GMF is providing loan for buying consumer durable products like LED TVs, refrigerator, inverter with batteries, air conditioner, washing machine, kitchen items etc.
Clients
Women in Joint liability groups
Ticket size
Rs.20, 000/- – Rs.50, 000/-
Loan tenure
6 months – 12 months
Rate of interest
15 % to 25 % (depends on the financial institutions) reducing balance
Security
Unsecured loan
Insurance
Customer insurance is compulsory
Eligibility
Good credit score from Highmark and CIBIL
About Us
GMF – Gramalaya Microfin Foundation is a non-profit organization registered as a Section 25 company founded in the year 2011 with the objective of eradicating poverty through livelihood promotion activities through increased access to financial services.