Social Welfare Program

Social Welfare Program

All loan customers are mandatorily required to participate in social welfare program. Membership shall be granted to the customers immediately after they contribute funds to the program. All members of the program shall contribute 0.5% of loan disbursement amount at the time of disbursement of each loan cycle. No partial contribution shall be accepted. The customer who have membership in this program shall have privilege as following:

Social Welfare Program
IncidentsCompensation benefitevidence
Loan BalanceFund (MMK)
Death* (Except suicide)Borrower100% Write-off100,000Death Certificate
Co-borrower50% Write-off50,000
100% DisabilityBorrower100% Write-off100,000Hospital Papers
Co-borrowerNot Applicable
Childbirth DeliveryBorrower or Co-borrowerNot Applicable50,000

The tenure of program membership shall be exactly as the loan tenure and the membership shall be expired if the client does not continue their loan into new cycle after closing or maturing the existing loan.

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