Micro Loan

A Micro Loan is a small-sized loan facility provided by Janakalyan Thrift & Credit Co-operative to support individuals, small entrepreneurs, and low-income households in meeting their short-term financial needs. Micro loans are designed to promote self-employment, small-scale business activities, and financial inclusion for members who may not have access to traditional banking credit.

Benefits of Availing Micro Loan from Janakalyan Thrift & Credit Co-operative:

• Easy and quick access to credit for small financial needs

• Minimal documentation and simple process

• Helps promote self-employment and income-generating activities

• Encourages financial independence and entrepreneurship

• Affordable interest rates and flexible repayment

How the Loan Amount is Determined:

The loan amount is determined based on the member’s income level, repayment capacity, and purpose of the loan. Micro loans are typically small-ticket loans, ensuring easy repayment.

What is the Tenure of Micro Loan Provided by Janakalyan Thrift & Credit Co-operative:

The tenure of a micro loan generally ranges from 6 months to 24 months, depending on the amount borrowed and repayment ability.

What is the Maximum Loan Amount that I Can Take:

Members can avail a micro loan up to a predefined small limit as per the co-operative’s policy, typically designed to cover immediate financial needs or small business requirements.