Samasta Micro Finance
 
Loans

Our product line is carefully designed to meet our customers needs. We deliver them efficiently through innovative processes.
Samasta provides necessary support to customers through training sessions and financial literacy programs. We also track utilisation of loans and provide timely guidance to customers.

Group Loans

Income Generation Loan (IGL)
Lack of capital prevents low income communities from increasing their income through entrepreneurship. Through income generation loans, Samasta Microfinance empowers women and promotes self-reliance by giving them access to capital to set up or grow micro enterprises. Income generation loans are designed to meet a variety of needs like increasing working capital, buying inventories or supplies, purchasing of machinery or equipment and even providing start-up capital for new businesses.
Income generation loans are given to joint liability groups where group members provide guarantee for each other. These loans can be availed in several cycles.

Lending Model: JLG
Loan Amount: Rs. 10,000 - 40,000
Tenure: 1-2 years
Rate of Interest:22.5% p.a. (reducing balance)
Repayment Frequency: Fortnightly/Monthly
Processing Fee: 1%

Top Up Loan
This is an additional amount given to customers with existing business loans. Through this, IGL customers having good repayment history are given an opportunity to access more cash to meet events that could put the continuity or effectiveness of the income generation activity at risk.

Lending Model: JLG
Loan Amount: Rs. 10,000 - 15,000
Tenure: 1 year
Rate of Interest: 22.5% p.a. (reducing balance)
Repayment Frequency: Fortnightly/Monthly
Processing Fee: 1%

Education Loan
Education is the most powerful tool to promote economic growth and improve quality of life. Samasta provides education loan to enable our customers meet educational requirements of their children.

Lending Model: JLG
Loan Amount: Rs. 10,000-15,000
Tenure: 1 year
Rate of Interest: 22.5% p.a. (reducing balance)
Repayment Frequency: Fortnightly/Monthly
Processing Fee: 1%

Consumer Products Loan
Consumer Products Loan is designed to improve the quality of our customers lives by giving them access to life-enhancing products like cook stoves, pressure cooker, mixer grinder, water purifier, solar lights and mobile phone.

Lending Model: JLG
Loan Amount: Rs. 2,700 - 7,790
Tenure: 9 months - 1 year
Rate of Interest: 22.5% p.a. (reducing balance)
Repayment Frequency: Fortnightly/Monthly
Processing Fee: 1%

Individual Loans

Dairy Cattle Loan
Samasta Microfinance’s Dairy Cattle Loan caters to the dairy development activities of the customers such as purchase of new cattle to increase their income level. Dairy Cattle Loan is given to women involved in dairy activities. We provide insurance coverage along with this loan to mitigate risk.

Lending Model: Individual
Loan Amount: Rs. 50,000
Tenure: 2 years
Rate of Interest: 22.5% p.a. (reducing balance)
Repayment Frequency: Monthly
Processing Fee: 1%

Sampark (MSME Loan)
Micro, Small, Medium Enterprises (MSME) are critical to the economical and social development of a country. They play a prominent role in creating employment opportunities and generating income for the base of the pyramid. Samasta Microfinance’s MSME loan Sampark is designed to promote MSMEs by allowing hassle-free credit access.

Lending Model: Individual
Loan Amount: 1 lakh - 5 lakh
Tenure: 2 - 5 years
Rate of Interest: 22 - 24% p.a. (reducing balance)
Repayment Frequency: Monthly
Processing Fee: 2%

 
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