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info@jagaranmf.com / Webmail

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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.

Customers are provided a copy of complete set of loan documents along with KYC on request.

Current Out Reach

 Key Operational Statistics as of 28th Feb 2019.
 Gross Loan Portfolio (Rs. Cr.)    373.06
 BC Portfolio (From IDBI Bank)(Rs.Cr.)      19.11
 No. of States             5
 No. of districts           27
 No. of Branches         115
 No. of Active members 2,94,103
 Loan Amount Disbursed (Rs. Cr) during this period of 2018-19    512.44
 Average O/S Loan (INR)    17,485
 Regular Repayment Rate   99.79%
 Number of Employees         670

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