Loans for Individuals
The main focus of Janalakshmi’s retail lending is microfinance, but in recent years we’ve expanded this offering to include five different kinds of retail loans.
Small Batch Loans
This is a core product through which we meet the credit needs of several lakh underserved households. A small batch loan is provided to individuals in a group comprising a minimum of five and a maximum of 25 women, where each guarantees the other. This structure has five loan cycles. After completion of each, a customer can borrow the same amount or move on to the next level.
This individual business loan allows budding entrepreneurs to finance working capital and to invest in equipment. The Nano loan is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.
Home Improvement Loans
Many of our customers construct homes slowly and ‘incrementally’ over time, in keeping with their needs and the availability of resources. The home improvement loan speeds up this process of minor improvements, extensions, repairs and renovations. The product is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.
Jana Kisan Loan
This loan is offered to small and marginal famers, as well as to leased land cultivators, for capital formation and enhancement of farm productivity. The loan covers agricultural and allied activities such as dairy farming, vegetable cultivation, sericulture, poultry, and maintenance of tractors and other farm machinery. It is offered through our rural and semi-urban branches.
A school-going child’s tuition fee; admission, exam and library fees; purchase of text books, uniforms and other
school-related material are covered by the education loan. This product is offered to all existing small batch loan members.