Jaro Joint Liability Group Loan Under this product, Jaro Finance endeavors to meet the diverse credit needs of various under-served households. This loan is provided to small batches of individuals under a Group Guarantee mechanism where a group comprises of minimum 5 members and each member in the group extends cross guarantee to other members towards repayment obligations.
After repayment of one loan, members of the group can avail a higher amount of loan than the previous one, depending upon the justification of loan amount.
Loan size :- Rs 15,000 to Rs 50,000
Tenure :- 12 to 24 months
Purpose :- The thrust is on providing income generating loans to micro / household business enterprises. However, the loans are also considered for diverse basic needs, such as education, house repairing, etc.
Interest Rate :- Competitive rates