School Loan Private School loan (Micro) (Small) (Medium) Currency Afghani Afghani Afghani Minimum Amount 50,000 Afghani 500,000 Afghani 1500,000 Afghani Maximum Amount 500,000 Afghani 1500,000 Afgani 15,000,000 Afghani Minimum duration Six months 6 months Six months Maximum duration Three years 5 Years 5 years Installments Monthly Monthly Monthly Annual Interest 7 to 9% 7 to 9% 7 to 9% Rate/Benfit Discount benefit rate For women 0.5% For women 0.5% For women 0.5% for Women profit rate will be less profit rate will be less profit rate will be less than above benefit than above benefit than above benefit rate rate rate Guarantees Two corporate Two corporate Two corporate guarantee schools or guarantee schools or guarantee schools or two government two government two government employee or one gov employee or one gov employee or one gov 2 Criteria Private School Loan Private School Loan Private School loan (Micro) (Small) (Medium) employee and one employee and one employee and one school guarantee school guarantee school guarantee Collateral Property Property deed(Sharaee Qabala) deed(Sharaee Qabala) as register mortgage (Bai Jaezee) Max. Grace Period 3 months 3 months 3 months per annum (months) Possible purpose / School asset Purchase School asset Purchase School asset project and construction and construction Purchase, land and materials materials construction materials Eligibility Both new and old Both new and old Both new and old school ( at lease with school ( at lease with school ( at lease with one year operation) one year operation) one year operation) Branches 24 provinces, please refer to annex # 1 for the list of branches Contact number +93(0) 776662250 Website www.bma.com.af The First Microfinance Finance Bank (FMFB) Loan Schems FMFB is operating in 14 provinces and below is the different loan schemes of FMFB Criteria Private School Loan Private School Loan Private School loan (Micro) (Small) (Medium) Currency Afghani Afghani Afghani Minimum Amount 50,000 Afghani 500,000 Afghani 1500,000 Afghani Maximum Amount 500,000 Afghani 1500,000 Afgani 17,000,000 Afghani Minimum duration Six months 6 months Six months Maximum duration Two years 5 Years 5 years Installments Monthly Monthly Monthly 3 Criteria Private School Loan Private School Loan Private School loan (Micro) (Small) (Medium) Annual Interest 15% 14% 13% Rate/Benfit Guarantees Two financial Two financial Two financial guarantors are guarantors are guarantors are required required required Collateral Collateral is not Property Property required deed(Qabala) deed(Qabala) Possible purpose / School asset Purchase School asset Purchase School asset project and construction Purchase, land, construction materials and etc Eligibility Both new and old Both new and old Both new and old school school school Branches Please refer to annex #1 for the list of branches Contact +93 (0) 790 555 337 - +93 (0) 730994009 Website www.fmfb.com.af FMFB is operating in 14 provinces and please find below map for the location for FMFB branches. 4 Ghazanfar Bank Loan Schemes Ghazanfar bank has branches in eight provinces Kabul, Kandahar, Herat, Jalalabad, Kunduz, Mazar, Pul e Khomri and Takhar and below is the loan schemes of this bank. Different loan of Ghazanfar Bank Name of loan Arzan Loan Women Loan Murabeha (Islamic Loan) scheme Loan Loan in cash for any Loan in cash for Purchase land, building, Description business women equipment and etc for any entrepreneurs business Amount 350000- 15 million Afs 100000-2 million 500000-3 million Afs Afs Duration 3 years 5 years 1-3 years Instalments Monthly or Quarterly Monthly or Monthly, Quarterly or Semi- Quarterly annually Interest Rate 7% annually 5% annually 8%-10% annually based on agreement with borrowers. Collateral Only Sharia Qibala Sharai, Orfi or Only Sharia Qibala two eligible organizations 5 should guarantee it. Branches Please refer to annex # for the list of branches Contact + 93 (0) 798 786 786 Website www.ghazanfarbank.com Mutahid Microfinance Institute Loan Schems Mutahid is operating in 6 provinces (Kabul, Herat, Balkh, Takhar, Badakhshan, Quzduz) Below is the existing loan scheme of Mutahid Criteria Individual loan Group loan SME loan Currency Afghani Afghani Afghani Minimum Amount 50,000 Afghani 10,000 Afghani 1500,000 Afghani Maximum Amount 500,000 Afghani 1,50,000 Afgani 17,000,000 Afghani Minimum duration 12 months 12 months Six months Maximum duration Two years Two years 5 years Installments Monthly Monthly Monthly Annual Interest 1.3 to 1.8% on 1.3 to 1.8% on 1.3 to 1.8% on Rate/Benfit monthly basis monthly basis monthly basis Guarantees Financial guarantor is Financial guarantor is Financial guarantor is required required required Collateral Equivalent collateral Equivalent collateral Equivalent collateral Possible purpose / School asset Purchase School asset Purchase School asset Purchase project 6 Eligibility Both new ( with one Both new ( with one Both new ( with one year operation) and year operation) and year operation) and old school old school old school Contact + 93 (0) 729 999 001, + 93 (0) 707 204 589 Website www.mutahid.org.af Aziz Bank Loan Schems Azizi bank had different loan schemes and operating in 31 provinces. Below is the different loan schemes of Azizi bank. Criteria Overdraft Term loan Public loan (For (commercial loan) (commercial loan) small and medium businesses) Currency US Dollar US Dollar US Dollar+D3:D14 Minimum Amount 100,000.00 100,000.00 10,000.00 Maximum Amount 500,000.00 and above 500,000.00 and above 100,000.00 it based on conditions it based on conditions Minimum duration 1 year 1 year 1 year Maximum duration 1 year but renewable 3 Years but in some 2 Year on yearly basis. cases up to five years Installments No monthly installment Monthly Monthly only interest paid at the end of every month and loan paid at the end of the year Annual Interest 15% per annume 15% per annume 12 % per annume Rate/Benfit interest plus 1% interest plus 1% interest plus 1% processing fee p.a. processing fee p.a. processing fee p.a. Guarantees personnal Guarantees personnal Guarantees personnal Guarantees (President and Vice (President and Vice (President and Vice president) and Third president) and Third president) and Third party guarantee. party guarantee. party guarantee. Collateral Deed (House, Business, Deed (House, Business, Deed (House, Business, land, commercial land, commercial land, commercial building etc) + Third building etc) + Third building etc) + Third Party Guarantee Party Guarantee Party Guarantee Max. Grace Period 1 year 2 up to 3 years. 1 year up to 2 year. per annum (months) 7 Criteria Overdraft Term loan Public loan (For (commercial loan) (commercial loan) small and medium businesses) Possible purpose / Availible Availible Availible project projects(contracts)