Headlines
Portfolio surpassed Rs.32 Crore || Twenty-fifth Branch of BJS at Shivmandir in Darjeeling district || We have reached at our sixth district at Darjeeling || The Official Logo changed || More than 33,000 active members. || Sixteen Financial Partners. || Nine Public Sector Banks as Financial Partners. || CoCA Grade “M4C2” || Rating Grade “MFI 3+”

Prerona

 

PRODUCT INFORMATION : Entrepreneurship
Loan Product Name :
Prerona
Brief Description :
This loan product is exclusively designed for the poor women in underserved areas who engaged in self-employment and small income generating activities but do not have enough own capital to run the activities.
Target Clients :
  • Women who are engaged in income generating activities.
  • In rural areas, the women who are engaged as small farmer, allied agriculture activities, food processing, petty trading etc.
  • In urban areas, the women who are engaged in more diverse activities like shopkeepers, service providers, street vendors, artisans etc.
Criteria of a client :
  • The above mentioned women who engaged in small income activities.
  • Between 18-58 years old
  • Should have a income generating activity
  • Household income should not be more than ₹1,00,000 & ₹1,60,000 per annum in rural and urban areas respectively.
  • Not have outstanding account with more than one MFI.
  • Total indebtedness should not exceed ₹1,00,000
Purpose :
  • Farm
    1. Agriculture – Paddy, Wheat, Jute, Vegetable cultivation
    2. Agriculture Allied – Dairy, Poultry, Fishery, Duckery, Piggery, goatery etc.
  • Non-Farm
    1. Small business – Grocery, Stationery, Readymade Garments, Tea stall, Food stall, Electronic & Electrical, Mobile shop etc.
    2. Small Transport – Van, Rickshaw etc.
    3. Service – Laundry, Saloon, Cobbler, bookbinding repairing shop etc.
Lending Methodology : Individual (through Group)
Loan Ceiling :
Maximum ₹30,000
Minimum ₹5,000
Subsequent increase amount :
Maximum ₹10,000 from previous loan amount depends on evaluation marks)
Tenure :
Maximum One year
Interest & Fees :
Rate of Interest 26% p.a. on reducing balance
Processing Fees 1% on loan amount
Insurance Fees 0.50% on loan amount
Mode of Repayment :
Weekly/Fortnightly/monthly as per borrower choice

News Update

Our Achievements

As on 31st July 2017
No. of Branches : 25
No. of Districts : 6
No. of Blocks : 43
Total Staff Strength : 145
No. of Frontline Staff : 92
No. of Active Groups : 2,089
No. of Active Members : 33,933
No. of Active Borrowers : 26,656
Cummulative Loan Disbursed (in Lakhs) : 21,142.52
Loan Portfolio (in Lakhs) : 3,265.32
Average Loan Size on outstanding : 12,250
On time Repayment Rate : 99.90%
No. of Loans per Credit Officer : 290

Where We Work