Microfinance Group Loan – A Complete Guide

Microfinance Group Loan kya hai? Iske benefits, eligibility, process aur repayment system ko detail me samajhiye. Rural aur low-income families ke liye yeh loan kaise help karta hai, jaane yaha.

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Introduction

Aaj ke samay me financial inclusion sabse bada challenge hai, specially rural aur semi-urban areas me. Microfinance Group Loan ek aisa model hai jisme chhote groups banakar low-income families ko loan provide kiya jata hai, taaki woh apna chhota business, self-employment ya emergency needs pura kar sake.

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What is Microfinance Group Loan?

• Microfinance Group Loan ek aisa collective lending system hai jisme 5–10 log ek group banate hain.

• Group ke members ek dusre ke loan ke liye joint liability ban jaate hain.

• Agar ek member repayment nahi karta, toh pura group zimmedar hota hai.

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Features of Microfinance Group Loan

• Small Ticket Size Loan – ₹10,000 se ₹50,000 tak.

• No Collateral Required – Security deposit ki zaroorat nahi.

• Group Responsibility – Saare members ek dusre ke liye guarantee dete hain.

• Weekly/Monthly Repayment – Easy installment system.

• Financial Discipline – Regular meetings aur savings habit develop hoti hai.

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Eligibility for Microfinance Group Loan

1. Age: 18–60 years.

2. Applicant ke paas regular income source ho (small business, agriculture, daily wage etc.).

3. Ek group me minimum 5 members aur maximum 10 members.

4. Koi bhi member defaulter nahi hona chahiye.

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Documents Required

• Aadhaar Card

• Voter ID / Ration Card

• Address Proof

• Income Proof (agar available ho)

• Group Agreement Form

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Microfinance Group Loan Process

1. Group Formation – 5–10 log ek group banate hain.

2. Training/Orientation – NGO ya Microfinance Institution (MFI) members ko loan ke rules samjhati hai.

3. Loan Application – Group ke through application diya jata hai.

4. Loan Disbursement – Amount group ke members ke accounts me transfer hota hai.

5. Repayment – Weekly/Monthly basis par installment collect hota hai.

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Benefits of Microfinance Group Loan

• Women Empowerment (zyadatar loans women SHGs ko diye jate hain).

• Poverty Reduction.

• Entrepreneurship Promotion.

• Financial Awareness & Saving Habits.

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Challenges in Group Loan

• Peer Pressure (agar koi member repay nahi kare).

• Over-Indebtedness (multiple loans lena).

• High Interest Rate (20%–26% tak).

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Conclusion

Microfinance Group Loan rural aur low-income families ke liye ek strong tool hai jo unhe financial support aur self-employment ke opportunities deta hai. Lekin isme discipline aur group coordination sabse important factor hai.

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FAQs

Q1. Microfinance Group Loan ka interest rate kitna hota hai?
👉 Usually 20%–26% tak hota hai, institution ke hisaab se.

Q2. Kya group loan ke liye collateral dena padta hai?
👉 Nahi, isme koi collateral nahi hota.

Q3. Kaun group loan ke liye apply kar sakta hai?
👉 Low-income families, women SHGs, daily wage earners, chhote shopkeepers etc.

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S.No	Company Name	HQ Location	Focus / Loan Type
1	CreditAccess Grameen Ltd	Bengaluru	JLG Microfinance Loans
2	Spandana Sphoorty Financial Ltd	Hyderabad	Women Group Loans
3	Muthoot Microfin Ltd	Kochi	Rural Microloans
4	Bharat Financial Inclusion Ltd (BFIL/SKS)	Hyderabad	JLG Loans
5	Equitas Small Finance Bank	Chennai	Micro + SME Loans
6	Ujjivan Small Finance Bank	Bengaluru	Low-income Microloans
7	Jana Small Finance Bank	Bengaluru	Group + Individual
8	ESAF Small Finance Bank	Thrissur	SHG Loans
9	Fusion Microfinance Pvt Ltd	Gurugram	JLG Loans
10	Annapurna Finance Pvt Ltd	Bhubaneswar	SHG/JLG Loans
11	Asirvad Microfinance Ltd	Chennai	JLG Loans
12	SV Creditline Pvt Ltd (SVCL)	New Delhi	Rural Microloans
13	Arohan Financial Services Ltd	Kolkata	Eastern India Loans
14	Grama Vidiyal (IDFC Bharat)	Tiruchirappalli	SHG Loans
15	Saija Finance Pvt Ltd	Patna	Group Loans
16	Samasta Microfinance Ltd	Bengaluru	Women Microloans
17	Midland Microfin Ltd	Jalandhar	Agri Microloans
18	Satya MicroCapital Ltd	New Delhi	JLG + Individual
19	Belstar Microfinance Ltd	Chennai	SHG Loans
20	Light Microfinance Pvt Ltd	Ahmedabad	JLG Microloans
21	Chaitanya India Fin Credit Pvt Ltd	Bengaluru	JLG + MSME
22	Dvara KGFS	Chennai	Rural Finance
23	Future Financial Services Ltd	Hyderabad	Group Loans
24	Grameen Koota (GFSPL)	Bengaluru	Rural Microloans
25	Sindhuja Microcredit Pvt Ltd	Lucknow	SHG Loans
26	Sonata Finance Pvt Ltd	Lucknow	JLG Microloans
27	Satin Creditcare Network Ltd	New Delhi	Microfinance Loans
28	Shikhar Microfinance Pvt Ltd	New Delhi	Group Loans
29	Margdarshak Financial Services Ltd	Lucknow	Rural Finance
30	Navachetana Microfin Services Pvt Ltd	Dharwad	SHG Loans
31	Grameen Development & Finance Pvt Ltd	Guwahati	Assam Region Loans
32	ASA International India Microfinance Ltd	Kolkata	Group Loans
33	Village Financial Services Ltd (VFS)	Kolkata	SHG Loans
34	M Power Microfinance	Mumbai	Women Empowerment Loans
35	Adhikar Microfinance	Bhubaneswar	Odisha Rural Loans
36	Utkarsh Small Finance Bank (Ex-Utkarsh Microfinance)	Varanasi	Group Loans
37	Fincare Small Finance Bank (Ex-Disha Microfinance)	Bengaluru	JLG Loans
38	Hindustan Microfinance Pvt Ltd	Mumbai	Rural Poor Loans
39	Al Amal Microfinance	Kerala	SHG Loans
40	NEEDS Microfinance Pvt Ltd	Patna	Women JLG
41	ASA Microfinance India	Kolkata	Rural Women
42	Suryoday Small Finance Bank (Ex-MFI)	Navi Mumbai	Microloans
43	RGVN (North East) Microfinance Ltd	Guwahati	North East Loans
44	Sahyog Microfinance	Haryana	Group Lending
45	Mimo Finance	Uttarakhand	Rural/Small Biz Loans
46	Believer Microfinance	Jharkhand	SHG Finance
47	Annapurna Mahila Mandal	Maharashtra	Women SHG Finance
48	Rashtriya Gramin Vikas Nidhi (RGVN)	Assam	SHG Loans
49	Pragati Microfinance	Uttar Pradesh	Group Loans
50	SHARE Microfin Ltd	Hyderabad	Rural SHG Loans