Productive Loans – applied to something that will produce or increase income. Ex. to buy fertilizer, to run a small business, to put up a backyard poultry or piggery etc..

Provident Loans - applied to something that will provide for future needs or for something that has happened. Ex. Medical needs, hospitalization, etc.

TMC member in good standing who has qualified and has complied with the membership requirements:

1.Membership application duly approved by the Chairman, Vice-chairman and Manager every Saturday;

2.Has paid the required minimum Fixed and Savings deposit;

3.Has undergone the prescribed pre-membership seminar;

4.Has become an active member of the Saranay Program; and

5.Has not violated any provision of the By-laws, the Rules and Regulations and policies promulgated.

1.Character - willingness to pay, background, good credit records;

2.Capacity to pay- ability to pay when due;

3.Collateral/securities/guarantees offered- to ensure the repayment of loan.

4.Capital - Amount of Fixed deposit/Share capital, net worth, investments

5.Conditions - regarding the business of applicant, products, location of business etc.