Our Norms and Principles
- Loans are given based on trust and solidarity among group members
- Collateral is not required for the loans
- Borrowers are organized into small groups of 5 women
- Loan is considered as individual
- The borrowers choose their investment activity
- Repayments are made by bi-weekly installment at village level centers
- Financial services delivered to the village people doorstep
Loan Rate Table
| Loan Product | Loan Size | Interest rate % (declining) | Effective Interest rate % (declining) | Loan Terms | Payment Method |
|---|---|---|---|---|---|
| Personal / Basic Loan | €200 - €5,000 | 18% | 19.70% | 36 Months | Bi-Weekly |
| €5,001 - €10,000 | 18% | 19.70% | 48 Months | Bi-Weekly | |
| €10,001 - €25,000 | 15% | 16.17% | 48 Months | Bi-Weekly | |
| Home Renovation Loan | €200 - €5,000 | 18% | 19.67% | 36 Months | Monthly |
| €5,001 - €10,000 | 18% | 19.68% | 48 Months | Monthly | |
| €10,001 - €25,000 | 15% | 16.16% | 48 Months | Monthly | |
| Women's Loan | €200 - €5,000 | 18% | 19.70% | 36 Months | Bi-Weekly |
| €5,001 - €10,000 | 18% | 19.70% | 48 Months | Bi-Weekly | |
| €10,001 - €25,000 | 15% | 16.16% | 48 Months | Monthly | |
| Agriculture Loan | €200 - €5,000 | 18% | 19.67% | 36 Months | Monthly |
| €5,001 - €10,000 | 18% | 19.68% | 48 Months | Monthly | |
| €10,001 - €25,000 | 15% | 16.16% | 48 Months | Monthly | |
| Business / New Entrepreneur Loan | €200 - €5,000 | 18% | 19.67% | 36 Months | Monthly |
| €5,001 - €10,000 | 18% | 19.68% | 48 Months | Monthly | |
| €10,001 - €25,000 | 15% | 16.16% | 48 Months | Monthly |