Our Work

WHAT WE DO
Shanu Micro Credit Association provide loans to individual as well as group members in poor regions of India for a range of income-generating activities. We also offers emergency loans.

HOW WE DO

  • Since its inception, Shanu Micro Credit Association has strived to follow the best practices used by poverty focused MFIs. SHANU’s managers have closely observed the methodology, products, operational structure and staff development of successful MFIs before identifying and picking up the best practices in the field of poverty lending .
  • SHANU has adopted a group lending approach and is working in the rural, semi-urban and urban areas of Uttar Pradesh and Uttarakhand.
  • SHANU focuses on the poorer sections of its target market and uses tested tools of poverty assessment.
  • SHANU started its microfinance operations by offering one simple income generating loan product, the general loan. The company plans to add other products in the coming years.
  • SHANU also facilitates optimum insurance coverage for its clients.
PRODUCT

1-SHANU Income Generating Group Loan

Loan AmountRs. 10000 to Rs. 50000
Payment FrequencyWeekly, Bi-Weekly &Monthly
Loan Tenure12 Months
Rate of Interest24.00%
Fee1% of loan amount
Inurance FeeAs per insurance company norms.
Inurance TenureLoan Duration
Insurance CoverageClients

SHANU Emergency Loan

Loan AmountRs. 10000 to Rs.50000/-
Payment FrequencyWeekly &Monthly
Loan Tenure12 Months
Rate of Interest24.00%
Fee1% of loan amount
Inurance FeeAs per insurance company norms.
Inurance TenureLoan Duration
Insurance CoverageClients

IMPACT

Customer Stories

.1-Sambala Devi(Varanasi-UP)The best part was that loan instalments are not a problem anymore. Loan Officer comes to our village and collects money in small instalments and it is a big relief for me. I never realised that taking loan and repaying it can be so easy. I am thankful to SHANU MICRO CREDIT ASSOCIATION for directing me towards a better life, now my daughters will go to school and we will also have a better lifestyle. Now we are focusing on value additions in our general store. We have best products in our store and we are very happy that now we can live a better life.

2-Anupama Rai(Haldwani-UK)Anupama began her journey with Shanu Micro Credit Association in the year 2018 with a loan amount of INR 15000 to set up a small grocery shop next to her home. She gradually developed her business and grew with a helping hand from SHANU MICRO CREDIT ASSOCIATION year after year. Anupama has now been offered her second cycle loan of INR 35000 and a refrigerator for her shop which speaks volumes about her business credentials. She is an independent woman supporting her family with income of upto INR 400 a day. Anupama is blessed with two girls, and takes pride in providing for their entire educational cost. “I am thankful to Shanu Micro Credit association for their services. I feel overwhelmed to be a part of their customer group,” says Anupama.

GEOGRAPHICAL PRESENCE

Currently Shanu Micro Credit Association is providing service in Varanasi(UP) & Haldwani(Uttarakhand) locations.