Nari Shakti Loan
- Offered to Females
- Purpose: To start business / generate Income
- Unsecured Loan Product
- Tenure 12 to 24 Months
- Monthly EMI
- Aadhar card is compulsory as ID proof
- Voter ID Card / Ration Card / Electricity Bill / Gas Bill / Water Connection Bill
- Only 1 rented client will be added in a Center with Group guarantee and well income source.
- Only 1 Widow or Divorcee client will be added in a center with self/Co-borrower income source and group guarantee.
- Minimum Group Size is 8 and Maximum Group size is of 30 members
- The Company (Rupitol Finance) can be 5th lender.
MICROLOANS TO CUSTOMERS IN RURAL AREAS.
We promote entrepreneurship among rural women by providing individualised financial solutions and enabling them to invest for business expansion. Individual microloans are distributed to rural women consumers in groups of 5 to 25 women, with each member of the group providing guarantee for the others.
- Member Age should be between 18 to 58 years
- Member residence should be within 1 KM in a center
- Centre should be created on JLG model only
- Member should have Income from Business, No Facility for Salaried
- All members should be aware of each other in name, income and business.