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  • Microfinance

Microfinance



Microfinance

Basic principle of lending states that “right amount of credit disbursed at appropriate time” is the most user-friendly loan for the borrower. Following on this theory, GBK has designed various loan products suitable to needs of its clients. Its aim has always been to design products that best address the challenges faced by poor members. All loan products of GBK have the following common
features:

  1. Comfortably priced loan products compared to other available sources,
  2. Available within 1 week of submission of loan application,
  3. Options of easy repayments weekly/fortnightly/monthly,
  4. Door-step collection,
  5. One time attendance at nearest branch office for disbursal of each cycle of loan,
  6. No collaterals,
  7. Margin free.

Name of Product

Maximum  Loan

Repayment Tenure

Rate of Interest % (Reducing)

Processing Fees

Risk Premium

Purpose

General Loan-VI

30,000

1 Year

 25.77%  1.00%  0.60%

Business (IGP)

General Loan-VII

25,000

1 Year

 25.96%  1.00%  0.50%

Business (IGP)

General Loan - IX

30,000

1 Year

 25.68%  1.28%  0.60%

Business (IGP)

Medical Loan

5,000

1 Year

 9.94%

nil

nil

Medical Need

Educational Loan

5,000

1 Year

 9.94%

nil

nil

Educational Need

Solar Energy Project Loan (SEP)

5,500

1 Year

 25.96%  1.28%  0.60%

Solar Equipment

Hygienic Project Loan (HLP)

15,000

2 Years

 20.98% 1.28%  0.60%

Sanitary Latrine

Build- up

Amrit Bari  Project Loan (ABP)

3,000

1 Years

 20.98%  1.28%  0.60%

Arsenic Free Water

 

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