Group Loan
Chhimek Laghubitta
Chhimek Samuha Rin
Min Rate
12.00%
Max Rate
15.00%
Max Amount
NPR 1,00,000
Processing Fee
0.50%
Key Features
- Collateral-free group lending
- Weekly meetings & savings culture
- Graduated loan sizes on repayment history
- Financial literacy training
Compare Similar Offers
See how Chhimek Laghubitta stacks up against other Group Loan offers before you decide.
|
Chhimek Laghubitta Chhimek Samuha Rin Viewing |
Swabalamban Laghubitta Swabalamban Samuha Rin |
|
|---|---|---|
| Interest Rate | 12.00–15.00% | 12.50–15.50% |
| Max Amount | NPR 1,00,000 | NPR 80,000 |
| Processing Fee | 0.50% | 0.50% |
| Max Tenure | 24 mo | 24 mo |
| Approval Time | 5 days | 5 days |
| Currently viewing | View Details |
Frequently Asked Questions
What is a microfinance loan, and how is it different from a regular bank loan?
Microfinance institutions (MFIs) serve low-income and rural borrowers with smaller loan sizes, simpler documentation, and often group-based lending — unlike commercial banks, which typically require more formal collateral and credit history.
Do I need collateral to get a microfinance loan?
Many microfinance loans, especially group loans, are collateral-free — group members guarantee each other's repayment instead. Larger enterprise loans may require some security.
What is a group loan, and how does group liability work?
A group of borrowers (often 5–15 people) jointly guarantees each member's loan. If one member struggles to repay, the group is collectively responsible, which lowers risk for the lender and lets members borrow without individual collateral.
Who is eligible to borrow from a microfinance institution in Nepal?
Microfinance is aimed at low-income individuals, smallholder farmers, and micro-entrepreneurs, often in rural or semi-urban areas — eligibility criteria are typically more flexible than a commercial bank's.
How often do I need to make repayments?
This varies by product and MFI — many microfinance loans use weekly or monthly repayment schedules aligned to the borrower's income cycle, shown on each product's detail page.