At Jilebia-Jagdeesh Buddha Foundation, we believe that access to financial resources is the key to self-reliance. Our Joint Liability Group (JLG) initiative is designed to help women, farmers, and small business owners access credit and financial support without requiring collateral. By bringing people together in groups, we create a trust-based lending model that empowers individuals, promotes economic stability, and encourages entrepreneurship.
Through JLGs, members share financial responsibility, making it easier to access loans, start businesses, and invest in income-generating activities.
A JLG is a small group (typically 4-10 members) who come together to take collective financial responsibility for loans. This approach ensures that all members support each other in repaying loans, making them eligible for future credit opportunities.
🔹 Group Formation – Individuals with common financial needs form a group and apply for a loan collectively.
🔹 Shared Responsibility – Every member is responsible for ensuring timely repayment.
🔹 Loan Accessibility – Since risk is shared, financial institutions provide easier access to loans with better terms.
🔹 Financial Training – Members receive guidance on loan management, budgeting, and business development.
Impact: Women and small business owners now have access to affordable loans, helping them expand businesses, improve livelihoods, and secure financial independence.
✅ No Collateral Required – Members can access loans without providing assets as security.
✅ Lower Interest Rates – Group-based lending reduces risk, leading to better loan terms.
✅ Encourages Entrepreneurship – Women, farmers, and small businesses can use loans for farming, trade, handicrafts, and enterprises.
✅ Stronger Financial Inclusion – Individuals gain banking access, financial literacy, and savings opportunities.
✅ Improved Creditworthiness – Responsible repayment builds a positive credit history for future financial support.
👩💼 Women Entrepreneurs – Women looking to start or expand their small businesses.
🚜 Farmers & Rural Workers – Individuals needing financial support for farming and agri-businesses.
🛍️ Small Business Owners – Local shopkeepers, vendors, and traders requiring capital for expansion.
🎓 Self-Employed Individuals – People engaged in handicrafts, tailoring, food processing, and home-based businesses.
Joint Liability Groups formed across different communities.
women and entrepreneurs have benefited from microfinance access.
Financial stability and growth for small-scale businesses.
Participation of rural communities in formal banking and credit systems.
We proudly collaborate with esteemed organizations to enhance financial inclusion, promote sustainable development, and empower communities. Our partnerships help us expand our reach and create meaningful, long-lasting change.