SAMRUDHI Micro Fin Society

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Micro Loans

Product	Purpose	Amount	Terms
Micro Loans
Income Generation Support Loan (IGSL)	Income generation, Asset development etc	Min Rs. 5000/ Max Rs.10,000/-	Term: 50 weeks Repaid: weekly
Mid-Term Productive Loan (MTPL)	Additional Loan to Improve the established Enterprises Available after 25th week	Max Rs. 5000/-	Term: 50 weeks Repaid: weekly
Emergency Support Loan (ESL)	Pregnancies, funerals, hospitalizations etc.	Rs. 500 to Rs. 1000	Term: 20 weeks Repaid: bullet
Micro Savings
Voluntary Savings (VS)	Voluntary,	Voluntary	Voluntary deposit

Income Generation Support Loan (IGSL): The main objective of this loan is to enable people to generate income, build assets and become self-reliant. In the first year, the Income Generation Support Loan is for a minimum of Rs. 5000 & maximum Rs.10000. The loan size increases in subsequent years by Rs. 2000 each year (Rs. 12000 in the second year; then Rs. 14000, etc.). Members have to repay the loan amount in equal weekly instalments.

Mid-term Productive Loan: Mid Term Productive Loan is available to members after 25 weeks of successful repayment of IGSL. Maximum limit of this loan is Rs.5000. The terms and conditions of this loan are otherwise same as IGSL loan.

Emergency Support Loan: Emergency support loan is available only for dire emergency needs. Acid test to decide what dire emergency is could be the event where the member is willing to sell or pledge her jewels to get money for various purposes such as hospitalisation, children’s fee etc. The loan availed will have to be repaid in 10 week as a bullet payment. The maximum limit of this loan is Rs. 1000.