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Joint Liability Group (JLG) Loan

Joint Liability Group (JLG) Loan

  • Group of people

    A JLG is an informal group of 4–10 people who are involved in a similar economic activity. 

  • Mutual guarantee

    The members of the group provide a joint undertaking to the bank  or finance to enable them to avail loans. 

  • Collateral-free

    JLG loans are generally collateral-free.