RENEW MFI actively supports the elevation of financial literacy in rural regions. This enables the rural population to save and to take up loans wisely.
In order to build their own assets and to improve their saving habits, the clients must save monthly Nu. 100.
The clients are also encouraged to contribute voluntary savings. The member is also encouraged to contribute voluntary amount from Nu. 50 to Nu. 3,000 per month.
RENEW Microfinance now has a new product called the “YESHEY DAWA PREMIUM SAVINGS”. We believe in incorporating a culture of savings, whereby the clients will be strongly motivated to have a long term source of capital for their own better future.
The Agriculture Loan seeks to assist the clients to implement agriculture and agriculture related business like livestock raising and farming.
The Business Loan is to assist the clients to help startup small business or expand the existing business. This includes the loan for production, trading, services and diversification of income.
The Multipurpose Loan intends to assist the clients by providing finance for sending their children to school, meeting school fees and investing in their own house.
The Emergency loan is provided to the clients in emergency circumstances such fire, accident, hospitalization and death/funeral and other crisis situation. The amount is small and is given in time of dire need.
Together with the new project PRuDent (Project for Rural Development in Bhutan) RENEW MFI is pleased to announce a new loan product:
