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JLG Loans

JLG Loans

JLG Loans are given to the underserved rural and semi urban women who are engaged in small scale income generation activities. The loans are given to customers who are part of a joint liability group and with annual household incomes of less than ₹ 1,00,000 (rural) and ₹ 1,60,000 (urban). For JLG loans FFPL operates as a lender itself and also as a service provider to other funders.

Loan Product Details:

Loan Amount: ₹ 10,000 to ₹ 60,000

  • Loan Processing Fees: 1% of loan amount + GST
  • Insurance premium (credit life insurance): upto 1% of loan amount
  • Interest Rate: Calculated on reducing balance (adjusted quarterly as per RBI guidelines)
  • Loan tenure: 1 to 2 years

Customer Success Stories

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Shabana Ahmed

State: MP

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Branch:Bairagarh

Shabana Ahmed

Loan amount taken:₹ 30,000

Loan taken for: Grocery Shop

Mr.Chandraprakash lives in the Bhopal with his father, wife and 2 kids. He had been working as a mediator for the fertilizer distribution business where he used to store the supplies in...

Chandbi Pathan

State: Maharashtra

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Branch: Kalmeshwar

Chandbi Pathan

Loan amount taken:₹ 30,000

Loan taken for: Purchasing livestock

Chandbi Pathan and her family are involved in goat rearing and farming activities for the last 10 years. Earlier she had 4 goats and after availing FFPL loan she has purchased 5 more Goats by investing...

Badrun Nisha

State: UP

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Branch: Gopiganj

Badrun Nisha

Loan amount taken:₹ 30,000

Loan taken for: Rug-making unit

Badrun Nisha and her sons run a rug-making unit from her home. With the help of the loans from FFPL she has been able to scale up the business and thereby able to increase her household income.

Shabana Ahmed

State: MP

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Branch: Bairagarh

Shabana Ahmed

Loan amount taken:₹ 30,000

Loan taken for: Grocery Shop

Shabana lives in the outskirts of Bairagarh in MP, where she saw opportunity in the fact that there were no grocery shops in a convenient distance of the neighbourhood.

Nishigandha Ganraj

State: Maharashtra

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Branch: Hingna

Nishigandha Ganraj

Loan amount taken:₹ 30,000

Loan taken for: For Agarbatti Production

Nishigandha is in her 3rd loan cycle with FFPL. With her first loan, she had purchased an Agarbatti making machine. With subsequent loans she has been able to grow her business well.

Reeta

State: UP

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Branch: Mirzapur

Reeta

Loan amount taken:₹ 30,000

Loan taken for: Purchasing livestock

Reeta and her family are involved in farming activities for the last 6 years. With FFPL’s loan, she purchased a cow and now gets additional income from selling milk in her neighbourhood.