Group Loan

Purpose: Given to a group of members (self-help groups) who take collective responsibility for repayment.

Features:

• Entire group guarantees the loan.
• Amount depends on members’ savings and strength.
• Useful for Joint projects, business or income generating activities.
• Encourages teamwork and per accountability.
• Repayment:                
• 1.5 – 6 months
• 2 - 9 months
• 3 - 12 months
• Interest – 2%