Our Products

CBO Bulk Loans

 

• CBOs are assessed to check that they are suitable for lending.
• Typically a loan for Rs. 200,000.00 – 500,000.00 will be lent to CBOs for 10-25 of their members.

Each member is required to complete an individual assessment form which is then verified by a credit officer. Individual would receive Rs. 20,000.00 – 50,000.00 in order to support their income generating activities

 

Micro Enterprise Loans

 

• Targeted at those people who are running small businesses.
• They are required to provide a business plan with support of our credit officer, and also provide guarantees.

Enterprise loans are typically between Rs. 100,000.00 – 200,000.00

 

Group Loan

• For economically active low income households.
• Maximum loan amount - Rs.25,000/-
• Interest -18% flat per year.
  
• Repayment-weekly or monthly.
• Period - 12 months.
• Security -10% of the loan amount.
• Two personal guarantors. Group members are also acceptable.
• Both the husband and wife should sign.
• One time Non refundable joining fee of Rs.500/-.
• Service fee of Rs.250/- per each loan.
• Loan applicants below 65 years should subscribe to the existing Insurance Scheme. The benefits of the scheme are as follows.
• Death due to an accident/or total incapacity Rs.100,000/-, Funeral expenses Rs.10,000/- .
• Death due to natural causes Rs.50,000/-, Funeral expenses 5000/-
• Deaths due to Homicides and Suicides are not covered.