| Product | Features | Benefits |
| Income Generation Loans (IGL) - Aarambh | Loans range from Rs. 2,000 to Rs. 12,000 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum of Rs. 30,000 Term of the loan is 50 weeks with principal and interest payments due on a weekly basis 12.5% - 15.0% flat interest rate/26.7% - 31.4% annual effective interest rate, including upfront interest of 1% |
Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services |
| Mid-Term Loan (MTL) - Vriddhi | Loan amounts range from Rs. 2,000 to Rs. 15,000 in each annual cycle. Available any time after the completion of 20 weeks & before 40 weeks of an IGL cycle Term of the loan is 50 weeks with principal and interest payments due on a weekly basis 12.5% - 15.0% flat interest rate/26.7%-31.4% annual effective interest rate, including upfront interest of 1% |
Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services |
| Emergency Loans and Advances - Raksha | Interest free emergency loans range from Rs. 500 to Rs. 2,000 Term of the loan is 20 weeks with a bullet repayment Interest free funeral advances of Rs. 1,000 adjusted out of the claim settlement of loan cover insurance |
Designed to meet the unforeseen emergency requirements of members Disbursed within 24 hours of request Funeral advance paid to a member’s family upon the death of the member or her spouse |
| Life Insurance Loans | Interest free loans of Rs. 500 Term of 25 weeks with principal repaid weekly |
Issued to members to pay their life insurance premiums during the initial 25 week period Helps to promote habit of savings and reduction of vulnerability among members |
| Mobile Loans | Financing of mobile phones and telephone services Maximum loan amount of Rs. 2,000 12.5% - 15% flat interest rate/30.6% - 36.2% annual effective interest rate Term of 25 weeks with principal and interest repaid weekly |
Provides financing for mobile phones and telephone services to our members |
| Sangam Store Loans | Working capital loans ranging from Rs. 5,000 to Rs. 25,000 Interest free Term of the loan is 14 days |
Provides a working capital loan to fund the needs of our members who own and operate kirana stores The program allows these members to purchase their inventory of consumer goods and groceries from a national wholesaler at wholesale prices |
Housing Loans |
Loans range from Rs. 50,000 to Rs. 150,000 Members must have completed at least 3 IGL cycles to qualify or one ILP to be completed Term of loan is 3 to 5 years with principal and interest payments due on a monthly basis 11.9% flat interest rate, 21% annual effective interest rate In addition, loan processing fee of 2% collected upfront |
Provides financial access to women for construction of new houses or improvement & extension of existing houses |
Per RBI circular DNBS. 204/CGM (ASR)-2009 dated January 2, 2009, SKS’s Board of Directors has discussed and formally adopted an interest model based on cost of funds, operational costs, and risks involved for each product.
