Grama Vidiyal Micro Finance Ltd. is a renowned and one of the largest microfinance institution in India. It serves one million households in 5 states of India. It offers dedicated service to its customers and it has disbursed Rs.18 billion for various income generating activities. Its outstanding loan portfolio stands at Rs.6 billion. Grama Vidiyal Micro Finance Ltd. has 5 types of credit and credit-plus products. The main mission of Grama Vidiyal Micro Finance Ltd. is to empower women of the poorest families through efficient poverty alleviation and microfinance program. Their main objective is to eradicate poverty and improve standard of living of downtrodden women. Grama Vidiyal Micro Finance Ltd offers products and services with effective planning and technology to achieve their customer’s utmost satisfaction through continuous improvement.
Grama Vidiyal Micro Finance Ltd offers the following financial products:
Grama Vidiyal Micro Finance Ltd has very stringent monitoring systems to ensure that the loan amount is being utilised for the income generating activity that it was sanctioned for.
The loan is offered after taking into consideration of the proposed business activity and the previous repayment history of the client.
The member must show 100% compliance to the policies and procedures that is laid down by Grama Vidiyal Micro Finance Ltd.
The Grama Vidiyal Micro Finance Ltd has established a high degree of screening. They offer loan after taking into consideration of the cash flow of the proposed business activity and the previous repayment history of the client.
The member must have completed 3 cycles of General Loans during continuous association with the program.
Grama Vidiyal Micro Finance Ltd currently offers interest rate at 26% as per the revised RBI guidelines.
Note: The interest rate is subject to change at the discretion of Grama Vidiyal Micro Finance Ltd.
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