7. Micro credit-is a provision of credit
and other financial services and products
of very small amount to the poor in rural,
semi urban & areas for enabling them to
raise their income levels and improving
standards
Micro savings- savings made by
low income or poor people made
their savings in particular
institutions.
8. Promotes credit as
human being
To help poor people
Generate self
employment
Building social capital
Loans are repaid in small
installments
Challenge of traditional
banks
9. Types of micro savings
products
• Involuntary deposits
• Voluntary deposits
• Contractual savings
• Time deposits
Types of Micro Credit products
1) Income generation loan (IGL)
2) Mid Term loan (MTL)
3) Emergency loan
4) Individual loan
10. Low rate of interest
on loan
Not a charity
Size of loan and
savings
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25. Not available the micro
services at vast level
Unawareness among
people
Infrastructural facilities
Doubts in mind of people
26. Improving proximity
Less costly services to poor
people
Improving the security
Organizational staff’s
attitude ,culture is user
friendly
