At Samasta, we emphasize on the importance of the health and welfare of our members as we believe this is the key to a sustained growth of the individual and the society at large. Various loans have been introduced for the benefit of the members enabling them to earn a livelihood and lead a better quality of life.
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| LPG (Liquid Petroleum Gas) Loan |
LPG Connection Loan is to facilitate Samasta members to obtain a LPG connection for their home. The objective of bringing this loan is to free them from the trouble of collecting firewood or kerosene thus saving their valuable time and to protect them from illnesses caused due to inhaling smoke from the burning firewood or kerosene.
The proposed loan amount is Rs.4000, which is to obtain a new LPG connection along with the accessories. To reduce the burden on the members, Samasta has designed the repayment structure enabling the borrower to repay over a period of one year.
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| Water Purifier Loan |
Waterborne diseases can have a significant impact on the economy, locally as well as internationally. People who are infected by waterborne diseases are usually confronted with related costs and with a huge financial burden. This is especially the case in low income communities. The financial losses are mostly caused by costs for medical treatment and medication, costs for transport, special food, and by the loss of manpower. Many families even sell their valuables to pay for treatment in a proper hospital. On an average, a family spends about 10% of the monthly household income per person infected.
Samasta introduces water purifier loan to ensure that the members benefit from consuming safe drinking water using household water treatment and safe storage products. |
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| Cattle Loan |
Keeping in mind the welfare of small farmers, Samasta Microfinance has introduced Samasta Cattle Loan. The main objective of this loan is to help the members purchase cattle and enable to earn a regular income. The procedures to obtain the loan have been made simple and repayment too is easy and convenient.
Samasta Cattle Loan is primarily given to milk producers registered with the Milk Society for more than 6 months and owns a dairy breed cow. A loan amount of Rs.20,000 can be availed in the first cycle with a reducing interest rate of 22.96% p.a. The repayment frequency is fortnightly and the loan period is for two years. |
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