Svasti Microfinance Loans

Leveraging the Power of Five!

Svasti's Joint Liability Group (JLG) Microfinance Loans are given to groups of women between the ages of 18 and 55, who live within a kilometer of each other, know each other well, and will stand guarantee for each other.

Five such women can get together and apply for a Microfinance Loan, for productive purposes, like starting a small business, expanding an existing business, or any other small-business related reasons. They must own a house or have lived in the area for at least 3 years.

All they need to provide as documentation, is identity and address proof, as per the KYC norms of Reserve Bank of India and the Microfinance Institutions Network (MFIN).

The Loan Origination Process

Svasti Microfinance Loan Origination Process

Quick Loan Approval
On-the-spot Status

The loan-approval process for Microfinance
Loans from Svasti is simple, transparent,
and requires minimum documentation
and is communicated on the spot,
using smart technology.

 

Simple Process
Minimal Documentation

Applicants who fulfill KYC
requirements, and have a
group guarantee, get an on-
the-spot indication of their
loan approval status.

Doorstep Service
Easy Disbursement &
Repayment

Disbursement aside, all interactions
between Svasti and its customers take
place at the residence or
workplace of the customers.

Microfinance Loans

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