Seven-in-One facilities for the women group:
Microfinance Alone is not Enough Need Credit Plus …
For poor households and individuals, microfinance can be an essential service to improve their quality of life, earn income, and stabilize their financial situation. However, microfinance is not a magic bullet that will alleviate poverty and change lives all on its own. By being paired with other services, microfinance becomes a much more powerful tool for improving lives and livelihoods. With this knowledge, VSSU has started their “7 in 1 model”, which provides a variety of other services in conjunction with microfinance to best serve the clients and help them improve their situation.
Accidental Death Benefit |
Covers maximum 5 members of the whole family that includes parents. Can be availed by any one of the registered 5 members within the age group of 5 - 60 years. Time limit: Within the period of maturity. Maximum amount is Rs. 5000 that includes 100% of the client’s deposit amount with interest and rest will be borne by VSSU.
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Accidental Medical Help
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Covers maximum 5 members of the whole family that includes parents. Can be availed by any one of the registered 5 members within the age group of 5 - 60 years. Time limit: 1 year from the date of registration. The patient has to undergo treatment in any of the Govt. or private hospital for 72 hours. Maximum Rs. 1000 will be borne by VSSU. |
Group Travel facility |
50% of one way conveyance cost for 200 km. maximum Rs. 2000 will be borne by VSSU for one group. |
Training Facility
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50% (maximum amount Rs. 2000) for any capacity building training will be borne by VSSU for one group members |
Child Education Crèche
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facility for group members 50% of the payable amount for the teacher’s salary will be borne by VSSU. |
Interest Free Sanitation loan |
Maximum loan amount is Rs. 3000 payable in two installments. |
Best Group Award |
Best group for the year will be selected according to VSSU Group Assessment norms and the best group will be awarded in order to recognise their good performance. |