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Safwco offers 8 types of financial products viz. Agricultural loans, Regular Monthly loans, Half Installment loans for women, Buffalo loans, Festival loans, Eidul Azha loans for Goats, and Emergency Fund. The Agricultural loans are seasonal loans for farmers, who require cash mainly for purchase of seeds, fertilizers and pesticides. The farmer pays off the loan after harvest. Average size of loan is Rs.10,000(US$ 120). The Regular monthly loans are given for a 1 year period and recovered through fixed monthly installments. The loans are taken for various types of income generation activity and include handicraft production, increasing stocks in a retail outlet, goat rearing and for purchase of equipment and machinery. The half-installment loans for women are 13 Average size of Buffalo loans range from Rs.20,000 to Rs.30,000(US$ 240-360) and are given as third or fourth loans to good clients, especially women who want to graduate from goat rearing to dairy production and are willing to make own investment to the loan for purchase of the animal. With all loans given for livestock, Safwco makes additional arrangements for their vaccination and training of the borrowers in livestock management. The Festival loans are given mainly to small producers to help them participate in a local festival. Generally, the loans are given for 3 months and are in the range of Rs.10,000 to Rs.30,000(US$ 240-360). Eidul Azha loans are for rearing male goats as sacrificial animals. The loans are recovered following Eidul Azha (Day of Sacrifice). Emergency Fund is disbursed to borrower’s family in case of death and covers burial charges and loan write off. All borrowers are required to pay a nominal premium towards the Emergency Fund.
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