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Group Loan

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Group Loan

Provides to ladies between the age of 18 and 58 for income generation purposes. Loans are provided in groups ranging from 5 to 30 members who are residing in the same locality within a 1 KM radius. 

A credit check is conducted for these members followed by Comprehensive Group Training and Group Recognition Test following which loans will be credited to the sanctioned customers from 30000 onwards. Loan tenure is for 1 Year which is 52 weeks or 2 Years 104 weeks.

Repayments will be made in weekly mode and will be collected from the doorstep of the Group leader place. Till date, we generated a portfolio of 40 crores plus across 10000 members with 100 % repayment till date across 3 branches within a span of 9 months.

 

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