Group
loans replace collateral as a form of guarantee. A self-selected
group of clients guarantees each other's loans with the
understanding that no one in the group will receive a
new loan until each member's previous loan is repaid.
Solidarity guarantees work by linking new loans to on-time
repayment of past loans. TPC offers three different group
loan products:
Thaneakea Phum Loan
Targets rural clients
Community based lending facility that uses the
Village Bank (VB) as the service delivery point
Borrowers form a joint liability group composed
of three to seven members
Offers loan ranging from KHR200,000 to KHR3,000,000
or THB2,000 to THB30,000
Payment mode is monthly
Payment term is fixed or end of cycle (EOC)
Interest is competitive
Solidarity Group Loan
Targets rural clients that need larger loans
and regularly travel to markets or businesses that surround
TPC Branch offices
Borrowers form a joint liability group composed
of three to five members
Offers loan ranging from KHR200,000 to KHR3,000,000
or THB2,000 to THB30,000
Group members pay directly to the branch office
or satellite offices
payment mode can be weekly, bi-weekly, and monthly
Payment term is fixed
Interest rate is competitive
Market Loan
Primarily for clients who work in the market
surrounding TPC Branch locations
Targets client with business that generate income
on a daily basis and seek to make daily payments
Borrowers form a joint liability group composed
of three to five members
Offers loan ranging from KHR200,000 to KHR3,000,000
or THB2,000 to THB30,000
Payment mode is daily
Payment term is fixed
Interest rate is competitive
2. Individual Loan
Individual
loan is intended for enterprising individuals who require
larger loans for their small to medium size businesses.
The loan requires collateral, and a business survey must
be completed for all individual loans.
Targets small entrepreneurs to be used for business
expansion
Offers loan ranging from KHR500,000 to KHR20,000,000,
THB5,000 to THB200,000, or USD125 to USD5,000
Payment mode is weekly, bi-weekly, and monthly
Payment term is fixed
Requires collateral
Interest rate is competitive
3. Special loan
Special loan is available to existing clients
who may need funds to meet emergencies, to pay for events
such as death and marriage, and to pay for school fees,
among others. The loan allows the client to borrow for
multiple purposes and should be approved by the village
leader.
Group
loans replace collateral as a form of guarantee. A self-selected
group of clients guarantees each other's loans with the
understanding that no one in the group will receive a
new loan until each member's previous loan is repaid.
Solidarity guarantees work by linking new loans to on-time
repayment of past loans. TPC offers three different group
loan products:
Individual
loan is intended for enterprising individuals who require
larger loans for their small to medium size businesses.
The loan requires collateral, and a business survey must
be completed for all individual loans.