This product is designed to meet the demand of the graduated clients and promotion of micro-enterprises in the rural areas. Poorest of the poor particularly who are unable to run business themselves can get employment in the various micro-enterprises (Which includes foreign employment loans) run under this program. Loan size is relatively high. Necessary physical collateral is taken as per bank rule. However, group formation and delivery system is as per general microfinance loans. Duration of loan under this program is generally 18 months and loan needs to repay at monthly installment with two months grace period.
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