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    Humana People to People India Microfinance

    Overview about Humana People to People India Micro Finance

    Humana Microfinance provides loans to women members in poor rural regions of India for a range of income-generating activities with the objective of eliminating poverty. The microfinance institution serves thousands of poor women across hundreds of villages in India. The institution delivers financial credit to poor women through the Joint Liability Group/Self-Help Group system.

    Purpose of Humana People to People India Micro Finance

    Humana People to People India provides unsecured loans to women in poor rural regions of the country in order to help them generate income through various activities such as animal husbandry or small scale businesses.

    Eligibility Criteria for Humana People to People India Micro Finance

    Borrowers who wish to avail the loan facility from Humana People to People India Microfinance, should fulfil the following criteria:

    • Women from rural areas
    • Should belong to the Joint Liability Group (JLG) or Self-Help Group (SHG) system
    • Should undergo training in financial literacy provided by the microfinance institution and pass the test

    Features of the Microfinance provided by Humana People to People India

    Here are some of the salient features of Humana People to People India Micro Finance:

    1. No of Villages Covered - 977
    2. No of Groups ( JLG) - 13,000
    3. No of Members - 59,947
    4. No. of Active Borrowers - 32,003
    5. Amount of Loan Disbursed (Cumulative) in crores - Rs 177.3
    6. Portfolio at Risk > 30 Days - 0.42%
    7. Loan Outstanding in crores - Rs 45.01
    8. Repayment rate - 99.70%
    9. Average Loan Size - Rs 21,076

    Documents required for Humana People to People India Micro Finance

    Humana People to People India Microfinance requires the following documents in order to verify before approving the loan:

    • Identity Proof: A proof of identity such as Aadhaar card, voter’s id, PAN card, etc., issued by a competent and legitimate government authority.
    • Address Proof: Any proof of address that contains the borrowers’ names and is issued by a competent and legitimate government authority. Could be voter’s id, telephone/electricity bill, or gas bill (attested), etc.
    • The bank may also require other documents on an individual basis after assessment of the borrower. This, however, will be declared on the financial institution’s discretion.
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