SomMicrofinance provides small financial services such as financing, savings, and support to individuals or small businesses that do not have access to traditional banking services.
Yes. Our microfinance services follow Islamic principles and are free from interest (Riba), uncertainty (Gharar), and prohibited activities.
Individuals aged 21 years and above with a small business or a clear business idea and the ability to repay are eligible to apply.
We offer various Shariah-compliant financing options such as Murabaha, Qard Hasan, Ijara, and partnership-based financing, depending on the client’s needs.
Applicants are required to submit valid identification, proof of business operation, proof of address, passport-size photograph, and other supporting documents if required.
The approval process usually takes a few working days after all required documents are submitted and verified.