Our Product and Services
Our products aim to create financial security and development in urban, Semi-Urban, Urban Slum and Rural economies through Self Help Groups and Joint Liability Groups Lending at the lowest possible interest rates.
Eligibility Criteria
- In SHG/JLG member should be a woman.
- The household income of members in rural area should be no more than Rs. 100,000/- per year and that in semi urban or urban area it should be no more that Rs. 160,000/- per year
- At least 2 years of residence in branch area of operations, Residence – 60kms within branch radius.
- Evaluation by a Sharan’s Branch Manager indicating acceptance to adhere to the company’s rules and regulations and show willingness and ability to pay regularly.
- One Loan per household at a time.
- Members are not enrolled who have borrowed from more than 2 MFIs (or) have loan amount greater than Rs.100000/-
- Business model provides for migrating of SHG/JLG borrowers to Enterprise Lending borrowers.
| Loan Products | Types of loans | Purpose | Loan term/ Duration | Loan size |
|---|---|---|---|---|
| IGP Loans (Income Generation program loans) | JLG | Income Generation | 18 to 24 months | Rs. 25K to 1Lac |