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                                           HOW WE WORK





                                           Self Help Group [SHG]


* An SHG group is formed with 10-20 members [all women]
* Group has a Leader and a Treasurer.
* SHGs are formed with a broader vision of sustaining even without outside credit or support.
* Loans provided to economically backward & socially deprived poor to initiate/augment income generating activities of his/her own.

Loan Amount Tenure Instalment Interest Admin. Charge Security
Upto Rs 10,000/- [1st loan max.]
Max. Rs 50,000/- per member
3-6-12-18-24 months depending
on activity
Fortnightly 26% on reducing balance
as per RBI guidelines.
1%on loan amount as per
RBI Guidelines+ Service Tax
Nil


                                           Joint Liability Group [JLG]


* A JLG is formed with 5 members, preferably women, having similar income and cash flow.
* Group has no Leader or Treasurer
* A Centre with 5/6 JLGs is formed consisting of 25-30 members .
* Members are individually and jointly liable to each other.
* Loans provided to clients pursuing some livelihood generating activity but no access to bank/cash to initiate/augment income generating activity of his/her

Loan Amount Tenure Instalment Interest Admin. Charge Security
Upto Rs 10,000/- [1st loan max.]
Max. Rs 50,000/- per member
3-6-12-18-24 months
depending on activity
Fortnightly 26% on reducing balance as
per RBI guidelines.
1%on loan amount as per RBI
Guidelines+ Service Tax
Nil


          Entrepreneurship Development Loan (Individual Loan)[EDL]


* Loans provided to SHG/JLG clients with good repayment track record in the last two loan cycles shall be provided as EDL.
* Client to evince entrepreneurial ability.
* To initiate/augment income generating activity of his/her own.

Loan Amount Tenure Instalment Interest Admin. Charge Security
Upto Rs 10,000/- [1st loan max.]
Max. Rs 50,000/- per member
3-6-12-18-24 months
depending on activity
Fortnightly 26% on reducing balance as
per RBI guidelines.
1%on loan amount as per RBI
Guidelines+ Service Tax
Nil


          Micro Enterprise Loan(Individual Loan)[ME]


* Clients who have entrepreneurial skills having productive units, [men or women] are targetted
* Loans provided for income generating activity to good entrepreneurs with definite skills willing to start own enterprise/have any production unit of his/her own

Loan Amount Tenure Instalment Interest Admin. Charge Security
Upto Rs 10,000/- [1st loan max.]
Max. Rs 50,000/- per member
3-6-12-18-24 months
depending on activity
Fortnightly 26% on reducing balance as
per RBI guidelines.
1%on loan amount as per RBI
Guidelines+ Service Tax
Nil


          Training & Capacity Building

RGVN (North East) Microfinance Limited conducts different training programmes for clients in order to build their capacity for community development and awareness on various issues like health, sanitation, financial literacy, women empowerment, environmental risk management, sustainable livelihood generation etc. Besides, it has also been associated with EGM [Employment Generation Mission 2007] of Govt. of Assm, under which 680 youth have been trained on various enterprises as also skill upgradation.

          Insurance/Welfare Services

Alongwith the initiatives towards alleviation of poverty, efforts also have been made to save the investments, assets and future income of the member borrowers arising out of death or permanent or partial disablement. The insurance coverage has been designed in such a way that besides making the borrower free of his/her debt obligations also provide some additional amounts as relief to the deceased/handicapped family. With a tie-up with two Insurance Companies namely ICICI Prudential and New India Assurance Company. During the year viz. January to December 2010, the number of borrowers provided insurance cover was about 90,000.