Product
Weekly group loan microfinance is a lending model where a small group of individuals, often from low-income communities, come together to receive microloans. These loans are typically repaid in weekly installments. The group collectively guarantees each other's loans, reducing risk for lenders and fostering a sense of accountability among borrowers. This model is commonly used to support entrepreneurs or small-scale businesses that may not have access to traditional banking services. It encourages mutual support, financial discipline, and community development.
Daily group loan microfinance is a lending model where small groups of individuals, usually from underserved communities, receive microloans with daily repayment schedules. The group members collectively guarantee each other’s loans, fostering mutual accountability. This model allows borrowers to access small amounts of credit, typically for income-generating activities, while ensuring consistent loan repayments. The daily repayment structure helps manage cash flow and makes it easier for borrowers to stay on track with their loans. It’s commonly used in regions where access to traditional banking services is limited.
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Product Details OF PrimeGold MicroCare Foundation Loan
Provide Weekly Group Loan
Weekly group loan microfinance is a lending model where a small group of individuals, often from low-income communities, come together to receive microloans. These loans are typically repaid in weekly installments. The group collectively guarantees each other's loans, reducing risk for lenders and fostering a sense of accountability among borrowers. This model is commonly used to support entrepreneurs or small-scale businesses that may not have access to traditional banking services. It encourages mutual support, financial discipline, and community development.
- 5K - 15 Weeks: A small loan of ₹5,000, typically for short-term needs like setting up a small business, purchasing inventory, or covering other immediate business expenses. The repayment period is 15 weeks.
- 10K - 21 Weeks: A loan of ₹10,000, designed for slightly larger investments such as expanding an existing business or investing in machinery/tools. The repayment period is 21 weeks.
- 15K - 25 Weeks: A ₹15,000 loan, intended for more substantial business growth, such as expanding product lines or improving business operations. The repayment term is 25 weeks.
- 20K - 25 Weeks: A ₹20,000 loan aimed at supporting businesses with moderate growth potential, covering a wider range of needs like marketing or hiring additional help. The loan is to be repaid over 25 weeks.
- 30K - 25 Weeks: A ₹30,000 loan for businesses with higher growth goals, such as scaling operations, investing in technology, or making significant improvements. The repayment period is 25 weeks.
Provide Daily Basis Emergency Loan
Daily group loan microfinance is a lending model where small groups of individuals, usually from underserved communities, receive microloans with daily repayment schedules. The group members collectively guarantee each other’s loans, fostering mutual accountability. This model allows borrowers to access small amounts of credit, typically for income-generating activities, while ensuring consistent loan repayments. The daily repayment structure helps manage cash flow and makes it easier for borrowers to stay on track with their loans. It’s commonly used in regions where access to traditional banking services is limited.
- Allied Agricultural Activities like Dairy, Sheep-rearing.
- Retail Trade like vegetable vending, grocery, fruit vending.
- Self-employment ventures like cycle shop, watch repair.
- Village & Cottage industries like carpentry, pottery, leather-goods.
