The primary objectives of the Company is to provide attractive deposits and credit delivery services to individuals, micro, small and medium enterprises which would otherwise be ignored by banks and other financial institutions.
The long term objectives of the Company are to assist small savers and borrowers to improve the quality of their life through the creation of wealth and again help them to increase their financial resources.
This loan package is designed for salary workers. The amount granted depends on the debt servicing ratio of the customer. The DSR should not exceed 40% and the loan tenor is maximum of 24 months.. Employer undertaking is also required to ensure that deduction is made at source and paid to the institution in due time. The interest rate for this package is 5.5% monthly and acceptable Collateral includes employer undertaking, Credit Insurance, Post-dated cheques, etc.