Location - All over Odisha Eligibility for Group Loans Eligibility criteria for group loans may vary by institution, but generally include: Group Formation: Typically, 5-20 members form a group. Income Criteria: Members usually belong to low-income households (e.g., annual income below ₹3,00,000 in India2). Age: Members are often required to be between 18 and 58 years old. Purpose: Loans are often for income-generating activities or community development Sales: Client Outreach: Identify potential groups in underserved areas. Product Promotion: Clearly explain the benefits and terms of group loans Building Trust: Establish strong relationships with clients to encourage participation. Financial Education: Educate clients about loan usage and repayment schedules. Target Achievement: Work towards meeting sales goals while maintaining ethical practices. Collection: Regular Monitoring: Track repayment schedules and ensure timely collections. Group Meetings: Conduct regular meetings to collect repayments and address concerns. Conflict Resolution: Mediate disputes within groups to maintain harmony. Transparency: Maintain clear records of collections and repayments.
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