Financing Scheme for “Women Empowerment In Garment’s Sector”

In order to empower women of the underdeveloped areas in the country by providing employment opportunities, ZTBL will extend its loaning facilities to such areas of the country where women are already working in the progression of garment’s sector e.g., Hand embroidered Phulkari Chadars in Multan & Bahawalpur and embroidered ladies suits in Hyderabad. Bank will try to provide linkages for marketing through some NGO etc. or by providing some outlet for their produce.

Hence, to start support services in this sector, raw material such as fabric, thread and other materials could be provided to the specific community by making small groups of women in that area or alternatively they may be provided a proper working place to make products in a uniform manner.

Terms & Conditions

Operational Jurisdiction

The scheme would be run as Pilot project in all ZTBL branches of following zones (i.e. Multan, Bahawalpur, Hyderabad, Quetta & Gilgit-Baltistan).

Eligibility Criteria

i)      All credit worthy women of above areas are eligible to get financing under the scheme. However, preference will be given to those who already have experience in garment’s sector. Loan will be disbursed to a group of 3-4 woman workers in the form of a group partnership.

ii)    Clear e-CIB Report from SBP

iii)   Obligor’s Risk Rating (ORR) upto 4

Items for Financing

Term Finance

i) Stitching Machine
ii) Fabric (White & coloured)
iii) Materials(Threads, mirrors/embellishments, frame for embroidery, Sewing Needles with Sewing Box)
iv) Packing material for garments

Operational Charges
 i) Transportation charges to market

Documents Required

CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs

Maximum Loan Limit

Upto Rs. 1.500 million per borrower/party.

Borrower’s Contribution

Borrower’s Contribution
10% of project cost or the amount over and above the Bank’s maximum per borrower/party exposure of upto Rs. 1.500 million will be invested by that borrower towards the project as equity.

Collateral
  • Agri. land in shape of Pass Book/Fard Jamabandi in the name of women borrowers or in case of its unavailability, parent’s/family member’s security can be accepted as a co-applicant.
  • Social security in the form of Personal Guarantee of 3-4 borrowers.
Cost of Credit

As per Bank’s Rules.

Rate of Mark Up

The prevailing rate of mark up on development loans based on low-cost financing is applicable.

Sanction of Loan

Loan under the scheme upto a maximum limit of Rs. 1.500 million would be sanctioned by CLSD, ZTBL Head Office, Islamabad with maximum Turn Around Time of 3 days.

Repayment Schedule

Loan will be recovered within five years in half yearly installments with grace period of six months.

Monitoring

Close monitoring would be carried out by the respective Bank authorities.



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