Group Lending
Servitium provides loan to the economically backward or underprivileged section of the society. It provides loan to individual groups through SHG consisting of average 20 women. The loans are given for income generating activities like trading, handicrafts, livestock, agriculture and alike. It helps in uplifting the standard of living, further, contributing directly or indirectly to the GDP of the country. There are two type of loans which are disbursed under this category.
| NAME OF PRODUCTS | PURPOSE | GROUP SIZE | RE-PAYMENT COLLECTION | LOAN AMOUNT | LOAN TENURE | MINIMUM INTEREST RATE (%) | MAXIMUM INTEREST RATE (%) | AVERAGE RATE OF INTEREST (%) | LPF (ON LOAN AMOUNT) | INSURANCE FEE (P/A) |
|---|---|---|---|---|---|---|---|---|---|---|
| SUJALA | INCOME GENERATING LOAN | 10-30 | FORTNIGHT | UP TO 40,000 | 12-18 MONTHS | 27.50% | 27.50% | 27.50% | 1.50%+GST | AT ACTUAL |
| SRIJAN | INCOME GENERATING LOAN | 10-30 | FORTNIGHT | 45,000 - 60,000 | 12-18 MONTHS | 27.50% | 27.50% | 27.50% | 1.50%+GST | AT ACTUAL |
| NIRMAL DHARA | SANITATION LOAN | 10-30 | FORTNIGHT | 30,000 - 50,000 | 12-15 MONTHS | 27.50% | 27.50% | 27.50% | 1.50%+GST | AT ACTUAL |
| UNITY SFB BC SARAL LOAN | INCOME GENERATING LOAN | ------ | MONTHLY | 60,000-1,00,000 | 24 & 36 MONTHS | 28.00% | 28.00% | 28.00% | 3.00%+GST | AT ACTUAL |
| MICRO GOLD LOAN | PERSONAL / BUSINESS | ------ | MONTHLY | 10,000 – 2,00,000 | 3/6/9/12 MONTHS | 25.00% | 26.00% | 25.50% | 1.00+GST | --------- |