Micro-credit by itself is helpful for the more enterprising poor members in economically dynamic areas.Less enterprising poor hoouseholds neen to start with savings before they can benefit from micro-credit,beacause they need to cope with risk.To offer these services in a cost-effective manner,it is not possible work with poor households individually and they need to be organized into groups,informal associations and sometimes co-operatives or producer companies.The formation of such groups and making them function effectively, requires society developement services.
Microfinance started with the recognition that poor people had the capability to lift themselves out to poverty if they had access to affordable savings and loans.. with the right opportunities,the poor have proved themsekves to be productive and capable oof borrowing,saving and repaying,even without collateral.
Provides self-employed women financial asistance to support their business enterprises,such as raising livestock,running local retail shops called kirana stores,providing tailoring and other assorted trades and services.
NAVYUG india serves thousandsof poor women across village and urban slums. We have achieved this scale through an innovative combination of using a for non-profit model, drawing on best practices from the business world and deploying technology.We are using the channel that we have created to providea full range of financial service to the poor members.by providing the poor this range of economic tools,we are lookimg forward to the eradication of poverty.
1. NAVYUG INDIA Micro Loan (Income Generation)- Loan range from Rs. 5,000 to Rs. 10,000 for the first loan;subsquentlyloan amounts determined by past credit history and increased each in set increments up to a maximum limit as decided by the company
2. Term of the loan is 50 weeks with principal and interest payments due on a monthly basis
3. There are times when we need certaininformation from you to respond to request and to authenticate you identity when you register for online account information access.
1. NAVYUG INDIA Loan (Income Generation)-Loans range from Rs. 5,000 to Rs. 10,000 for the first loan; subsequently loan amounts determined by past credit history and increased each in set increments up to a maximum limit as decided by the company.
2.Term of the loan is 50 weeks with principal and interest payments due on a monthly basis.
3.There are times when we need certain information from you to respond to requests and to authernticate your identity when you register for online account information access.
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