Ujjivan

Headquaters Bengaluru,
Karnataka
Branches
Objective

361
Provide full
range of
financial
services to
the
economically
active poor to
build better
lives.

Targeted

Urban poor
People

Products &
Services

SKS
Microfinanc
e Ltd
(SKSMPL)

Spandana
Sphoorty
Financial Ltd
(SSFL)

Secunderaba
d, Andhra
Pradesh
1,413
To eradicate
poverty by
providing
financial
services to
the poor

Hyderabad,
Andhra Pradesh

Mainly
Women

Everyone- Low
Income People

Income
Generation
Loans,
Mid-Term
Loans,
Mobile
Loans,
Sangam
Store
Loans,
Housing
Loans,
Funeral
Assistance,
Gold Loan,
Life
Insurance

696
To offer a range
of financial and
non-financial
products and
services to low
income
households and
individuals to
improve the
quality of life.

General
Loan
(Abhilasha
)
Micro
Enterprise
Loan
(Pragathi)
Individual
Loan
(Sphoorty)
Income
Generating
Loan
(Samruddh
i)
Farm
Equipment
Loan

Grama
Vidiyal Micro
Finance Pvt
Ltd
(GVMFL)
Tiruchirappalli
, Tamil Nadu
126
To focus on
eradication of
poverty and
improving the
standard of
living of
downtrodden
women.

Bandhan

Kolkata, West
Bengal

385
To work with
women who are
socially
disadvantaged
and economically
exploited.
Bandhan works
for their social
upliftment and
economic
emancipation.
Women and
Poor women,
their Families
low-income
family
General
Loan
Loan
Suchana(Mic
ro Loan)
Multipurpo
se Loan
Srishti(Micr
o Enterprise
Business
Loan
Loan)
Livelihood
Samriddhi(
Enhanceme
Micro Small
nt Loan
and Medium
Enterprise
Loan)
Suraksha(Mi
cro Health
Loan)
Susikhsha
(Micro
Education
Loan)
Fisheries
Pension
Insurance
Remittance

For ur understanding
SKS Microfinance Ltd (SKSMPL)
SKS Microfinance Limited (SKS) is a non-banking finance company (NBFC), regulated by
the Reserve Bank of India. SKS' mission is to eradicate poverty by providing financial
services to the poor. The company operates across 19 of 28 Indian states.
According to a CRISIL Report on Top 50 Indian Microfinance Institutions (MFIs), SKS
Microfinance is the largest MFI in India with more borrowers, more branches and more loans
as of 30 September 2008. SKS was founded in 1997 by Vikram Akula, who also served as its
executive chair until November 2011.

Product

Features

Income
Generation
Loans
(IGL) Aarambh

Loans range from Rs. 2,000 to Rs. 12,000 for the first
loan; subsequent loan amounts determined by past
credit history and increased each in set increments upto
a maximum of Rs. 14,000

Mid-Term
Loan
(MTL) Vriddhi

Loan amounts range from Rs. 2,000 to Rs. 10,000 in

each annual cycle; subsequent loan amounts
determined by past credit history and increased each in
set increments upto a maximum of Rs. 14,000

Benefits

Provides selfemployed women

financial assistance to
support their business
enterprises, such as
Term of the loan is 50 weeks with principal and interest raising livestock,
payments due on a weekly basis
running local retail
shops
12.5% flat interest rate / 24.55% annual effective
called kirana stores,
interest rate and processing fee of 1%
providing tailoring
and other assorted
trades and services
Provides selfemployed women
financial assistance to
support their business
enterprises, such as
Available any time after the completion of 20 weeks & raising livestock,
before 40 weeks of an IGL cycle
running local retail
shops
Term of the loan is 50 weeks with principal and interest called kirana stores,
payments due on a weekly basis
providing tailoring
and other assorted
12.5% flat interest rate / 24.55% annual effective
trades and services
interest rate and processing fee of 1%

Long Term Loans range from Rs. 22,970 to Rs. 28,710

Loan
(LTL)
Term of the loan is 2 Years 104 weeks with principal
and interest payments due on a weekly basis

Provides selfemployed women

financial assistance to
support their business
enterprises, such as

Members must have completed 2 IGL Cycles

24.55% annual effective interest rate and 1%
processing fee of loan amount disbursed

raising livestock,
running local retail
shops
called kirana stores,
providing tailoring
and other assorted
trades and services
To Increase Members
Working Capital for
their business

Solar Loan

Loan amount is Rs. 1772. Term of loan is 25 weeks.

Best value for money

Member should be in 4 - 40 weeks of IGL/ MTL tenure

and 4 - 90 weeks of LTL tenure

Free maintenance
cost as cost of
sunlight is zero

Disbursements are based on CB eligibility list. 22.85%

annual effective interest rate and 0.7% processing fee
of loan amount disbursed

Increase in
productivity
Mobile charging
Aid for children
education during
night and power cuts
Healthier
environment reduction in usage of
carbon based lighting
system

Mobile
Loans

Financing of mobile phones and telephone services

Loan amounts range from Rs. 1,800 to Rs. 3,000
26.0% annual effective interest rate and loan
processing fee of 1%

Provides financing
for mobile phones
and telephone
services to our
members

Term of 25 weeks
Housing
Loans

Loans range from Rs. 50,000 to Rs. 150,000

Members must have completed at least 3 IGL cycles
to qualify or one ILP to be completed
Term of loan is 3 to 5 years with principal and interest
payments due on a monthly basis

Provides financial
access to women for
construction of new
houses or
improvement &
extension of existing
houses

11.9% flat interest rate, 21% annual effective interest

rate
In addition, loan processing fee of 2% collected upfront
Swarna pushpam
Gold Loan

SKS MICROFINANCE SWARNAPUSHPAM

GOLD LOAN SCHEME CHART (effective from
November 1, 2012)
Scheme Tenure Interest Scheme Tenure Interest
rate
rate
SP1

0-3
18.50% SP2
months

0-3
21.00%
months

3-6
21.00%
months

3-6
23.00%
months

6-9
22.50%
months

6-9
25.00%
months

9-12
24.00%
months
Broad features:
1. Loans range from Rs. 2,000/- to Rs. 100,000/2. SP2 Scheme has a maximum exposure of 60%
Loan to Gold Value of that day whereas SP1
scheme has a maximum exposure of 55% Loan
to Gold Value of that day
3. Maximum loan tenure for SP1 and SP2 schemes
is 12 months and 9 months respectively
4. Simple interest only
5. No pre/ part closure charge
6. No additional charges for late payment
7. Interest rates will decrease in case of earlier
payments from period to period as per slabs
mentioned
8. Overdue interest @ 2.5% per month after
completion of tenure on the amount of loan
default
Repayment method:
1. Bullet repayment with an option to pay any
amount at any time within the tenure
2. Payment done is adjusted to the principal and
interest due on that principal till that date from
the date of disbursement
List of enclosures required:
As per RBI KYC norms, identity, age and address

Provides personal or
business loans to our
members and nonmembers secured by
gold jewellery to
meet their short-term
liquidity
requirements.

proofs are required for loan processing.

Product
Life
Insurance

Features
Weekly payment
of Rs. 20 for the
term of five years

Benefits
Upon death, we disburse to the beneficiary the full sum
assured of Rs. 5,000 plus the account value, which is equal
to the aggregate of the premiums paid plus interest accrued,
if any, less any charges for the administration of the policy
In the event the death is deemed an accidental death, the
beneficiary receives Rs. 10,000 plus the account value
Upon maturity in five years where no death has occurred,
we disburse to the policyholder the account value.

Spandana Sphoorty Financial Ltd (SSFL)

General Loan (Abhilasha)

Abhilasha stands for Aspiration. This loan is designed for economically
active low-income households who have an aspiration to improve their
economic well-being. The loan is offered in a group mechanism.
This is the most dominant loan product helping in driving financial
inclusion of low-income clients, predominantly women. Option of weekly
repayments ensure that the clients can save a little from their daily cashflows and do not face repayment stress. Loans are used for cash flow
smoothening, predominantly for productive purposes.
The interest rates for this product is 13.2% flat, this translates into
approximately 26% on annual declining basis. An additional 1% is charged
upfront that makes the annual effective charges as 28.2%. The effective rate
would vary slightly depending upon the tenor and frequency of repayment
chosen by the borrower.

Income Generating Loan (Samruddhi)

Samruddhi stands for prosperity. For all group clients who have gainfully
employed, Abhilasha loan provides higher amount of funds to meet working capital
needs, emergency needs unbudgeted requirements particularly in case of seasonal
bussinesses.
This loan offers an avenue to our microfinance clients to get flexibility of an
interim loan. This loan is also useful for temporary cash requirements like
education, health emergencies etc.
The interest rates for this product is 13.2% flat, this translates into approximately
26% on annual declining basis. An additional 1% is charged upfront that makes the
annual effective charges as 28.2%. The effective rate would vary slightly
depending upon the tenor and frequency of repayment chosen by the borrower

.
Micro Enterprise Loan (Pragathi)
Pragathi stands for Progress. This product is offered to those microfinance clients
who have slightly higher economic well-being and have stable monthly cash-flows.
This helps the clients to avoid spending time on weekly meetings while at the same
time enjoy the benefits of sustained credit supply by virtue of peer pressure based
repayment discipline.
The interest rates for this product is 26% on annual declining basis. An additional 1%
is charged upfront that makes the annual effective charges as 28%. The effective rate
would vary slightly depending upon the tenor and frequency of repayment chosen by
the borrower.

Individual Loan (Sphoorty)

Sphoorty stands for Inspiration". This loan is offered to low/lower-middleincome people running micro-enterprises or having any other stable income
source. This loan is delivered to individuals. This loan is given primarily to
borrowers who graduate to higher ticket sizes from group loans.
This loan product helps us go up the value chain and also to provide support to
our existing clients who have moved up the economic ladder.
This is a non micro finance loan given to middle income households. The interest
rates for this product is 26% on annual declining basis. An additional 1% is
charged upfront that makes the annual effective charges as 28%. The effective
rate would vary slightly depending upon the tenor and frequency of repayment
chosen by the borrower.

Farm Equipment Loan (Karshak)

Farm Equipment loans are offered to clients who want to finance purchase of
Farm Equipments either for cultivation or for transport. Farm Equipment is
hypothecated for the tenure of the loan.
Farm Equipment loan helps us increase the overall microfinance market pie by

reaching out to new client segments while leveraging on the existing distribution
channel.
The interest rates for this product is 19-25% on annual declining basis. Rates
charged for used equipment is higher while it is lower for new equipment. An
additional 1-2% is charged upfront. The effective rate ranges to about 29% but
varies depending upon the used/ new equipment, loan tenor and frequency of
repayment chosen by the borrower.

Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)

VMFL not only aims at achieving the economic sustainability of its women members, but
also facilitates holistic empowerment of women and their families in social and cultural
fronts.
General Loan (GL)
General Loan (GL) is provided for supporting various income generating activities of
GVMFL members and their families. The maximum ceiling for these loans is `20,000. GL
occupies more than 80% of the total loan portfolio of GVMFL. GVMFL has very stringent
monitoring systems to ensure that these loans are utilized only for income generating
purposes which can be for initiating new business activities or for investing into the existing
ones. Invariably, all the first loans for the members are Generals Loans for supporting income
generating activities of the members. Multipurpose Loan (ML) The commitment of GVMFL
to save its women members from the clutches of money lenders led to the launch of this
product in the year 2006. This product helps women to cover their essential expenses arising
at the time of festivals and also for paying out the school fees for their children. The size of
the ML ranges between one thousand and three thousand. Business Loan (BL) Business
Loans (BL) are being provided only for established clients who have completed three cycles
of General Loans during their continuous association with the program. The
Multipurpose Loan (ML)
Maximum ceiling for these loans shall not exceed `50,000. GVMFL has established high

degree of screening taking into consideration the cashflow of the proposed business activity,
previous repayment history of the client etc. prior to disbursement of such loans. Livelihood
Enhancement Loan (LEL) Livelihood Enhancement Loan (LEL) is an additional loan to be
provided to the members for facilitating asset building. All the members who had completed
two cycles of GL with proper repayment are entitled for LEL provided their group shows
100% compliance to the policies and procedures laid down by the organization. The size of
the loan ranges between `7 thousand and `10 thousand.
Business Loan (BL)
Business Loans (BL) are being provided only for established clients who have completed
three cycles of General Loans during their continuous association with the program. The
maximum ceiling for these loans shall not exceed `50,000. GVMFL has established high
degree of screening taking into consideration the cashflow of the proposed business activity,
previous repayment history of the client etc. prior to disbursement of such loans.
Livelihood Enhancement Loan (LEL)
Livelihood Enhancement Loan (LEL) is an additional loan to be provided to the members for
facilitating asset building. All the members who had completed two cycles of GL with proper
repayment are entitled for LEL provided their group shows 100% compliance to the policies
and procedures laid down by the organization. The size of the loan ranges between `7
thousand and `10 thousand.

Bandhan
Bandhan (meaning togetherness) was born in 2001 under the leadership of Mr. Chandra
Shekhar Ghosh, a Senior Ashoka Fellow. The main thrust of Bandhan is to work with women
who are socially disadvantaged and economically exploited. Bandhan works for their social
upliftment and economic emancipation. To achieve the above objective, Bandhan is basically
engaged in the delivery of microfinance services to the poor women.
Loan

No Loan Product
1

Suchana(Micro Loan)

Srishti(Micro Enterprise
Loan)

Samriddhi(Micro Small
and Medium Enterprise
Loan)
Suraksha(Micro Health
Loan)
Susikhsha (Micro
Education Loan)

4
5

Loan Amount

Tenure

Rate of
Interest

1,000 - 15,000
Subsequent increase upto

12 months

22.40 %

16,000 - 50,000
24 months
Subsequent increase upto 10,000.
Loan does not exceed 35,000- in
the first cycle
51,000 - 5,00,000
12/18/24
months

22.40 %

10,000

22.40%

1,000 - 10,000

12 months

12.00%

1,000 - 10,000

12 months

12.00%

Fisheries

10,000 - 1,00,000

12/24
months

22.40%