| MICRO-LOAN Products
Product offerings
Offers need based products and services to its customers. Since the clients are from the
economically weaker sections of the society, collateral free micro credit is provided.
The products
are simple and designed to facilitate the transactions in synchronization with the operational model.
The main thrust is on providing access to institutional credit for the poor families and scope for
entrepreneurial activities. Though, the loans are utilised for 234 different types of income
generating activities, a broad break-up is as below :-
Micro-loans are granted for Income Generation Programs (IGP):
• Agriculture
• Allied Agricultural Activities like Dairy, Sheep-rearing.
• Small Business ventures like Tea shop, Tiffin stall.
• Retail Trade like vegetable vending, grocery, fruit vending.
• Self-employment ventures like cycle shop, watch repair.
• Village & Cottage industries like carpentry, pottery, leather-goods.
Loans are also considered for consumption purposes (e.g. house repair,marriage & other family functions)
|
| Type |
Tenor
(Weeks) |
Repayment Frequency |
Size(INR) |
Interest Rate
(FLAT) |
MicroLoan(IGP)
Cycle 1
Cycle 2
Cycle 3Cycle 4Cycle 5 |
50
50
50
50
50
|
Weekly
Weekly
Weekly
Weekly
Weekly
|
5,000-10,000
10,000-20,000
20,000-30,000
30,000-40,000
40,000-50,000 |
12%
12%
12%
12%
12%
|
| Small Loans |
100 |
Weekly |
50,000-1,50,000 |
12% |
| Emergency Loans |
50 |
Weekly |
3,000-6,000 |
12% |
| Short Term Loans |
50 |
Weekly |
10,000-20,000 |
|
| Destitute Loans |
one year |
Convenient
instalments |
1,000 |
Nil |
|
|
|
