General Loan (साधारण कर्जा)

The general loan is a loan with monthly/quarterly repayments. Clients make monthly payments mostly during center meetings. A center is a meeting place, where group members perform their financial transactions such as repayment, withdrawals, deposit etc. Generally a group is composed of five members. The interest rate is 14.38% on declining basis if the clients pay the installment in center meeting. Before a woman can become member of NULBSL, and hence eligible for loans, she must complete the compulsory group training (minimum 7 days) and pass the group recognition test.