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Our Product

Jagaran has a multitude of products catering to the poor women borrowers. We also partner with a large PSU bank to offer BC products to our borrowers.

Product Name

Purpose

Loan Amount (INR)

Tenure (Year)

Interest Rate (%)

Processing Fees (%)

Security

BC 10000 TO 40000

Income Generation

10000-40000

1

24

NIL

NIL

SARAL 5000 TO 30000

Income Generation

5000-30000

1

24.25

1

NIL

SARAL 40000 TO 50000

Income Generation

40000-50000

2

24.25

1

NIL

ASHRAY 20000 TO 30000

Housing Finance

20000-30000

1

24.25

1

NIL

 

Our products are mainly for income generation , however we also have products for specific needs namely home renovation & repair and education.

Current Out Reach

 Key Operational Statistics as on 30th Nov 2018.
 Gross Loan Portfolio (Rs. Cr.) 318.06
BC Portfolio (From IDBI Bank)(Rs.Cr.) 16.29
No. of States 5
No. of districts 27
No. of Branches 108
No. of Active members 2,78,358
Loan Amount Disbursed during this period of 2018-19 351.07
Average O/S Loan (INR) 16,013
Regular Repayment Rate 99.69%
Number of Employees 645+

Ratings and Grading

Agencies

Rating / Grading Month

Rating / Grading / COCA

Rating / Grading / Score

ICRA

May, 2018

Rating

BBB-/Stable

CARE

May, 2018

Rating

BBB-/Stable

SMERA

August, 2018

Grading

M2

SMERA

August, 2018

COCA

C2

Our Philosophy

Service Excellence: Provide unfailing service at the right place and at the right time.

Product Offering: Listen to the market and offer practical solutions.

Support and Guidance: Understand problems and assist members whenever required.

Copyright © 2017-18 : Jagaran Microfin Pvt. Ltd. | All Rights Reserved