GF goes for financing small and micro industries that have the following features:
Enterprises in rural areas that need working capital and fixed capital investment in ongoing as well as new small scale industries. Grameen Bank Network shall be used to execute this scheme.
Financial Facilities and Conditions
Size of Loan
: Small scale: Less than 3.00 million Taka.
Micro scale: Less than 2.00 million Taka.
Maturity
: Between 1 to 3 years.
Interest Rate
: GB Network - 22% per annum
GBS Network - 17% per annum
Grace Period
: Depending on prospective cash flow.
Documentation Charge
: 1% of the total loan disbursed (in case of projects come in through Grameen Bebsha Sheba Pvt. Ltd.)
Collateral
: Generally in the form of assets of the project enterprise.