Grama Vidiyal Loan Details ([current_date format='F, Y'])

Grama Vidiyal Loan:

Grama Vidiyal Micro Finance Ltd. is a renowned and one of the largest microfinance institution in India. It serves one million households in 5 states of India. It offers dedicated service to its customers and it has disbursed Rs.18 billion for various income generating activities. Its outstanding loan portfolio stands at Rs.6 billion.

Grama Vidiyal Micro Finance Ltd. has 5 types of credit and credit-plus products. The main mission of Grama Vidiyal Micro Finance Ltd. is to empower women of the poorest families through efficient poverty alleviation and microfinance program.

Its main objective is to eradicate poverty and improve standard of living of downtrodden women. Grama Vidiyal Micro Finance Ltd offers products and services with effective planning and technology to achieve their customer’s utmost satisfaction through continuous improvement.

Grama Vidiyal Loan Details

Grama Vidiyal Micro Finance Ltd offers the following financial products:

General Loan

Purpose: General loan is provided to support various income generating activities of Grama Vidiyal Micro Finance Ltd members and their families.
Loan amount: Maximum ceiling is Rs.25,000.
Percentage of total loan portfolio of Grama Vidiyal Micro Finance Ltd: 80%

Grama Vidiyal Loan Features

Grama Vidiyal Micro Finance Ltd has very stringent monitoring systems to ensure that the loan amount is being utilised for the income generating activity that it was sanctioned for.
The loan amount can be utilised to initiate a new business activity or to invest in the existing business activity.
The members of Grama Vidiyal Micro Finance Ltd will be given a general loan as the first loan to support the income generating activities of the members.

Multipurpose Loan:

Purpose: To offer funds for financially supporting customers’ business.
Eligibility: Multipurpose loan is provided to the members of Grama Vidiyal Micro Finance Ltd who have completed 2 cycles of General Loan with proper loan repayment.
Loan amount: Ranges between Rs.3,000 and Rs.5,000.

Features

The loan is offered after taking into consideration of the proposed business activity and the previous repayment history of the client.
The member must show 100% compliance to the policies and procedures that is laid down by Grama Vidiyal Micro Finance Ltd.

Business Loan

Purpose: To offer funds for financially supporting customers’ business.
Eligibility: Business loan is provided to the members of Grama Vidiyal Micro Finance Ltd who have completed 3 cycles of General Loan with proper loan repayment and who have continuous association with the program.
Loan amount: Maximum ceiling is set at Rs.50,000.

Features :

The Grama Vidiyal Micro Finance Ltd has established a high degree of screening. They offer loan after taking into consideration of the cash flow of the proposed business activity and the previous repayment history of the client.
The member must have completed 3 cycles of General Loans during continuous association with the program.