IFL scheme aims to provide interest-free loans to the poor households scoring 0 to 30 on Poverty Score Card (PSC) with an average loan of Rs 22,000 per household to help them come out of the vicious cycle of poverty as well as to improve their livelihood and facilitate them to become empowered both economically and socially. The households having a score range of 0-30, with viable business ideas or opportunities, but little or no access to banks or microcredit institutions are eligible for the Program.
BRSP is implementing interest-Free Loan (IFL) in six districts of Balochistan; District Zhob, Pishin, Killa Abdullah, Kharan, Khuzdar, and Jhal Magsithrough 15 loan centers, where BRSP has fostered community institutions.
The Program is anticipated to provide 86.172 million interest-free loans as a revolving fund to the eligible households.
BRSP has so far provided a total of 9,401 loans and disbursed a total of Rs.202.5 million to eligible beneficiaries from its inception to the end of September 2020, (about 60% of these loans were awarded to women).