Micro finance
Reaching the unreached (Micro Loan a livelihood promotion from Bhavishya Jyoti Nidhi Limited
Micro-credit by itself is helpful for the more enterprising poor members in economically dynamic
areas. Less enterprising poor households need to start with savings before they can benefit from
micro-credit, because they need to cope with risk. To offer these services in a cost-effective
manner, it is not possible to work with poor households individually and they need to be
organized into groups, informal associations and sometimes cooperatives or producer companies.
The formation of such groups and making them function effectively, requires society development
services.
Microfinance started with the recognition that poor people had the capability to lift themselves
out of poverty if they had access to affordable savings & loans. With the right opportunities,
the poor have proved themselves to be productive and capable of borrowing, saving and repaying,
even without collateral
Provides self-employed women financial assistance to support their business enterprises, such as
raising livestock, running local retail shops called kirana stores, providing tailoring and
other assorted trades and services.
What We Do
Bhavishya Jyoti Nidhi Limited serves thousands of poor women across villages and urban slums.
We have achieved this scale through an innovative combination of using a for non-profit model,
drawing
on best practices from the business world and deploying technology. We are using the channel
that we have created to provide a full range of financial services to the poor members. By
providing the poor this range of economic tools, we are looking forward to the eradication of
poverty.
Product Features Benefits
- Bhavishya Jyoti Nidhi Limited Micro Loan (Income Generation) -Loans range from Rs.5, 000
to Rs. 10,000
for the first loan; subsequent loan amounts determined by past credit history and increased
each in set increments up to a maximum limit as decided by the Company.
- Term of the loan is 50 weeks with principal and interest payments due on a monthly basis
- There are times when we need certain information from you to respond to requests and to
authenticate your identity when you register for online account information access.
Key Features
- Bhavishya Jyoti Nidhi Limited Micro Loan (Income Generation) -Loans range from Rs.5, 000
to Rs. 10,000
for the first loan; subsequent loan amounts determined by past credit history and increased
each in set increments up to a maximum limit as decided by the Company.
- Term of the loan is 50 weeks with principal and interest payments due on a monthly basis
- There are times when we need certain information from you to respond to requests and to
authenticate your identity when you register for online account information access.