Staff Refresher Training
Lending Method & Target Clientele
The company channelises its financial product to poor rural and semi-urban women through the Grameen based mini branch lending methodology. The number of clients in centres varies from 10-20 with an average of 14 clients in each centre. For identifying economic status of client we consider a few parameters like housing condition, income level, assets owned, room shared per person, etc. We have targeted these demographic as it represents a section of the population that does not have access to formal financial services. Although this population segment is certainly earning below the international poverty line, these women have proven their ability to run micro businesses. After identifying potential clients through motivation meetings we provide 4 days continuous training to the ones who are interested to avail a loan. After providing training by a Centre Manager, the Branch Manager recognises the group for a test which is widely known as the Group Recognition Test (GRT). Once the Branch Manager approves the Centre, a loan will be disbursed to first 60% clients on 1st centre meeting day and rest 40% on the next centre meeting day. Centre meetings and repayment is weekly.
We aim to serve such marginalized women with this particular demographic profile as they are generally believed to be more productive with their assets than men. We also understand the importance of women's empowerment due to the central role within the family and community.
Clients Eligibility Criteria
The company only lends to women. They should be in the age group of 18 to 55 years they should be residents of the same area for at least last 3 years Their family income should be between Rs.2000 to Rs.7000.
Homogeneity in a centre
Our centers have almost same educational level, having same economic status having no more than 2 kin/relatives, 10-20 self selected like minded women and who can trust each other in financial transactions.
Products & Services
Capital Trust offers "Income Generation Loans". Loan sizes range from Rs. 4000 to Rs. 12000 in the first year and Rs. 10000- Rs 12000 in the second year.
Income Generating Loans
Income Generating Loan (IGL) gives access to finance to poor families for their livelihood support. The source of livelihood includes running shops for fruits and vegetables, groceries, tailoring, tea, tailoring, petty restaurants etc. The loans can also be used to finance diverse business needs, including working capital equipment like buying sewing machine, petty plant an machinery, repairing or upgrading auto/rickshaws etc. in order to start a new business. The loan can also be used to pay off an earlier high-cost debt previously taken for business needs.
The company has tied up with Birla Sun Life Insurance for client and spouse death insurance.