Help Create Wealth and Stability for Lower-Middle-Income Families Through Home Ownership
Asaan Ghar Finance, one of the leading Islamic affordable fintech mortgage providers in Pakistan, is launching the Tenant to Homeowner (Kiraayedar se Maalik-e-Makaan) Program — a non-profit initiative offering zero-interest (Qarz-e-Hasna) home financing to lower-middle-income salaried-class families with a monthly income of USD 250-400 (PKR 70,000-90,000).
The Tenant to Homeowner Program will empower these families to build assets and accumulate wealth, while gaining the stability, dignity, and security that come with owning a home. This initiative is a first-of-a-kind large-scale private-sector effort targeting urban areas, starting with Karachi and Hyderabad.
The initiative is a partnership between Asaan Ghar Finance and SIMA Impact Foundation, a US-based 501(c)(3) public charity. We aim to raise a total of USD 23 million to fund 2500 homes. In the first phase, we are targeting USD 3 million by the end of the year to finance 333 homes.
All contributions are tax-deductible (for US residents). Donations under USD 2,000 will be treated as charitable contributions. Donations of USD 2,000 or more will be structured as a recoverable grant, which the family repays over a period of seven years. A 4% operational fee will be retained, and the remaining amount will be reimbursed to the donor.
The Problem: Locked Out of Homeownership
Asaan Ghar Finance, one of the leading Islamic affordable fintech mortgage providers in Pakistan, is launching the Tenant to Homeowner (Kiraayedar se Maalik-e-Makaan) Program — a non-profit initiative offering zero-interest (Qarz-e-Hasna) home financing to lower-middle-income salaried-class families with a monthly income of USD 250-400 (PKR 70,000-90,000).
The Tenant to Homeowner Program will empower these families to build assets and accumulate wealth, while gaining the stability, dignity, and security that come with owning a home. This initiative is a first-of-a-kind large-scale private-sector effort targeting urban areas, starting with Karachi and Hyderabad.
The initiative is a partnership between Asaan Ghar Finance and SIMA Impact Foundation, a US-based 501(c)(3) public charity. We aim to raise a total of USD 23 million to fund 2500 homes. In the first phase, we are targeting USD 3 million by the end of the year to finance 333 homes.
All contributions are tax-deductible (for US residents). Donations under USD 2,000 will be treated as charitable contributions. Donations of USD 2,000 or more will be structured as a recoverable grant, which the family repays over a period of seven years. A 4% operational fee will be retained, and the remaining amount will be reimbursed to the donor.
The Solution
Tenant to Homeowner (Kiraayedar se Maalik-e-Makaan) Program
SIMA Impact Foundation and Asaan Ghar Finance have collaborated to launch and execute the “Tenant to Homeowner” (Kiraayedar Se Maalik-e-Makaan) Program—a zero-interest Islamic home financing (qarz-e-hasna) initiative for families earning between USD 250-400 (PKR 70,000-90,000) per month. This philanthropic program empowers deserving families to own a home, a key to wealth creation and long-term stability.
Installment = Rent: As low as USD 107 (~Rs. 30,000)/month
Target Impact: Approximately 2500 deserving families
Loan Amount: Up to ~USD 9,000 (PKR 2.5) million per family
Property Cap: Homes priced at up to ~USD 20,000 (PKR 6 million)
Applicable Cities: Karachi and Hyderabad
How Does the Tenant to Homeowner Program Work?
Meet the Families You Can Help
Behind every application is a story of strength, struggle, and hope. These are the faces of families who are ready to move towards homeownership.
Shumaila
Widow, Mother of Three
“I’ve lived in rented homes my whole life. I don’t want my children to grow up with the same uncertainty I did.”
Current Rent: $9
Combined Monthly Family income: $350
Sana
Widow, Mother of Two
“Rent keeps taking and never gives back. Owning a home means peace—not just for me, but for my children.”
Current Rent: $70
Combined Monthly Family income: $325
The Impact Your Investment Can Create
Every dollar rupee you invest in the “Tenant to Homeowner” Program is more than a donation—it’s Sadaqah Jariyah. Your contribution does more than fund a house; it transforms lives, unlocking a future of dignity, opportunity, and financial security for generations to come.
With full funding and program scale, we aim to
- Uplift 15000+ Lives from housing insecurity
- Create 12500+ Permanent Jobs across housing and related sectors
- Enable 2500 Green Homes powered by affordable solar
- Help educating 7500 Children through rent savings
About SIMA Impact Foundation and Asaan Ghar Finance
The SIMA Impact Foundation is a U.S.-based philanthropic initiative of SIMA Funds LLC, dedicated to addressing the needs of low-income individuals through impactful investments. The foundation focuses on supporting sectors that are not commercially viable and aims to create opportunities for people at the base of the economic pyramid.
Asaan Ghar Finance is Pakistan’s first Islamic fintech housing finance company, offering Shariah-compliant mortgages to first-time homeowners in underserved middle and lower-middle-income communities. Driven by the belief that every Pakistani deserves a home of their own, Asaan Ghar has already helped over 50 families become homeowners while maintaining a 100% collection ratio and growing steadily at a 56% annual CAGR, with a portfolio exceeding PKR 330 million.
How Your Contribution Works
Every contribution to the “Tenant to Homeowner” program helps a low-income family in Pakistan transition from renting to owning a dignified home. If you donate under USD 2,000, your gift will be used as a direct charitable contribution to support a family’s home financing journey. For contributions of USD 2,000 or more, your support will be structured as a recoverable grant. The family repays the amount over time, and your capital, minus a 4% operational cost, can be reimbursed to you or reinvested to support another family. Either way, your generosity creates a lasting impact, without charging any interest or profit.
Tax Benefits for U.S. Donors
SIMA Impact Foundation is a registered 501(c)(3) nonprofit organization in the United States. This means that all contributions made by U.S. taxpayers are tax-deductible to the full extent allowed by law. After you donate, you’ll receive an official donation receipt for your records. Whether you’re giving a one-time gift or a recoverable grant, your contribution supports global impact and qualifies for tax benefits.
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