BOC Mithuru

Mithuru

• To uplift the living standard of the “BOC Mithuru” group members
• Utilization of untouched resources in the village
• Increase income-generating opportunities among ‘ BOC Mithuru’ Society members
• Establish a cost-effective and sustainable micro-credit delivery system for “BOC Mithuru” members
• Inculcate savings habits and thrift among the ‘BOC Mithuru’ Group Members

Eligibility

Borrower 

• Be a member of a Small Group registered at Consumer and Development Banking Division (Branches should create BOC Mithuru Groups)
• Be a permanent resident and not be a willful defaulter to any financial institution
• Be able to provide equity contribution not less than 10% and proposed project should have sound cash flow

BOC Mithuru Society (combination of Mithuru Groups)

• Be registered under the society ordinance with the Registrar of Companies
• Be a Development society formed under the guidelines given by the Bank
• Society Office bearers and members should not be defaulted
   

Maximum Loan Amount

Repayment Period

 ‘BOC Mithuru’ Members

• Loan amount up to 200,000/- Maximum 36 months
• Loan amount above 200,000/- Maximum 60 months

‘BOC Mithuru’ Society

• Maximum 60 months