Group Savings/Micro-Loan

This is based on voluntary formation of small solidarity groups of five people to provide mutual, moral binding group guarantee in lieu of collateral. This credit process is simple and easily accessible to rural customers

Benefits

• The amount of deposit attracts cash backed collateral for group lending
• Attractive interest rate
• free business management training
• Helps in forming of groups for easy access to the bank services
• Product designed to fit the need and interests of group solidarity.