If you are an entrepreneur or inspired by someone and looking for a fundraiser to start up your business. Then here we are going to describe in detail different ways to start up can raise funding in Pakistan. Through these platforms, you can get funds from both public and government organizations in Pakistan with a time period.
Do you have any start-up that needs funds? If so, then you are not the single one who needs funds because there are a lot of people who have brilliant business ideas but don’t have much money to start their business. Moreover, you will find plenty of options to give a new path to your startup.
There are a lot of entrepreneurs in Pakistan who have the potential to start their businesses. But the main concern is that most of the people need to start ignition whether they are non-resident Pakistanis or multi-national formers employees. From the e-commerce business to food carts all of them have to need some good funds to face the challenges of the existing market. The growth of Pakistanis entrepreneurs has significantly become the most popular.
Now, what are different ways to kill the need for fundraising to startup? Here are some practical resources of funding through different platforms of government and private sectors in Pakistan.
Here you have 7 ways your startup can raise funding in Pakistan in 2021:
- Bank Loans
- Crowdfunding
- Angel Investing
- Venture Capitalist
- Microfinance Providers
- Government Schemes for Entrepreneurs
- Friends And Family
Bank Loans:
In Pakistan, there are a lot of banks that offer loans to entrepreneurs with their unique business plans and concepts. Bank loans can be gained from both government and private banks with their terms and conditions.
Bank Alfalah:
Bank Alfalh provides the loan to the entrepreneurs on a different basis and it is ranging from 50,000PKR to 2 Million and its tenure range is from 1 to 5 years, Moreover, no security/collateral requirement.
NBP’s Credit guarantee scheme:
According to the National Bank credit guarantee scheme, it offers loans to entrepreneurs on the basis of their business plans and ideas. It offers a maximum loan of 1.5 million and a tenure of 5 years.
Crowdfunding:
Crowdfunding is the platform of fundraising for small businesses and it is the use of a small amount of capital from a large number of individuals. Many small business owners move to crowdfund sites to give handsome start their business. In these platforms, there is a large number of organizations that are registered under legal authorities and providing the best services to make your business at a good level where you want.
There are different sites of Crowdfunding platforms Indigogo and Causes but here the Kickstarter is one of the best options to startup any business. It is the best option for those when everybody goes for Crowdfunding. From the day of establishment, the company has raised over $5.6 billion with more than 197,425 projects to be funded. The charges will not be deducted unless your campaign meets your campaign goal. Otherwise, on successful transactions, it deducts a 3-5% fee per transaction.
Read Also: How to Get a Loan from Any Pakistani Banks For Personal or Business Use
Angel Investing:
How do you find angel investors in Pakistan?- There are a lot of angel investors that are committed to investing in promising business ideas. In Pakistan when you will find many such businesses that start their business with the help of angel investors.
10xC- Seed funding is one of the most popular investor groups. They love to invest in Pakistan business startups and provides seed funding to entrepreneurs who are working on good ideas that perfectly meet the market needs.
Venture Capitalist:
Venture Capitalist has different terms and conditions as compared to the rest of the investors. Venture Capitalist usually takes more in return of the investment and it invests in high organizations which have potential like the stock market.
There are a lot of types of venture capitalist funding including startup capital, early-stage capital, and many more like these. Early-stage capital 2-3 years into your ventures, if you have got your organization off the ground and have zero efficiencies. Then VC funding will help to increase the ramp-up marketing and improves the organization’s efficiency.
Microfinance Providers:
Most people don’t want to go for conventional banks because of different reasons. They move with Microfinance bank that offers “Karobari Karza“. It provides a Maximum loan of 1.5 million PKR and has a tenure range from 6 months to 2 years.
Government Schemes for Entrepreneurs:
The government is providing different schemes to the youth to start their business with having unique ideas. what are these schemes for loans let’s see it?
Prime Minister Youth Business Loans:
The government has provided the opportunity to its youth to get loans on a business basis. The basic purpose of this scheme is to promote entrepreneurship by supporting new businesses. It offers 2 Million PKR to start the business.
Youth Entrepreneurship Scheme:
This scheme provides loans with 0 % markup and it offers in 3 tiers. It offers 1 Million PKR in the first tier, 10 Million PKR in tier 2, and 25 Million in 3rd tier.
Friends And Family:
If you don’t get money from the all resources which are above mentioned then you should go for a friend and family member for a loan.
Your friends and family members will appreciate you if you have a unique idea for your business. It would be quite helpful for you rather than taking a loan from other organizations or a bank with a percentage markup.
Make sure you can brief them with your plan then you should go for the borrowed money from them for your business.
Final Words:
Here you have all of it guys. With the ending of this, I hope if you want to start up your business and searching for some investors or bank loans then this content will be quite helpful for you. Make you thinking vast and come up with a unique idea then go for all schemes for fundraising in Pakistan. If you have any queries about this content feel free and just ask in a comment box. I will definitely assist you to sort out your issue.
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