Products & Services
Janalakshmi's mission is to emerge as a full scale financial services provider for the Indian sub prime sector. The sector includes the urban poor as well as the larger segment that has difficulty accessing financial services.
Those in the sub prime sector have to make do with informal credit (from money lenders, pawn brokers etc.), paying interest rates as high as 10% per day. They have poor savings instruments and minimal coverage of other financial products like insurance and integrated services.
Janalakshmi has built a suite of financial products encompassing credit, savings, and insurance for the needs of our customers.
| Product Name | Product Type | Product Summary |
| Large Group Loans | Credit | All purpose loans to a group of 15, where loan is given to the group and all members as a whole are liable |
| Small Group Loans | Credit | All purpose loans to groups of 5, where loan is given to individuals in the group, and each member guarantees the other loans |
| General Purpose Loans | Credit | Loans to satisfy consumption needs |
| Enterprise Loans | Credit | Loans to support income generating activities |
| Education Loans | Credit | Loans to support tuition and related education expenses |
| Emergency Loans | Credit | Loans to support emergency financial needs of JFS customers |
| Post Office Savings Bank Account | Savings | Savings bank account for all Janalakshmi customers through tie-ups with India Post across all branch locations |
| Janashree Bhima Yojana | Micro Insurance | Life insurance protection under LIC's Janashree Bheema Yojana at a minimal premium of Rs. 100 per annum. |
| Micro-Pensions | Retirement Planning | Mutual fund to generate retirement income through partnership with UTI AMC and IIMPS. |
| Micro-Savings | Savings | Recurring savings account through partnership with UTI AMC and IIMPS. |
| Value Added Services | Service | Discount service on healthcare needs through partnership with MedPlus. |