SAVING PRODUCT ::

 

 

PasGBB provides saving services to the clients. The saving schemes include group saving, center fund, emergency fund, personal saving and child education saving scheme. Group savings are compulsory savings of 5% of each loan disbursement, with additional contribution of one rupee each week.

 

Group savings can only be accessed by members after five years. The centre fund (one rupee per week) is used to build centre meeting buildings. Personal saving are voluntarily savings that attract a 6% interest rate, while the child education saving scheme is a cumulative saving scheme over seven years, used for education purposes.

 

The credit products include a microbusiness loan and a microenterprise loan. The microbusiness loan is provided through groups, using peer guarantee for repayment, and is repayable in 50 weekly installments. The microenterprise loan is provided to members having graduated from the microbusiness loan, require a collateral, and is repayable in monthly installments over two years.