Livelihood activity
Tailoring, dairy, petty trade, food processing and other home-based enterprise.
குழு கடன் / சுயஉதவிக் குழு கடன்
Group / SHG Loan
Credit built on the oldest security there is — people who know each other.
Overview
Group lending is where micro finance began, and it still works for the same reason: a group of members who save together, meet regularly and stand behind one another is a better credit than any single document. This is our most accessible product and, for many members, the first formal loan of their lives.
We lend to self-help groups and joint-liability groups whose members have been meeting and saving regularly. The group takes collective responsibility for repayment, individual amounts stay small, and instalments are collected at the group meeting rather than at a branch counter.
The purpose of this product is not only credit. Regular saving, a written account every member can inspect and an instalment met on time build the thrift habit and the repayment record that later open the door to a larger individual loan. Several of our members graduate that way, and that is exactly the intention.
No individual collateral
The group guarantee stands in place of security, so members without assets can still borrow.
Doorstep collection
Instalments are collected at the group meeting, saving a trip and a day's wage.
Small, frequent instalments
Weekly or fortnightly amounts sized to a daily-earning household.
A path to bigger credit
A clean group record builds the history that supports an individual loan later.
Common uses
What members use this loan for
Small trade
Stock for a vegetable stall, a provision counter or a weekly market pitch.
Household needs
Education fees, house repairs and other essentials, repaid in small instalments.
Before you apply
Eligibility & documents
Final eligibility is always confirmed after appraisal, as per prevailing Government norms.
Who can apply
- A formed group of members meeting and saving regularly
- Members ordinarily resident in the same locality
- Members generally aged between 18 and 60
- Group records of savings and meeting attendance
- Willingness of members to accept joint liability
Documents to keep ready
- Aadhaar of every member
- Recent photograph of every member
- Group savings passbook or register
- Group resolution requesting the loan
- Address proof for the group's locality
- Bank account details of the group, where applicable
Plan your instalment
Estimate your EMI
The sliders start at a typical figure for this product. Move them to match your own plan.
₹10,000₹1 Cr
6%26%
6 months20 years
Monthly EMI
₹0
Principal₹0
Total interest₹0
Total payable₹0
Instalments0 months
Indicative only. Rates shown are illustrative and are not an offer. Your actual rate, fees and eligibility are confirmed at sanction as per Government norms.
Apply with these figures
Questions
Group / SHG Loan — frequently asked
How many members does a group need?
Group size follows the norms for self-help and joint-liability groups. Our field officer will confirm the applicable number and help a new group form correctly.
What happens if one member cannot pay?
The group covers the shortfall in that instalment — that is what joint liability means. In practice, groups usually settle it internally, which is precisely why the model works.
Can our group borrow again after repaying?
Yes. A group with a clean repayment record is normally eligible for a larger subsequent cycle.
Do you charge for group formation or training?
No. We do not charge members for forming a group, for training or for meetings. Any charge on the loan itself is disclosed in writing.
Ready to apply for your group / shg loan?
Send us your details and a member of our team will call you back to confirm eligibility and the exact documents you need.