SUWS is presently serving the members in nine districts of West Bengal through 91 branches and providing financial support for various activities for generation of employment, production entrepreneurship, developing resources of the community and income generating activities. Credit is extended to the female individuals of SHGs on easy terms so far the rate of interest and loan repayment are concerned. Repayment of loan is allowed on 52-weeks term with interest at 13%(flat). While disbursing the loan society collects insurance fee and customer mentoring charges from its SHG members. Following the RBI guidelines no security deposit is taken from the borrowers against the micro-credit loan.
|Type of Loan||Lending to SHG Members|
|Loan Size||Rs. 2000 to Rs. 20000|
|Loan Period||52 Weeks|
|Rate of Interest||13% (24.83% on reducing balance )|
|Other Fees||Insurance Fee 1% and Customer Mentoring charges – 1%, on the loan amount.|