Alternative Energy Loans

  • Most rural areas in Pakistan lack access to the national grid. Even in places where electricity is available, frequent interruptions and prolonged load shedding are common issues. However, Pakistan enjoys long hours of sunlight, making solar energy a viable alternative for households in rural and urban areas with unreliable electricity or none. By adopting solar energy, households can meet their energy needs, contributing to daily household chores and income-generating activities, thereby improving their overall well-being. Thardeep Microfinance Foundation (TMF) offers loans to rural and urban clients, enabling them to transition to solar energy for their electricity needs. TMF ensures safe, reliable, and affordable solar solutions from vendors approved by the World Bank and the Government of Pakistan. The product range includes:

    • Home-based Solar System
    • Running enterprise,
    • Extracting water for agriculture
    • For Safe Drinking Water

Loan Eligibility

  • Age between 18 and 65 years
  • Valid CNIC of borrower
  • Valid CNIC of Guarantor
  • Must be a permanent resident of the same place for the last two years
  • Social/Tangible Guarantee as per policy.

Lending Methodology

  • Individual/Group

Loan Amount:

  • Minimum Loan Amount: 30,000
  • Maximum Loan Amount: 250,000

Loan Duration

  • Maximum: 12 months

Repayment Frequency

  • Monthly

Insurance

  • Client Life covered as per loan amount

Collateral/Tangible Guarantee

  • Up to Loan amount of Rs. 50,000
  • Requirement of Guarantor
  • Non-Family Member
  • Bank cheques and statements as per loan policy and procedure
  • The guarantor must be a government employee or Market shopkeeper.