People's Micro Finance Ltd offers standardised loan and savings products to micro and small entrepreneurs. Our diverse product range ensures that clients receive the most suitable product for their needs. Loan assessments are made on an individual basis and, applying the graduation principle, good clients may obtain larger loans to further develop and expand their businesses.
The four basic loan types on offer are the General Loan, Small Enterprise Loan, PAMP Loan and Vehicle Loans.
General loans are typical micro loans granted to village level micro and small clients to undertake or expand their businesses. These loans are processed at village level and collected weekly.
Small Enterprise Loans
Small enterprise loans are granted to clients for the expansion of small businesses, with special attention given to projects which generate employment.
PAMP (Poverty Alleviation Microfinance Project) loans are given to the poor who cannot access credit from banks and other formal finance organisations.
Vehicle Loans Category 1
Start-ups and growing businesses can make use of this loan to purchase motorcycles, three-wheelers, etc. In demand both in urban and rural areas, the loan uses different lending methodologies depending on the industry.
Vehicle Loans Category 2
Growing businesses can make use of this vehicle loan to purchase small lorries, tractors, etc.