Groups Loans to JLG’s

dMatrix provides Microcredit to women Joint Liability Groups (JLGs-members provide mutual guarantee of group members as a collateral) who are involved in doing some income generating activity like Agri-allied, Trading, Services and manufacturing etc.

Loan Product-

Product Name :- Income Generating Loan (IGL)
Delivery Area :- Rural
Size :- Rs 5000 - Rs 25,000
Duration :- 12 months - 18 months
Interest Rate :- 26% reducing
Charges :- 1% of loan amount as processing charges
Repayment Frequency :- Monthly