Service – Kamadgiri Microfinance

OUR SERVICES

There are two types of microfinance products provided by Kamadgiri Microfinance to cater to the financial needs of individuals and small businesses in the community. The first type is Joint Liability Group (JLG), a collaborative approach where members of a group mutually guarantee each other’s loans. This fosters a sense of shared responsibility and accountability among the group members, promoting trust and cooperation. The second type is Microbusiness Loan (MBA), which offers financial assistance specifically tailored for small business owners looking to expand or enhance their enterprises. By providing accessible and flexible financing options, Kamadgiri Microfinance empowers individuals and entrepreneurs to achieve their financial goals and contribute to the economic growth of their communities.

joint liability group (jlg)

A joint liability group (JLG) is a collaborative financial arrangement designed to support impoverished and underserved rural communities in their pursuit of economic empowerment and social upliftment. These groups typically consist of individuals facing financial constraints, pooling their resources and leveraging each other’s strengths to access credit and other financial services that are otherwise out of reach for them. By coming together as a JLG, poor and needy rural people can collectively secure loans, manage risks, and invest in income-generating activities that can improve their livelihoods and reduce their vulnerability to economic shocks. Through mutual trust, solidarity, and shared responsibility, JLG members not only build their financial capabilities but also strengthen their social bonds and foster a sense of community resilience. In this way, the JLG model provides a platform for marginalized individuals to break the cycle of poverty, enhance their self-reliance, and create sustainable pathways to a more prosperous and dignified future.

Micro business loan

A Micro business loan (MBL) is a financial assistance program designed specifically to support individuals in impoverished rural communities who are in need of capital to start or expand their businesses. These loans play a crucial role in alleviating poverty and empowering individuals to become self-sufficient by providing them with access to the necessary funds to pursue entrepreneurial opportunities. The MBL program not only focuses on providing the financial assistance needed but also offers guidance and support to help recipients develop their business ideas and create successful ventures. By targeting poor and needy rural people, this initiative aims to address the economic challenges faced by these communities and provide them with a pathway to economic independence and stability. Through the provision of micro-business loans, individuals who may have previously lacked access to traditional funding sources are given a chance to realize their potential and contribute to the growth and development of their local economies. The MBL program serves as a catalyst for positive change, enabling rural entrepreneurs to overcome financial barriers and achieve their aspirations of building sustainable businesses that can improve their quality of life and create opportunities for future generations.