HEWT FOUNDATION

LET'S END POVERTY, ONE BY ONE

What is Qarz-E-Hasna?

Qarz-e-Hasna is essentially an interest-free loan. In Qarz-e-Hasna, the lender does not charge any interest on the principal amount borrowed. The primary motive behind offering a Qarz-e-Hasna loan is to help individuals in financial distress. It reflects a spirit of generosity and charity.

While the loan is interest-free, there may be terms and conditions associated with Qarz-e-Hasna loans, such as a repayment schedule, the purpose of the loan, and the borrower's ability to repay. However, these terms are typically more lenient than those of commercial loans.

Borrowers are encouraged to repay the borrowed amount once their financial situation improves. This repayment can be used to help others in need, continuing the cycle of charitable giving.

How Qarz-e-Hasna is different from Micro Financing?

Qarz-e-Hasna and microfinancing are both financial assistance mechanisms, but they differ significantly in terms of their principles, objectives, and operation:

Qarz-e-Hasna

Micro Finance

HEWT‘s Qarz-e-Hasna for Small Business Establishment

HEWT's Qarz-e-Hasna program is dedicated to supporting the establishment of small  businesses for individuals, with an emphasis on supporting women while also extending this opportunity to men. All of whom must meet HEWT's criteria for deserving applicants who meet specific criteria as defined by the HEWT. The program is designed to empower financially disadvantaged individuals who have the potential to run small businesses and are committed to returning the borrowed amount through easy 12 monthly installments.

The key elements of this initiative include:

HEWT's Qarz-e-Hasna program is for small business establishment is centered on financially disadvantaged individuals who possess the capability to operate small businesses and have the integrity to fulfill their repayment commitments. This initiative aligns with HEWT's mission of fostering economic empowerment and self-reliance within deserving communities.