Lokmanya Microlending – Uplifting Communities and Transforming Lives
Lokmanya Microlending offers a diverse range of financial products designed to empower women and support their right to finance. With trust at the heart of our operations, we are driven by the Power of Five, the foundation of our Joint Liability Group (JLG) Loans.
Beyond JLG loans, we provide Individual Micro Loans to support micro, small, and medium-sized businesses, as well as Micro Home Improvement Loans to help families create better living spaces.
To learn more about our products and services, explore the details below or reach out to us through our contact form. Lokmanya is here to partner with you on your journey toward financial independence and growth.
Disclaimer: Microlending Loans are at the sole discretion of Lokmanya Multipurpose Co-operative Society Ltd.. Terms and conditions apply.
Advantages Of Microlending Loans?
Quick Loan Processing
Access to quick funds
Collateral-free loans
Minimal Documentation
Tailored Solutions
Empowering Growth
Types of Microlending Loans
Loan Amount 25,000 to 50,000
Minimum Rate of Interest 22.50%
Maximum Rate of Interest 23.50%
Processing Fees 1.95% + GST
Repayment Frequency Monthly (EMI)
Joint Liability Group Loans
Empowering Women Entrepreneurs with JLG Micro Loans
At Lokmanya, we believe in fostering entrepreneurship and empowering women to achieve financial independence. Our Joint Liability Group (JLG) Micro Loans are specifically designed to support groups of women in their journey toward success.
This unique, transparent process ensures that women can access funds without unnecessary delays, allowing them to focus on building their businesses and contributing to their communities.
Start your journey toward financial freedom today with our trusted JLG Micro Loans!
Key Features of JLG Micro Loans:
Loan Amounts: ₹25,000 to ₹50,000
Purpose: Perfect for business setup, expansion, or extension
Trust Over Paperwork: Minimal documentation required
Quick Processing: Loan approval and disbursement in just 3 days
On-the-Spot Decisions: Instant acceptance or rejection of applications
Individual Loans
Meeting the Evolving Aspirations of Microfinance Customers
As our Microfinance customers grow and mature, so do their aspirations. Recognizing this, Lokmanya offers tailored Individual Loans to meet their evolving financial needs. While the group lending model works effectively for smaller amounts, it has its limitations beyond a certain loan threshold.Our Joint Liability Group (JLG) Micro Loans are specifically designed to support groups of women in their journey toward success.
At Lokmanya, we are committed to building trust and enabling financial growth by providing the right financial solutions at the right time.
Let us help you take the next big step in your journey!
Key Highlights of Lokmanya Individual Loans:
Purpose: Designed specifically for graduating JLG customers and new customers seeking higher financial support.
Loan Amount: ₹50,000 to ₹1,50,000
Rate of Interest (ROI): 21.50%
Seamless Experience: A smooth and efficient loan approval process, ensuring quick disbursement and customer satisfaction.
Loan Amount 50,000 to 1,50,000
Minimum Rate of Interest 21.50%
Tenure 36 Months
Processing Fees 2.25% + GST
Repayment Frequency Monthly (EMI)
Microlending Loan Process
1. Group Formation Meeting
Create a Joint Liability Group and educate members on loan responsibilities.
2. KYC Check and Credit Check
Verify identity and financial history for eligibility.
3. Training Meeting
Provide financial literacy and loan term guidance to applicants.
4. Residence Verification
Conduct field visits to confirm applicant’s address and stability.
5. Loan Application
Submit the application with necessary documents for review.
6. Loan Disbursement
Approve and disburse funds transparently to the applicant’s account.
Microlending Loan Eligibilty Criteria
Documents Required for Microlending Loan
How to apply for a Microlending Loans?
Visit Our Branch
One of the ways to apply for a Microfinance Loan is to visit one of our Microlending Loan branches in Goa, Maharashtra, Karnataka, or Delhi, where our representatives will guide you through the entire process seamlessly.
Call us
Applying for a Microfinance Loan at Lokmanya Multipurpose Co-operative Society Ltd. is just a phone call away! Simply contact us at 1800 212 4050 and we will guide you through the process.
Call us
Applying for a Microfinance Loan at Lokmanya Multipurpose Co-operative Society Ltd. is just a phone call away! Simply contact us at 1800 212 4050 and we will guide you through the process.