RECFL

Group Loan

At RECFL, our Group Loan service is designed to empower communities through collective strength and shared responsibility. By bringing individuals together in self-help groups (SHGs) or joint liability groups (JLGs), we make credit more accessible, affordable, and sustainable for those who may not qualify for traditional loans. This approach not only promotes financial inclusion but also builds trust, accountability, and mutual support among members.

Key Features

Collective Responsibility – Loans are provided to groups, ensuring shared accountability and financial discipline.
Collateral-Free Credit – No security required; accessible to individuals who lack traditional assets.
Women-Centric Support – Special focus on empowering women-led groups and entrepreneurs.
Affordable Interest Rates – Transparent and fair lending terms with no hidden charges.
Easy Repayment – Flexible installment options to reduce financial burden.
Community Development – Encourages savings, mutual cooperation, and long-term growth.