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Income Generation
Income Generation Loan (IGL)
Purpose: Investment in income generating activities. After four loan cycles, members can use the loan for acquiring assets, marriage and other ceremonies, repaying high interest debt, house repair and renovation, house mortgage and education
Eligibility Requirements: Successful application for Grameen Koota membership
Maximum Loan Size: Rs. 30,000
Repayment Period: 50 weeks
Service Charge : 10%
Loan Processing Fee: 2%
Collateral Requirement: nil
Emergency Loan (EL)
Purpose: Consumption
Eligibility Requirements: Members eligible after six months with Grameen Koota and in case of Loan (EL) emergencies such as death or hospital costs due to sudden illness, school fees, etc.
Maximum Loan Size: Rs. 1,000
Repayment Period: 10 weeks
Service Charge: nil
Loan Processing Fee: 3%
Collateral Requirement: nil
Supplementary Loan
Supplementary Loan (SPL)
Purpose: Enhancement or recuperation of business project.
Eligibility Requirements: Members who have utilized the IGL well or those who had a loss, but are regular in their attendance for atleast 25 weeks have demonstrated good trust worthiness and group characteristics
Maximum Loan Size: maximum Rs. 4,000
Repayment Period: 50 weeks
Service Charge: 10%
Loan Processing Fee: 2%
Collateral Requirement: nil
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