Provide financial help through Micro Loans
We aim to provide financial help to our clients by enabling them to make necessary investments that seek to grow their business and improve their livelihood. We do so by giving them access to credit at affordable rates. Our micro loans go to customers organised in groups of 5-12 people, called “Svatantra Sahayatah Samooh”, wherein each member of the group provides credit guarantee for the other members.
We endeavour to offer our clients products that are most suited to their needs and follow innovative processes to deliver them in the most efficient manner. Currently, we offer the following products
|Product||Loan amount||Tenure||Rate of interest||Loan Processing Fee|
|Svatantra Group Loan||1st Cycle – 10,000 to 18,000
2nd Cycle – 24,000
|1st Cycle – 12-24 months
2nd Cycle – 24 months
|1.83% per month||1%|
|Svatantra Home Improvement Loan||20,000 – 35,000||24 months||1.83% per month||1%|
Loan Disbursement Process
Identify customers who benefit from loans through detailed surveys.
Field officers create groups of 5-12 people called ‘Svatantra Sahayatah Samooh’.
Conduct workshops on financial literacy to help develop money management skills.
Detailed application process to shortlist potential customers.
Receive repayment of loans at regular intervals with interest.
Track the utilisation of loans and offer timely guidance.
We are constantly amazed by the immense talent of our clients. We try to encourage and enable them by providing specialised training in tailoring, manufacturing folders and any other art form that is within their area of interest. We aim to assist them harness this talent, translate it into an income-generating business and build a secure future.
We encourage both male and female entrepreneurs to expand their existing business or even start a new business. Our loans are designed to meet a variety of needs such as fulfilling their working capital requirements, making capital expenditure and even providing start-up capital for new businesses.
Inculcate Financial Literacy
We furnish our clients with all the information required to be financially responsible before issuing a loan. In our financial training sessions, we educate our clients about the basics of budget management and explain complex banking procedures and how our clients can utilise them to best suit their day-to-day needs.
Promote Financial Inclusion
We are working towards financial inclusion in the areas we operate by raising awareness about banking and providing financial literacy training. As we follow a 100% cashless disbursement system, every month we assist clients in opening bank accounts and disburse loans directly to ensure these accounts are utilised. In this way, not only do our clients gain more confidence in banking activities, but are also able to benefit from earning an interest on their savings.