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 Loan Product
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Chhimek Bikas Bank has run mainly three types of loan product and other loan products under the micro credit program. Short descriptions of all loan products are mention below.
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a) General Loan |
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The bank provides this loan to its group member for the first time up to Rs. 1,000/- to Rs. 25,000/- without collateral security.
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b) Discipline Loan | |
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Under this loan heading, the bank provides maximum up to Rs. 60,000/- including General loan only to its member who are disciplined and has completed the one loan cycle profitably.
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c) Micro Enterprise loan
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The bank provides from Rs.60000 to Rs. 1, 50,000/- to the member who have completed Micro Credit loan cycle fruitfully and who are willing to extend their business. | |
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d) CGISP Loan
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The bank provides this loan product to the Water User group & individual for the irrigation purpose under the Community Ground Irrigation Sector Project. Under this project, the bank invests upto 90% of total loan amount of the project.
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e) Unit House Loan
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Under this loan heading every unit can get from Rs. 1,000/- to 50,000/- loan amount in a very low rate of interest (10%).This loan product is created to make easy for building the unit house which is very necessary to conduct the monthly meeting and to interact among the group member.
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f) Consumer Loan
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The bank finances the old and disciplined member up to Rs. 40,000 in 0% interest rate for purchasing television, Refrigerator, Computer to promote their business.
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g) Alternative Energy
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To help in the health of the member & environment, the bank started this loan product for Bio Gas Plant, Water Mill, Solar energy etc.
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