Income Generation Loan (Abhilasha)
Abhilasha stands for “Aspiration”. This loan is designed for economically active low-income households who aspire to improve their financial well-being.
This is the most dominant loan in our range of products; it majorly helps in driving financial inclusion of low-income clients, predominantly women. Option of Bi weekly repayments ensures that the clients can save little from their daily cash-flows and do not face repayment stress. Loans are used for cash flow smoothening, primarily for productive earning commitments.
The interest rates for this product is 10.26% to 14.42% flat, this translates into approximately Min 25.95 % to Max 25.96 % on annual declining basis. 1% is charged upfront towards processing fee.