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fulfilled the loan repayment schedule free to withdraw money at any point of time
After 3 years, the amount could be withdrawn, IF the minimum balance was Tk 2,000
special savings account 3A. SAVING ACCOUNT
Interest of 8.5% p.a.
Individual loan ceiling could rise by 10%
Some amount was used to buy the shares of Grameen Bank. 1B. first basic loan provided to the new members : Tk 5,000 on time payment
All Members ceiling could further increase by another 10%
All the members were required to hold at least one share of Grameen Bank
could not withdraw any amount from their savings accounts personal savings account
re-borrow the money that was repaid during that period
obligatory savings of 5% of loan were deposited special savings account
1C. The term of the loan 3 months to 36 months loans with a duration more than 12 months after 26 weeks regular attendance in weekly meetings
borrowed more than Tk 8,000 FLEXI LOAN re-borrow the money double the amount repaid
total repayment without missing any installment were fulfilled
deposit Tk 50 a month for a period of five years or ten years Pension Savings account
1. reduce the installment amount 100% of the balance of the loan and accrued interest was provisioned at the end of
2A. borrower opted for a flexi-loan year two
2. increase the repayment duration 2 Under the flexi-loan scheme
BAD DEBT, When the loan did not get repaid in three years
3 value of the flexi-loan could not be more than the value of the basic loan
terms
RESULT : 100% provision was made for the amount (unpaid principal +interest) After a period of one year, the amount was written off
Unwilling Defaulters borrowers failed to repay the loan in spite of opting for several flexi-loans