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Microenterprise Loan

The microenterprise loan was introduced in mid-July 2000. This loan targets graduates of collateral free loans The clients eligible for this loan must have taken General Loan, maintained strong credit discipline, have improved economic condition from previous loans, be willing to contribute at least 20 percent equity (10 percent cash and 10 percent in-kind), submit collateral, and demonstrate an ability to operate a micro-enterprise. The loan size, term and other conditions for this loan are as follows:

The loan size, term and other conditions for this loan are as follows:

Maximum Loan Size Rs.	Loan Term	AnnualInterest Rate	Repayment Frequency
150,000	2-3 Years	15% declining	Fortnightly to Quarterly