Basic loan from KGMAMF may be used for various income generating activities or entrepreneurial capacity building initiatives.
Some key features of the basic loan also discussed in the table below:
Features | Details |
Purpose | For any income generating activities |
Credit/ Loan Terms | Term of basic Loan from 3, 6, 9 months or 1, 2 and 3 years |
Repayment | Bi-weekly with interest and as per as the requirement |
Capacity of Loan /Size of Loan | Previous experience of work on the proposed business (if available) |
Interest Rate | 20% decline per annum |
Effective Interest | 22.04 % |