Max United Foundation

Koottayma-a vision for microfinance, seeks to provide a wide package of financial services (savings, finance, training & insurance) which leads the poor to economic sustainability through micro enterprises and other business development activities like business training, consultation, marketing and technical assistance to entrepreneurs and the poor to enable them to operate their own productive economic activities. It seeks to serve a spectrum of people ranging from labour poor to self-employed poor.

We believe that SEED demonstrates that God’s concern for the poor are not just to meet their economic needs, but to empower them to address their own needs collectively.

Max United realizes that Micro enterprise programs are the most recent version of credit-led poverty alleviation.

INCOME GENERATION LOAN

Income Generation Loans is our core product through which the credit needs of lack of financially underserved households are met. An Income Generation Loan is provided to individuals in a group comprising a minimum of 5 and a maximum of 7 women. The loans are based on group guarantees. After completion of each cycle or tenor of a loan a customer can avail of another loan generally of a higher amount. The loan amount ranges from Rs. 20,000 to Rs. 1,00,000.

Product Attributes	Description/Details
Purpose	To create assets or provide working capital for any lawful income generation activity
Loan Amount	1st Cycle – Rs. 20000/- 2nd Cycle – Rs. 35000/- 3rd Cycle – Rs. 50000/- 4th Cycle – Rs. 60000/- 5th Cycle & above – Rs. 60000 – 1,00,000/-
Rate of Interest	15.00% on flate basis.
Processing fee	1% of the loan amount + service tax
Loan Period	up to Rs.20000/- 1 year above Rs.20000/- 2years
Repayment Frequency	Weekly
Moratorium Period	1 Week / According to repayment frequency

PERSONAL LOAN / PRODUCT LOAN

The product loan product is designed to the group members who have completed six months under MAX UNITED microfinance programmes for fulfill their personal needs like purchasing home appliances, mobiles, other electronics and electrical items, repay another debts and any other personal expense. This product is covered to all existing small batch loan customers with a ticket size of up to Rs. 10,000 – 15,000 for a period of up to 12 months.

Product Attributes	Description/Details
Purpose	Consumption / Personal purpose
Loan Amount	1st Cycle - Rs. 10000/- 2nd Cycle & above – Rs. 15000/-
Rate of Interest	15.00% on flat basis.
Processing fee	1% of the loan amount + service tax
Loan Period	up to Rs.15000/- 1 year
Repayment Frequency	Weekly
Moratorium Period	1 week - according to repayment frequency

HOUSING LOAN

Many of our customers construct homes slowly and ‘incrementally’ over time, in keeping with their needs and the availability of resources. The home improvement loan speeds up this process of minor improvements, extensions, repairs and renovations thereby improving the standard of living of our customers. The product is covered to customers with a proven credit history after they have completed 12 months in a small batch loan structure. The loan amount ranges from Rs. 50,000 to Rs. 1,00,000 for a tenure of up to 24 -36 months.

Product Attributes	Description/Details
Purpose	For construction of new house and extension/renovation of existing house
Loan Amount	From Rs 50,000 to Rs 60,000
Rate of Interest	15 % on flat basis.
Processing fee	1% of the loan amount + Service tax
Loan Period	24 months
Repayment Frequency	Weekly
Moratorium Period	1 week

EDUCATION LOAN

The education loan product is designed to member’s children who have going school for their tuition fee, admission fee, exam and library fee, purchase of text books, uniforms and other school-related material. This product is covered to all existing small batch loan customers with a ticket size of up to Rs. 5,000 – 15,000 for a period of up to 12 months.

Product Attributes	Description/Details
Purpose	For the educational purpose of group members’ children for meeting tuition fee and non tuition fee.
Loan Amount	Up to 10thStd - Rs. 5000/- For Plus 1 & 2 - Rs. 10000/- Above +2/College - Rs. 15000/-
Rate of Interest	15.00 % on flat basis.
Processing fee	1% of the loan amount + service tax
Loan Period	Up to 15000 – 1 year
Repayment Frequency	Weekly
Moratorium Period	1 week / according to repayment frequency

Micro Finance

INCOME GENERATION LOAN

PERSONAL LOAN / PRODUCT LOAN

HOUSING LOAN

EDUCATION LOAN

Vision of Micro finance