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Financial Assiatance

Qarz E Hasna

Financial Assiatance

Body of literacy development (BOLD) recognizes that large number of talented students who manage to get admissions in higher education institutions on merit do not possess means to finance their tuition fee and living expenses during their course of study. Consequently, they are liable to either drop out or do odd jobs to support themselves which affects their grades and thus future job prospects. In order to facilitate such students the foundation has embarked upon a program to give interest free loans (qarz e hasna) with the agreement from the students to return the loan in installments once they complete their education and find a job or source of income. The funds returned are then recycled to grant new loans.

Criteria
  • Only students of government institutions can apply for Financial Assiatance.
  • Students have atleast 60% marks in latest degree
  • Only Deserving student are eligible for Financial Assiatance.

Quarterly Application Process

Applications for educational loans are accepted on a quarterly basis, starting in July. Please refer to the cycle schedule below for specific application deadlines and guidelines.

Cycle Schedule

Cycle Dates
1st Cycle July 10 — July 25
2nd Cycle October 1 — October 15
3rd Cycle January 1 — January 15
4th Cycle April 1 — April 15