CHINAR International Information

CHINAR's Community Finance Program aims to help the guardians of vulnerable children and marginalized youth to gain a financial footing so that they can provide a nurturing and healthy environment for their families. In the current market, the marginalized population of Kashmir is struggling to obtain bank loans and finance their basic needs. To assist with this problem CHINAR's Community Finance Program provides these individuals with hassle-free, collateral-free, and interest-free finance. The Community Finance Program is focused on creating self-sustaining lifestyles for the marginalized individuals of Kashmir, with the goal that they are self-reliant within 5 years of CHINAR's support. The program is set up to do this with its repayment schedule for participants. CHINAR is creating stakeholders instead of beneficiaries by giving them the tools to set up and conduct their business, gaining the revenue to repay the program in a five-year timeframe. With these repayments CHINAR can continue to fund more Community Finance participants and support in their financial independence. CHINAR is able to locate individuals in need of the Community Finance Program through other CHINAR programs such as the Remote Family Sponsorship Program and Skills Development Program. Participants are given guidance, mentoring, and training to prepare them for the financial market. CHINAR provides financing and materials in order to create a successful business venture. With CHINAR's Community Finance Program model individuals gain independence, self-reliance, and autonomy in the financial field. With these tools, participants can support themselves and their families, ensuring a steady income and healthy home environment.