Health Loan:
Bandhan now extends emergency health loans to its borrowers. The health loan is one of the components of its newly started health program. The first health loan was disbursed in February 2007. The purpose of this health loan product is to address the emergency health needs of the poor and their families (the borrower, her husband and her children can avail the loan).
Eligibility:
- Any member who has completed two loan cycles
- Past record of the member
- Behavior and relation with the group members
Loan Size and other conditions:
- Loan size varies between Rs. 1,000-5,000
- Tenure of health loan is one year
- Repayment structure is flexible – either monthly or weekly
- The regular repayment will follow after 2 weeks from the date
of disbursement of loan amount
- Interest rate is 10.00% (lower than the our core product)
Click on the link to view:
An introduction to Bandhan video |
