Saviya - Microfinance | Pan Asia Banking Corporation

Applicant must be a permanent resident of the area
Age between 18 to 55 years and economically active. If above 55 years, applicant can apply for the credit facility jointly with an immediate family member
Should have an existing micro / small business or the capacity to develop a new one with potential customers. Applicant needs to present a small business plan included in the application which contains a marketing plan for the products / services
An equity contribution of the estimated cost of the activity towards starting a new project or expansion/diversification of the existing project/business as follows;
- New projects – 25% (minimum)
- Expansion / diversification – 15% (minimum)
Be able to satisfy the bank that the proposed activity has a sound cash flow and a good repayment capacity beyond doubts
Applicant should undertake to save a minimum of Rs.500/- as a monthly saving and same to be held under lien as an additional security

Grama Sevaka certificate
Customer loan application
Copy of NIC/DL/PP
Business plan & sales and purchases for 6 months for existing business activities
Accounts for performance for past 6 months (if any)

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Saviya – Microfinance