Mahila jan shakti group Loan
Reaching the unreached (Micro Loan a livelihood promotion from Brabim)
Micro-credit by itself is helpful for the more enterprising poor
members in economically dynamic areas. Less enterprising poor
households need to start with savings before they can benefit
from micro-credit, because they need to cope with risk. To offer
these services in a cost-effective manner, it is not possible
to work with poor households individually and they need to be
organized into groups, informal associations and sometimes
cooperatives or producer companies. The formation of such
groups and making them function effectively, requires society
development services. Microfinance started with the recognition
that poor people had the capability to lift themselves out of
poverty if they had access to affordable savings & loans. With
the right opportunities, the poor have proved themselves to be
productive and capable of borrowing, saving and repaying, even
without collateral Provides self-employed women financial
assistance to support their business enterprises, such as
raising livestock, running local retail shops called kirana
stores, providing tailoring and other assorted trades and
services.
What We Do
Brabim serves thousands of poor women across villages and
urban slums. We have achieved this scale through an innovative
combination of using a for non-profit model, drawing on best
practices from the business world and deploying technology. We
are using the channel that we have created to provide a full
range of financial services to the poor members. By providing
the poor this range of economic tools, we are looking forward
to the eradication of poverty.
Product Features Benefits
Brabim Micro Loan (Income Generation) -Loans range from
Rs.5, 000 to Rs. 10,000 for the first loan; subsequent loan
amounts determined by past credit history and increased each
in set increments up to a maximum limit as decided by the
Company.
Term of the loan is 50 weeks with principal and interest payments
due on a monthly basis.
There are times when we need certain information from you to
respond to requests and to authenticate your identity when you
register for online account information access.
Key Features
Brabim Micro Loan (Income Generation) -Loans range from
Rs.5, 000 to Rs. 10,000 for the first loan; subsequent loan
amounts determined by past credit history and increased each in
set increments up to a maximum limit as decided by the Company.
Term of the loan is 50 weeks with principal and interest payments
due on a monthly basis.
There are times when we need certain information from you to
respond to requests and to authenticate your identity when you
register for online account information access.
Duration
12 months
Premature Payment
- Available.
- Interest Rate Applicable on withdrawal after 1 years as per Nidhi Company Terms & Conditions
Premature Payment
- Not Available up to 3 Years.
- Interest Rate Applicable on withdrawal after 1 years as per Nidhi Company Terms & Conditions
Nomination Facility
- Nomination Facility Available.
Loan Facility
- Not Available upto 1 Years.
- Maximum of 60% against deposit amount after 1 years.
- Interest rate shall be applicable as per Nidhi Company’s Terms & Conditions
Tram and conditions
Insurance and processing charges applicable