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MICRO LOAN

This product is targeted at clients operating micro business such as petty traders who require little amount of money to operate small business

  • Loan is disbursed to a group of 5 - 10 persons or an individual
  • Group guarantees loan on the event of default by members
  • Maximum loan amount for starting is 100,000 per member
  • Tenure is maximum of 10 months
  • Repayment is weekly or monthly
  • Group members each must save up to 20% of loan before loan disbursement
  • The 20% is refunded on completion of repayment

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