Thaneakea Phum Loan (TPL)

The Thaneakea Phum Loan (TPL) is a community based lending facility that uses the Village Bank (VB) as the service delivery point. This product is designed to service women to start income-generating activities or to expand existing businesses. Traditionally women have been found to have very limited access to credit.

The borrowers form a joint liability group composed of three to seven women. While several groups still make up the VB, groups can join, be trained and receive loans at different times. Each group leader assumes all the responsibilities pertaining to her group. There are no organized meetings or compulsory savings. The VB and Credit Agent (CA) decide on the day and specific time to make payments at the village. The CA goes to the village and the group leaders and clients come to pay anytime within the agreed timeframe.

Solidarity Group Loan (SGL)

The Solidarity Group Loan (SGL) is another product option for groups. The main difference is that groups choose to make their payments directly at the TPC branch or satellite office. The loan product is for clients that need larger loans and regularly travel to the markets or businesses that surround TPC’s branch offices thus making it easy for them to come and make their payments.

The loan sizes of the SGL are typically higher. The client usually needs to complete a business survey to determine the appropriate loan size and repayment capacity based on her business cash-flow.