a. Income Generating Loan
After completion of the Micro-finance Literacy Program (MLP) and Group Recognition Test (GRT) clients are eligible to take General Loan, Which is disbursed to the borrowers for all types of productive purpose the individual loan ceiling ranges from NRs 1000 to NRs 300000 based on the borrower’s economic capacity. However, repayment period of this loan is for 12 months to 24 months on a monthly basis and the interest rate is 18% on diminishing balance.
b. Supporting Loan
This loan product is available to group based clients to finance inputs for supporting agricultural production like Purchase of seeds, fertilizer, insecticides and pesticides. The loan is also being available for purchase and sale of agricultural products. The Loan is provide for those members whose second cycle of income generating loan is running .Maximum limit for this loan is Rs. 80,000 and provided at 18% interest rate per annum on diminishing balance.
c. Special Loan
Clients who complete five years loan cycle with excellent loan track record and doing well and incentive for the others are recognized as special clients. They are appreciated with certificate along with badge and entitled to receive special revolving loan facility of up to NRs 100,000 for one year period. This is recognition to the clients and the interest rate is from 18% on diminishing balance.
d. Social Loan
This loan is used to cope the emergency situation to the client due to natural disaster, accident and serious illness ( in case of Hospitalization). GSLBSL offers this loan to only those center having good transitional records and are affected by above mention incidence.
e. Renewable Energy Loan
This loan is given to the clients for manufacturing bio-gas plant, solar power etc. GSLBSL offers this loan to those clients who have livestock and have utilized income generating loan with good repayment performance. The loan can be given without collateral. This loan has the coverage of 70% of any investment of the client’s renewable energy investment.
a. Micro Enterprises Loan
This loan product is designed to satisfy credit need of micro-entrepreneurs. It is provided to graduated clients from the groups. The maximum loan amount of this loan is Rs. 700,000 and is provided for maximum 5 years period at the rate of 17% per annum. Project viability, client’s integrity and the physical collateral are the basis to provide this loan.
b. Foreign Employment Loan
Foreign employment loan is provided to those clients who have good credit track for the expense of her husband’s, son’s and family’s member for foreign employment. The loan ceiling up to NRs 300000.The duration of loan will be for a maximum period of 3 years, depending on the income cycle and the interest rate in 17% on diminishing balance.
c. Education Loan
This loan is disbursed intended for those clients who wants their children to study the technical subject like ANM, CMA, Engineering, Computer and Electronics related subjects. This collateral based loan can be given if the clients have utilized previous loan with good repayment performance and must submit the subject related document. The ceiling is up to NRs 300000.The duration of loan will be for a maximum period of three years depending on the income cycle of the project, and the interest rate is 17% on diminishing balance.
d. Land and Housing Loan
GSLBSL provides housing loan to support for building a reliable shelter, which is one of the basic needs for the people. Land & housing loan is disbursed to those borrowers who is eligible for first cycle of general loan and have maintained a very good track record of loan utilization and savings mobilization. The loan ceiling is Rs. 7, 00,000 payable in 5 years including interest and the interest rate is 17 % on diminishing balance.
e. Individual loan
GSLBSL provides individual loan to the missing middle or poor clients who do not wish to join groups for various reasons. The maximum loan amount of this loan is Rs. 700,000 and is provided for maximum 5 years period at the interest rate of 17% per annum. Project viability, client’s integrity and the physical collateral are the basis to provide this loan. The physical collateral will be required to avail this loan.