ASIRVAD MICRO FINANCE LTD.

 

Microfinance is a powerful tool for empowering individuals and communities by providing small, affordable loans to those who would otherwise have limited access to credit. Asirvad Microfinance is one such organization that is dedicated to helping poor women start their own businesses and achieve financial independence.

With a focus on providing loans to women in rural and semi-urban areas, Asirvad Microfinance has helped countless individuals turn their dreams into reality. By providing access to credit, they are not only helping women to start their own businesses, but they are also helping to create jobs and boost local economies.

Asirvad Microfinance understands that even small loans can have a big impact. By providing loans as small as a few hundred dollars, they are able to help women purchase equipment, inventory, and other supplies needed to start their own businesses. This can be life-changing for both the women who receive the loans and their families.

Overall, microfinance is an important tool for promoting economic development and reducing poverty. Organizations like Asirvad Microfinance are making a real difference in the lives of people around the world by providing access to credit and helping individuals achieve their dreams.

When it comes to taking out a loan, it's important to understand the terms and conditions that come with it. In this case, the loan is paid in 26 equal weekly installments over a period of 24 months. The ticket size for this loan ranges from 1,000 to 80,000. The interest rate is fixed at 25%, with a diminishing nature, which means that the interest charged decreases over time as the principal amount is paid off.

In addition to these terms, the lender also offers SMS alerts at the time of disbursement and installment payment. This can help borrowers stay on top of their payments and avoid missing any deadlines. Another convenient feature available to borrowers is the option to view their loan schedule through mobile apps. This can make it easier to keep track of payments and plan for the future.

Lastly, it's important to note that a group guarantee will be taken for this loan. This means that a group of borrowers will collectively guarantee each other's loans, which can help to reduce the risk for the lender and make it easier for borrowers to access credit. Overall, these terms and features can make this loan a viable option for those in need of financial assistance.

 

Asirvad Micro Finance provides loans through savings bank accounts. The disbursement frequency is one transaction, while the repayment frequency is 4 weekly. Repayment can be done through center meeting collection or online payment. The foreclosure option is available, and clients can pre-close their loans without any penalty charges. A processing fee of 2% (+GST) is charged, and life insurance (credit shield) is available with rates applicable to the insurance scheme.

There are no prepayment charges, and repayment is done through 26 installments with a 28-day cycle. Late repayment attracts a 2.5% per month charge on the overdue amount. Asirvad Micro Finance provides easy and flexible loan options to its customers, ensuring that they can access credit without any hassle. With an emphasis on customer satisfaction, Asirvad Micro Finance is a reliable option for those seeking financial assistance.

 

Asirvad Microfinance is a financial institution that offers Income income-generating loans to a Group of individuals who are looking to start or expand their businesses. These loans are specifically designed to help people generate income for their families. The loan application process is straightforward, and clients can expect to receive their loan within one week of approval.

The loan is paid back in 26 equal weekly installments, making it easier for clients to manage their finances. As part of the loan agreement, a group guarantee will be taken, ensuring that the loan is repaid in a timely manner.

The Income Generating Loan can be used for a variety of activities, including starting a small business, expanding an existing business, purchasing equipment or inventory, or investing in new technology. By providing access to affordable credit, Asirvad Microfinance is helping to promote entrepreneurship and economic growth in the communities it serves.

 

Asirvad Microfinance is one such institution, that provides microfinance services to individuals who lack access to traditional banking services. Asirvad Microfinance is a subsidiary of Manappuram Finance Limited and has been providing microfinance services since 2007. Their services are aimed at empowering low-income individuals, particularly women, by providing them with access to financial resources that can help them start or grow their own businesses.

Asirvad Microfinance operates in several states in India, such as Tamil Nadu, Karnataka, Maharashtra, Kerala, and others. They offer various services, including micro-enterprise loans, agriculture loans, home improvement loans, and more. Their loan products are tailored to meet the specific needs of their clients, and they offer flexible repayment options to ensure that their clients can repay their loans without undue financial strain.

Overall, Asirvad Microfinance is a valuable resource for low-income individuals who are looking to start their own businesses or improve their quality of life. Through their microfinance services, they are able to provide access to financial resources that were previously unavailable, helping to promote economic growth and development in the communities they serve.

 

In India, microfinance has a significant impact on the country’s economic development. It serves as an antidote against poverty for those who reside in rural areas. Its goal is to support financially disadvantaged communities in achieving higher levels of wealth development and income security for both households and entire communities. The most important function of microfinance in India is to provide small business owners with access to money. As was already said, microfinance in India offers access to loans.

Asirvad Microfinance is one such institution that plays a crucial role in providing financial support to the unorganized sector in India. The company was founded in 2007, and since then, it has been helping small business owners and entrepreneurs to access the funds they need to grow their businesses. Asirvad Microfinance offers a variety of financial services, including group loans to women.

What sets Asirvad Microfinance apart from other microfinance institutions is its commitment to helping its customers achieve financial stability and independence. The company not only provides financial support but also offers financial literacy training to its customers, helping them to make informed decisions about their money. Asirvad Microfinance believes that financial inclusion is essential for the growth and development of India's economy, and it is committed to playing a significant role in achieving this goal.

In conclusion, Asirvad Microfinance is a crucial player in India's microfinance sector, helping poor people with the funds they need to grow their own businesses. Its commitment to financial inclusion and financial literacy training makes it stand out from other microfinance institutions, and it is making a significant impact on the economic development of the country.

Asirvad Microfinance is a leading microfinance institution in India that focuses on providing financial services to low-income households and small businesses. The institution is known for its commitment to providing excellent customer service, which is reflected in its well-trained staff and positive work environment.

Asirvad Microfinance understands the importance of customer needs and strives to provide them with the best possible service. The institution offers a range of financial products and services, including microloans.

Moreover, Asirvad Microfinance places a strong emphasis on training and development for its staff. The institution believes that well-trained staff are key to providing quality customer service and maintaining customer satisfaction. As a result, Asirvad Microfinance invests heavily in staff training and development programs, which are designed to improve their skills and knowledge in the field of microfinance.

In conclusion, Asirvad Microfinance is a customer-centric microfinance institution that is dedicated to helping low-income households and small businesses achieve their financial goals. Its commitment to providing excellent customer service, investing in staff training and development, and offering a range of financial products and services make it a leading player in the microfinance industry.