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Consumption Loan

Consumption Loan

What is a Consumption Loan?

Consumption Loan is a loan in which DEEP fulfills the basic need ‘food’ to deprived community. Under this DEEP provides two type of loan: Smart Rashan and Marriage Loan. Both the products are sustainable products of DEEP. Detail is as under:

DEEP Smart Rashan

Smart Rashan is a thriving, welcoming service where healthy and timely meals build health, skills and community. Smart Rashan is a DEEP Foundation unique service that provides monthly (Grocery) items to the low-income families who are deprived of healthy and timely groceries for their families. DEEP’s provides Smart Rashan service to community to be repaid in easy monthly installments. These days the prices of basic needs such as home kitchen are very hard to meet. Peoples want to take Rashan on credit basis but shopkeepers do not provide credit facility to every customer. Most of our community income source is daily wages and salaries, because not everyone is doing business. Due to the limited resources of income, most people are taking Rashan on a daily basis. In this difficult time DEEP Foundation introduced a very special and unique service for its members, in which member’s kitchen responsibility will be the responsibility of the organization; organization will provide monthly Rashan in the form of credit and recover in easy installments. The DEEP’s profit margin is the spread between the wholesale and retail prices.

Product Features for Consumption Loan

Smart Rashan

Heads Product Features
Product Name Smart Rashan
Package 1 Up to 2500
Package 2 Up to 3000
Package 3 Up to 3500
Period One month
Frequency of Payment Monthly
Profit Margin Difference of wholesale and retail prices
Processing fee PKR: 100 (Non refundable)
Collateral Social Collateral

Smart Feast

Parents have the primary responsibility of Children marriage and it is also Our Prophet (PBUH) sunnah. The marriage remains a huge responsibility for parents in the Pakistani society and many poor families confronts with the difficulty of arranging necessary funds for marriage ceremonies. DEEP Foundation introduced another very special & unique service for its members “DEEP Smart Feast” to support its members in fulfilling their primary responsibility of their children’s marriage. Smart Feast is a very special feature of the organization; in which member would borrow higher quality Rashan up to a certain limit. The loan amount on this package is higher than the Smart Rashan. Member can avail this facility for marriage or any other feast.

Smart Feast

Heads Product Features
Product Name DEEP Smart Feast
Package Size Up to 25,000
Period One month
Frequency of Payment Bi-Monthly
Profit Margin Difference of wholesale and retail prices
Processing fee PKR: 1000 (Non refundable)
Collateral Social Collateral

Consumption Loan Operational Information

Following are the operational information of “DEEP Smart Rashan” and “DEEP Smart Feast”.

Operation Information Consumption Loan – Smart Rashan  

Operational Information

FY 2013-14

Total no. of Smart Rashan Member’s (Cumulative)

868

Number of Disbursement (Cumulative)

4094

Amount Disbursed (in PKR) (Cumulative)

11,841,370

Amount Disbursed (in US$) (Cumulative)

1,19,610

Operation Information Consumption Loan – Smart Feast

Operational Information

FY 2013-14

Total no. of Marriage Loan Member’s (Cumulative)

24

Number of Disbursement (Cumulative)

24

Amount Disbursed (in PKR) (Cumulative)

230510

Amount Disbursed (in US$) (Cumulative)

2283


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