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1.
Business Group Loan
|
Criteria |
Description |
| Area
of Operation |
Town
and Urban/Semi Urban Area |
| Methodology |
Solidarity
lending methodology with adaptations to the local enviroment
relating to character, repayment capacity and business of the
borrower |
| Purpose |
Provision
of acess to loans to micro enterprenuers mainly for working
capital |
| Amount
Limit |
Rs,
5,000 to 50,000 |
Loan
Period |
One
month to six months |
Repayment |
Monthly
Installments |
Markup |
15
% per annum |
Application
and loan processing fee |
Rs,
100.00 |
Collateral |
None,
However members of the business group cross guarantee each other |
2.
Business Committe Loan
|
Criteria |
Description |
| Area
of Operation |
Town
and Urban/Semi Urban Area |
| Methodology |
Solidarity
lending methodology with adaptations to the local enviroment.
Groups 5 to 10 borrowers with fixed place of business. |
| Purpose |
Provision
of acess to loans to micro enterprenuers mainly for working
capital. |
| Amount
Limit |
Rs,
3,000 to 50,000 |
Loan
Period |
One
month to six months |
Repayment |
Daily/weekly/fornightly
Installments |
Markup |
12
% per annum |
Application
and loan processing fee |
Rs,
100.00 |
Collateral |
None,
However members of the business group cross guarantee each other |
3.
Individual Loan
|
Criteria |
Description |
| Area
of Operation |
Rural
areas, members of Village and Women Organizations(VO/WO) |
| Methodology |
Individual
lending methodology with adaptations to the local enviroment. |
| Purpose |
Provision
of acess to loans to micro enterprenuers mainly for working
capital. |
| Amount
Limit |
Rs,
5,000 to 100,000 |
Loan
Period |
Upto
one year |
Repayment |
Monthly
Installments |
Markup |
16
% per annum |
Application
and loan processing fee |
None |
Collateral |
None,
However members of the VO/WO stand as informal guarantors. |
4.
Group Loan
|
Criteria |
Description |
| Area
of Operation |
Rural
areas, members of Village and Women Organizations(VO/WOs) |
| Methodology |
Village
banking methodology with adaptations to the local enviroment. |
| Purpose |
Availablibilty
of the credit within the VO/WOs by providing them with a revolving
fund. |
| Amount
Limit |
Equal
to th savings of the VO/WO |
Loan
Period |
Upto
one year |
Repayment |
Lump
sum or Installments as desired by the VO/WO borrowers/members |
Markup |
10
% per annum |
Application
and loan processing fee |
None |
Collateral |
Equal
to the loan amount in Term Deposit Recipts issued by the bank
or lien marking of the deposits kept with the bank |
5.
Urban Group Loan
|
Criteria |
Description |
| Area
of Operation |
Urban Area |
| Methodology |
Solidarity
lending methodology with adaptations to the local enviroment.
Groups 3 to 10 borrowers with fixed place of business. |
| Purpose |
Provision
of acess to loans to micro enterprenuers mainly for working
capital. |
| Amount
Limit |
Rs,
3,000 to 50,000 |
Loan
Period |
One
month to six months |
Repayment |
weekly/fornightly/Monthly
Installments |
Markup |
15
% per annum |
Application
and loan processing fee |
Rs,
100.00 |
Collateral |
None,
However members of the business group cross guarantee each
other |
6.
House Improvement Loan
|
Criteria |
Description |
| Area
of Operation |
Rural Areas, Members of village & Women Organization (VO/WO) |
|
Methodology |
Group
lending methodology for 5+ borrowers belonging to VO/WO. |
| Purpose |
Provision
of access to loans to households for improvement of residential
properties/houses. |
| Amount
Limit |
Rs,
1,500 to 50,000 |
Loan
Period |
One
year to Three years based on loan amount. |
Repayment |
Monthly
Installments |
Markup |
15
% per annum |
Application
and loan processing fee |
Rs.
100.00 |
Collateral |
None,
However members of the business group cross guarantee each
other |
7.
Low Salary Employees Loan
|
Criteria |
Description |
| Area
of Operation |
Town and Urban/Semi Urban Area |
|
Methodology |
Invidual
lending methodology with adaptations to the local environment |
| Purpose |
Provision of access to loans to the low salaried employees of the Governmental Organizations, NGOs and other private organizations. |
| Amount
Limit |
Rs,
5,000 to 40,000 |
Loan
Period |
One
year to Three years based on loan amount. |
Repayment |
Monthly
Installments |
Markup |
10
% per annum |
Application
and loan processing fee |
Rs.
100.00 |
Collateral |
An undertaking from employee to the employer requesting to mark lien against the terminal benefits in favor of bank and employer's confirmation on the same. |
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(2002-2004) 
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Rights Reserved.Disclaimer
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