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Loans and Investments
Microfinance Loans for Small Business and Women Groups
Help applying for small-ticket microfinance loans for vendors, home businesses and self-help or joint liability groups.
- Loans and Investments
- Usually 1–2 weeks after documents and group formation are complete*
About Microfinance Loans for Small Business and Women Groups
Microfinance loans are small loans for people who run a small shop, a stall, a home business or a small trade. Many of these loans are given to women through self-help groups or joint liability groups.
We help you understand the loan, form or join a group where needed, collect the few papers required and apply with our partner lenders. Repayment is usually in small weekly or monthly instalments.
Microfinance loans are subject to the lender's approval and credit policy. We are not the lender.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Types of Microfinance Loans
Loan types and amounts depend on the lender and your household income.
Group Loan (JLG / SHG)
A small group of women take loans together and support each other's repayment.
- Group of members from the same area
- Regular group meetings
- Aadhaar and bank account for each member
Small Business Loan
For vendors and shopkeepers who need money for stock or small equipment.
- Running a small business
- Aadhaar, PAN or voter ID
- Bank passbook
Home Business Loan
For women running tailoring, food, beauty or craft work from home.
- Home-based income activity
- Aadhaar and bank passbook
- Household income details
Who Needs This Service
- Street vendors and hawkers
- Small shop and tea-stall owners
- Women running a business from home, such as tailoring, food or handicrafts
- Members of self-help groups (SHGs)
- Members of joint liability groups (JLGs)
- Small farmers, dairy and poultry owners
Key Benefits
Minimal documents
Usually only Aadhaar, PAN or voter ID and a bank passbook are needed.
Small, easy instalments
Repay in weekly or monthly EMIs that suit a small daily income.
Doorstep service
Many lenders offer doorstep verification and EMI collection in your area.
Help at every step
We explain the terms in simple words and help you with forms and group meetings.
Eligibility and Applicability
- Adults who meet the lender's age criteria
- Households within the income limit for microfinance loans under current RBI rules
- People running or starting a small income activity
- Applicants whose total loan repayments fit within the household income limits set by the lender
Lenders assess household income and existing loans as per current RBI rules for microfinance. Rules can change, so we confirm the current position with the lender.
Documents Commonly Required
Identity and address
- Aadhaar card
- PAN card or voter ID card
- Recent passport-size photographs
Bank and income
- Bank passbook or bank statement
- Simple details of household income and existing loans
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Talk to us
Call or visit us. Tell us about your work and how much you need.
Eligibility check
We check your household income and existing loans against the lender's criteria.
Group or individual
We help you join or form a group, or apply individually where the lender allows.
Documents and application
We collect your papers and submit the application to the partner lender.
Verification and disbursal
The lender verifies your details, often at your home, and decides on the loan.
Key Terms at a Glance
| Loan size | Small-ticket loans, as decided by the lender |
|---|---|
| Repayment | Weekly, fortnightly or monthly EMIs |
| Collection | Doorstep or group meeting collection, depending on the lender |
| Security | Usually no collateral for microfinance loans |
| Eligibility | Based on household income as per current RBI rules |
Exact amounts, interest rates and charges are set by the lender. Ask for the Key Fact Statement before you sign.
Estimated Timeline and Fees
Estimated timeline
Usually 1–2 weeks after documents and group formation are complete
Group training, verification visits and the lender's process can change the time taken.
Our service fee
Our service fee, if any, is told to you in writing before we begin.
Lender / third-party charges
Lenders may charge a processing fee, insurance premium and GST. These are set by the lender and shown in the Key Fact Statement.
* Loan approval, interest rate and amount are decided by the lender under its credit policy and current RBI rules.
Common Mistakes to Avoid
- Taking loans from too many lenders at the same time
- Not reading the Key Fact Statement before signing
- Missing group meetings or EMI dates
- Hiding existing loans from the lender
- Paying anyone outside the lender's official process
Frequently Asked Questions
Do I need a guarantor or security?
Microfinance loans are usually given without collateral. In group loans, members support each other's repayment.
Can men apply?
Many microfinance loans are for women, but some lenders also offer small business loans to men. We check what is available.
How is the loan amount decided?
Lenders assess household income and existing loans as per current RBI rules, and decide the amount under their own policy.
How do I repay?
Usually in weekly or monthly EMIs, collected at group meetings, at your doorstep or through your bank account.
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Talk to Our Team
Have a Question About Microfinance?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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