GMF is providing loan for micro-enterprises such as working capital existing enterprise, start-ups, like tailoring shop, grocery shop, vegetable vendors, fruit vendors, artisans, herbal products, push cart vendors, pickle making etc.
Clients
Women in Joint liability groups
Ticket size
Rs.20, 000/- – Rs.1,00, 000/-
Loan tenure
12 months – 36 months
Rate of interest
11 % to 18 % (depends on the banks) reducing balance
Security
Unsecured loan
Insurance
All movables of the unit will be insured as per norms. Customer insurance is compulsory
Training
Training is essential for all income generated activities.
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.