| Credit (Loans) |
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IDF FSPL believes in diversity of credit needs of our clients. Hence we have customized loans that cater to different segments and different needs of the people. Besides meeting investment & consumption credit needs, IDF FSPL supports the members with short term emergency loans as well.
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| The loan products matrix that is in vogue is as under: |
| Client |
Term |
| Short Term |
Medium Term |
| SHG |
Emergency loan, 12 months |
12-24 months |
| Farmer loans |
12-15 months |
| NGO |
12-24 Months |
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SHG Loans
Loans are provided to SHGs as general-purpose loans. The SHGs will on lend to their
members for the following purposes.
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| Productive Purposes |
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Setting up/expansion of Micro Enterprises, service and business activities, Agri input purchasing, animal husbandry activities, etc, |
| Consumption Purposes |
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Children education, health care, repayment of past debts, religious functions |
| Asset Creation |
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Purchase of consumer goods, bicycle, repair of house/purchase of site |
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| Loan Terms |
Products |
| I Cycle |
II Cycle |
III Cycle |
Emergency Loan |
| Max Loan Amount in Rs |
Rs. 10000 per SHG member |
Rs.10000- 15000 per SHG member |
Rs. 15000-25000 per SHG member |
80% of the amount saved by the SHGs members with their federation |
| Repayment Period in months |
12 |
12 |
24 |
6 Months |
| Rate of interest in % for (groups other than Bangalore) |
22% |
22% |
22% |
0% |
| Rate of interest in % for (groups in Bangalore) |
24% |
24% |
24% |
0% |
| Service Charge % upfront. |
1% |
1% |
1% |
Nil |
| Other terms and conditions: |
5% of the amount of loan is collected as upfront on emergency loan. |
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* Rates effective from 01st April 2011.
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NGO- MFI Loans
IDF FSPL provides loans to small start up NGOs or MFIs for on lending to SHGs/JLGs. However this facility is offered on a selective basis. |
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| Loan Terms |
| Max Loan Amount in Rs |
25,00,000 |
| Repayment Period in months |
12-24 |
| Rate of interest in % |
19% |
| Service Charge in % of sanctioned amount – Up front |
1% |
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| It is a fundamental operational unit consisting of 10-15 members belonging to a given locality and having homogenous socio-economic background.Read more.. |
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- Handling investment
portfolio for SHG savings.
- IDF SHG Federations will recommend disbursal
of emergency loans to
the extent of SHG
savings from IDF FSPL
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| Read more... |
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