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Who we areWe are a Micro Finance Institution incorporated under the company’s Act no 17 of 1982 in the year 2000.We are providing five Micro Finance products for the benefit of small entrepreneurs women as well as men. With special reference to women in the rural sector. engaged in income generating projects. Credit facilities provided by Agro Micro Finance so far have enabled the small producers and entrepreneurs to significantly improve their standard of living from their income generating activities. Although Micro Finance programs do assist in raising. The living standards of the poor it is also necessary that beneficiaries of the loan scheme are naturally endowed with some degree of some entrepreneurial skills and the determination to succeed. . Loans are granted to members of Agromart societies which are serviced by the Agromart Outreach Foundation – our sister organization on a priority basis. Agromart outreach foundation was founded in 1989 who also initiated credit program in a small way as far back as 1994. Loans are granted only on submission of an acceptable project report after an appraisal of the project only the loan and the period of repayment is decided upon. And after educating loanies at training classes a schedule of repayment of installments and interest payable is given to them along with the loanies. At the training class the loonies are given a thorough understanding of the culture of the credit timely payments and their benefits and also on savings. . |
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