Social Emergency Loans

Social Emergency Loans (SEL) are designed to provide additional support to existing partners who have suffered from any form of calamity such as fire, storm, flood, drought, traffic accidents, serious illness, and death, maternity, or disability. It does not matter if the calamity has happened to a partner or his/her family member.

Loan Amount and Term:

This loan condition and requirement

• Partner Assessment tools:

• Active partner with regular repayments and face problems in families
• Disbursement for a partner is to be made within 24 hours of receiving the loan request

Repayment Mode:

Monthly installment (interest upon declining balance + fixed monthly monitoring fee). Principal: client can choose to repay the principal every 1, 2, 3, 4, 5, or 6, months are require paying monthly interest.

Interest:

Interest rate 1% which applies the declining method.