Interest Free Loan
LOAN PROCESS OF AAS WELFARE TRUST
Awareness and Process initiation
Social & ethical screeningÂ
and
Business requirement Screening
To verify social & business appraisal
To ensure guarantee of loans
To approve loan
Delivery of loan & social Guidance
Ensuring recovery and social guidance.
Monitoring
STEP BY STEP LOAN PROCESS
Lending Methodology
AAS lending policy involves disbursement of interest free or Qard-e-Hasan loans
through Individual Lending and Group Lending.
Eligibility Criteria for Loans
Check Eligibility Criteria for Loans
APPLY FOR LOAN
Fill Out the Application Form For Loan Approval.
Summary of Loan process:
Following table provides brief summary of loan process and steps with precise objectives and their place of occurrence.
| STEPS | OBJECTIVE | LOCATION |
|---|---|---|
|
Programme Introduction |
Awareness |
Branch/Mosque |
|
Application submission |
Process initiation |
Office / Mosques |
|
Social Appraisal |
Social & ethical screening |
Place of residence |
|
Business Appraisal |
Business requirement Screening |
Business place |
|
Second appraisal |
To verify social & business appraisal |
Residence & business place |
|
Guarantors of loans |
To ensure guarantee of loans |
Mosque |
|
Loan Approval committee (LAC) |
To approve loan |
Mosque/Branch |
|
Loan Disbursement |
Delivery of loan & social Guidance |
Mosque / Church |
|
Recovery Deposit |
Ensuring recovery and social guidance |
Branch |
|
Monitoring |
Monitoring |
Business place |