Reaching the unreached (Micro Loan a livelihood promotion from NAMASTASYAI Nidhi Ltd)

Micro-credit by itself is helpful for the more enterprising poor members in economically dynamic areas. Less enterprising poor households need to start with savings before they can benefit from micro-credit, because they need to cope with risk. To offer these services in a cost-effective manner, it is not possible to work with poor households individually and they need to be organized into groups, informal associations and sometimes cooperatives or producer companies. The formation of such groups and making them function effectively, requires society development services.

Microfinance started with the recognition that poor people had the capability to lift themselves out of poverty if they had access to affordable savings & loans. With the right opportunities, the poor have proved themselves to be productive and capable of borrowing, saving and repaying, even without collateral

Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services.

What We Do

NAMASTASYAI NIDHI LIMITEDserves thousands of poor women across villages and urban slums. We have achieved this scale through an innovative combination of using a for non-profit model, drawing on best practices from the business world and deploying technology. We are using the channel that we have created to provide a full range of financial services to the poor members. By providing the poor this range of economic tools, we are looking forward to the eradication of poverty.

Product Features Benefits

• NAMASTASYAI NIDHI LIMITEDMicro Loan (Income Generation) -Loans range from Rs.5, 000 to Rs. 10,000 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum limit as decided by the Company.
• Term of the loan is 50 weeks with principal and interest payments due on a monthly basis
• There are times when we need certain information from you to respond to requests and to authenticate your identity when you register for online account information access.

Key Features

• NAMASTASYAI NIDHI LIMITEDMicro Loan (Income Generation) -Loans range from Rs.5, 000 to Rs. 10,000 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum limit as decided by the Company.
• Term of the loan is 50 weeks with principal and interest payments due on a monthly basis
• There are times when we need certain information from you to respond to requests and to authenticate your identity when you register for online account information access.