Empowering Communities Through Collective Strength
The Joint Liability Group (JLG) Loan is ACFL’s flagship financial inclusion product, inspired by the globally acclaimed Grameen lending methodology and thoughtfully adapted to suit the socio-economic realities of local communities. This model promotes mutual accountability, financial discipline, and collective progress by bringing together like-minded women entrepreneurs who support one another in achieving economic independence.
Beneficiaries
Women from low-income households, rural and semi-urban communities, self-employed individuals, and first-generation entrepreneurs seeking to start or expand income-generating activities.
Purpose
To provide working capital and business financing for productive livelihood activities that generate sustainable income and improve the quality of life of borrowers and their families.
Major Economic Activities Supported
- Animal Husbandry
- Dairy Farming
- Poultry Farming
- Small Retail Trade
- Tailoring and Garment Activities
- Food Processing
- Handicrafts and Artisan Work
- Agricultural Allied Activities
- Service-Based Enterprises
Loan Amount
₹50,000 to ₹75,000
Loan Tenure
Up to 24 Months
Impact
- Increased household income
- Enhanced financial independence for women
- Creation of local employment opportunities
- Improved social and economic well-being
- Strengthened community participation and financial discipline
Result
The JLG model serves as the first step in the entrepreneurial journey of thousands of women, helping them transition from financial exclusion to economic empowerment.
Achieving Your Vision
Planning for retirement is essential to your long-term financial well-being. At Finovate, our experienced team collaborates with you to identify your retirement goals and crafts a tailored, comprehensive strategy to help you achieve them with confidence.
How Can Our Team Help You to Reach Your Goals
Learning About You
Schedule a 30-minute call with our professional to discuss your goals and how we can help. This phone or Zoom call also outlines who we are and our process.
Organized Meeting
Meet with our team to gather the necessary data for your Financial Plan. We’ll discuss your finances, lifestyle, and goals, including investments, assets, expenses, and income.
Plan Meeting
Our advisor will present your personalized financial plan, ensuring it aligns with your evolving needs and goals, and provide clear steps to help you reach your financial objectives.
Implementation
Your advisor will send a copy of your plan with an actionable list of recommendations. We’ll implement and manage these, keeping you updated.
