Business Startup
Job Placement / Business Startup & Equipment Financing
The leadership of Wise Education Society is not only providing free Education, Healthcare, Food, and Skill Development to its all orphan, needy & talented students it is also facilitating hundreds of Educated unemployed youth from other universities and also provides them interest – free loans for students business startups under the banner of Self-Earning Village Area – B. Wise also facilitates its students for equipment financing. In this type of loan, Wise provides equipment such as laptops or computers to the skillful student who want to work remotely at home, through online self-earning.
Self-Earning Area-B is providing two types of mentorship to the students Job Interest & Business Startups.
For job placement self-earning village Area-B provides mentorship to its all job interested students about cv creation, job ethics and official interview training. Thousands of Wise students are placed in different renowned organizations and supporting their families.
The mechanism of this Business Startup Area – B is that our many donors & sponsors contribute specially for this project to support these needy stydents for their self-earning. The center collects all the donations & gives the amount to the applicant as per his/her business proposal. In this way Earning center rotates all of its funds for many orphan & needy students. Self-Earning or Business Startups and provides the facility of equipment financing for the students.
The loan scheme is totally different scheme from the conventional loan system prevailing in our country. This scheme is based on very easy installment plan with mutual understanding of the parties (Wise + Students). The beneficiaries of the scheme are the following:
Our Wise Skill Institute operates Two Groups under the banner of Self-Earning Village
Interest Free Loan Scheme Steps
- Business proposal submission to Wise Earning Center.
- Application submission process.
- Loan will be approved by Earning Center / Directors & CEO Wise.
- Loan will be sanitioned by the recommenddations of appplicant’s instructor & (for parent’s academic performance of their children should be up to mark as per Wise policy).
- Finalization of installments with the consent of the applicant.
- Loan disbursement to applicant.
- Loan recovery on monthly basis.
- Follow ups for loan recovery.
Loan Scheme Eligibility Criteria (for students)
- The applicant should have a valid CNIC.
- Having the ability to run/initiate business activity.
- Age between 18 to 36 years for students.
- Applicant should not be back defaulter.
- The applicant should not be convicted of any criminal offence for which proceedings and in progress.
- Applicant should have the capacity to provide two (2) guarantors other than family members.
- Applicant should have a god social and moral character in the community.
Loan Scheme Eligibility Criteria (for students)
- 3 copies of CNIC.
- Lasted utility bills.
- Latest photographs.
- Two guarantors.
- Personal Responsibility.
- Postdated Cheques.
- Copy of Nikah Nama (If married).
- Addistional documents might be asked if needed.