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
Never before in this Segment
First of its Kind
Our MSME Loan product is
innovative and unique for this segment
and is customized to upgrade
our microfinance customers who have
higher loan needs and repayment capacities.
Pre Approved Loans
Our MSME Loans are pre-approved for
Svasti Microfinance customers
who have a good repayment
history and want larger loan amounts for
business or other productive purposes.
Not for Public
By Invitation Only
Svasti MSME Loans are offered
by Invitation, as an upgrade
to existing Svasti Microfinance
customers with a good repayment
history, and need and capacity for
higher loan amounts.
Click to get the details in a PDF.