Green Stream Financial Assistance QARZ E HASNA Program for Higher Education and Karobar

Green Stream Financial Assistance QARZ E HASNA Program for Higher Education and Karobar

 

QARZ-E-HASNA (Interest Free Loan):

One of the major focus of the trust is in the domain of providing Qarz-e-Hasna (Interest free loan) for Education and Karobar*  to the needy and deserving students of major and leading universities of Pakistan. Through this scheme the Green Stream bears the educational expenses of the students on purely “Need cum Merit” basis in order to enable them to complete their Higher Education.

The repayment policy for the Qarz-e-Hasna is as follows:

  • The amount of Qarz-e-Hasna sanctioned to the selected student depends on his/her need and eligibility.
  • During the study period, the student has to pay a nominal, token repayment amount (depending upon the financial position of the candidates, his/her parents/guardians monthly income) to the Green Stream as repayment.
  • After the completion of his/her education, the repayment amount for the Qarz-e-Hasna is to be adjusted according to the income of the student
  • Memorandum of Understanding (MoU)

  • In order to proceed with the sanctioning of Qarz-e-Hasna to the students, Green Stream first signs Memorandum of Understanding (MoU) with the institute/ University. As per MoU, the university initially select and shortlist the candidates for this scheme. The cases are then forwarded to the Ihsan Trust which after proper analysis of the documents then conducts the interviews of the candidates to assess their exact need and requirement of financial assistance.The managing trustees then finally approves the student for this Qarz-e-Hasna facility and the funds of the Qarz-e-Hasna are then transferred in the University account on the behalf of the student. Nothing, not a single penny is given in the hands of the selected students.Monthly token repayment from the student starts from the very next month.Throughout this process, the university help and assist Green Stream by awareness campaigns, ensuring timely repayments by the students and acting as an intermediary between the Org and the students.
  • CRITERIA

  • Family Profile
    • Total number of family members, dependents and their status
    • Number of students in the family and the status of Institutions in which they are studying.

    Income

    • Income from Salary
    • Income from Business
    • Agriculture Income
    • Income from Investments
    • Income form properties

    Expenditure

    • Household expenses
    • Educational Expenses
    • External Liabilities (loan repayments, credit card payments etc)
    • Other expenditure

     

    Other Factors

    • Residence and accommodation status
    • Pattern of family’s spending
    • Expenditure on Air travel (essential and non essential)
    • Luxury spending (club membership, dining out)
    • Siblings studying overseas
    • Savings & Investments
    • Other financial support available from family or relatives

    Limitations

    The following categories of students will not be provided the financial assistance:

    • Students having access to other types of coverage for education cost, including education benefit by employer, education insurance schemes, Government (local, provincial or Federal) support, any other facility

    Students with siblings studying abroad (with or without scholarship)

  • نوٹ کاروبار کے لیےطریقہ کار الگ ہے معلومات کے لیئے دیے گئے نمبر پر رابطہ کریں شکریہ
  • 03006995385 or Whats App 03345200225

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