SLBB requires its clients to save with most of their loan products and encourages clients to contribute to voluntary savings accounts as well. Both savings accounts give members access to funds for health, education and consumption needs either though withdrawal of voluntary savings. There are 4 types of saving products offered to its clients, they are: compulsory saving, voluntary saving, centre fund savings and Sunaulo vabisye savings. Read More >>
1) General Loan
This loan is Income create types & Maximum two years loan with monthly repayments. Clients make payments mostly during monthly in Group meetings place, where group members perform their financial transactions such as repayment, Deposit transfer & cash deposit etc. Generally a group is composed by 10 to 30 members. The interest rate is 20% on declining basis. Before women can become members of SLBS and hence eligible for loans, they must complete the compulsory group training ( from 5 to 7 days) and pass the group recognition test. The loan size is optimum Rs 2 lakhs (First year Rs 100,000 and second, Third year gradually increase) Read More >>
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