How Microfinance Creates New Paths for Women’s Growth and Success

How Microfinance Creates New Paths for Women’s Growth and Success

Rural women in India have faced discrimination and less financial independence for a long time. Even though banks are present in remote regions, these women are not able to access proper financial services since they don’t have the required documents and lack formal education. Microfinance institutions assist women in rural parts of our country by providing small amounts of credit. Chaitanya is a microfinance bank in Jharkhand that focuses on improving the lives of such women by providing loans and helping them start their own businesses.

We Provide

We Provide

Group Lending

Group Lending

Our women’s group loan is designed to help women from economically backward regions of India. We start by forming Joint Liability Groups (or JLGs) and provide training to the members. We then conduct quality checks and disburse the credit amount. Each member of this group is responsible for repaying their loan.

Retail Loans

Retail Loans

As a prominent microfinance company in India, we also provide retail loans to help women borrow money for household or personal needs. We offer retail loans because the amount of JLG loans might not always work as intended. This way, women can avail individual loans and use them to improve their families.

Understanding the Microfinance Lending Process

Understanding the Microfinance Lending Process

Women in rural areas can access micro-credit with our streamlined process. Chaitanya provides micro financing in Jharkhand by forming a joint liability group. Our staff will train women in these groups and continue the next process, which is conducting a quality check, where we asses their repayment history, creditworthiness, and other factors, we then disburse the amount of the loan and collect payment in installments, either weekly, biweekly or monthly.

Group loan microfinance benefits

Group loan microfinance benefits

  • Women can access loans with reasonable interest rates.
  • Borrowers of the loan have a flexible repayment option.
  • With our micro finance loan in Jharkhand, women can fund their small businesses
  • Micro group loans help build women’s status in rural areas.
  • Local businesses and education for girl children will improve with micro loans
  • Women can gain financial freedom by earning from their businesses and providing for their families.

Frequently Asked Questions

Frequently Asked Questions

If you have borrowed a micro loan from us but are not able to repay it in time, we may charge a late fee and add it to the total repayment amount.
We provide microfinance group loan to help increase the income-earning capabilities of women in rural communities in India. Our loans have helped many women gain financial stability and independence, which has improved their lives.