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what makes us different
The values we live by
VISION
To provide access to microcredit for rural development.
Mission
To provide access to microcredit for rural development To enable the rural communities of Bhutan to help themselves progress out of poverty with accelerated income growth. We achieve this by supporting the poor and transient segments with credit, continuous skills training and progress monitoring, handholding beneficiaries throughout the journey. We also support rural Small and Medium Enterprises (SMEs) by connecting them with relevant government
OBJECTIVES
Maximize social impact. Manage within prudent risk parameters. Deliver microfinance products & services with lean and efficient operations. Aim for operational self-sufficiency where possible
Our Clients are all over Bhutan
Hover on the map to see the data
Tarayana Microfinance at a Glance
Total applications received YTD
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Active Borrowers
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Cumulative all-time Borrowers
0
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Gross Loan Portfolio outstanding
0
Average disbursed loan size YTD
0
Count of Tarayana FOs using app for submissions this year.
0
Number of TMF COs
0
Active Borrowers per TMF CO
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FAQ
What are the documents required to become an eligible borrower?
CID Card of the borrower
CID card of the a Guarantor and an Nominee of ages between 18 and 60
Lagthram for (Agriculture, Hire purchase and farm machinery loans)
BOBL account with minimum of 3 months pre saving
Family Tree and MC of the borrower to indicate the borrowers relationship to nominee
Why should I have a BOBL account or maintain 3 months of pre saving.
It is essential to understand that TMF will be making routine or auto EMI deductions without having the customer go to the nearest bank and a 3 month pre-saving so that our credit officers can assess the clients saving habits and income.
Who is a nominee?
The Borrower must have a Nominee to co-sign the loan contract as a loan transfer Nominee. It is recommended that the Nominee is the Borrower’s spouse (or another legitimate immediate family member such as parents or in-laws) if possible. The obligation to repay is transferred to the Nominee if the Borrower becomes deceased or otherwise incapable to repay the loan
Who is a guarantor?
A guarantor is required for all individual loans except Hire Purchase Loans. Guarantor can also be from the same family but different source of income has to be provided.
Guarantors must be between the age of 18 and 60.
Guarantor should demonstrate the capacity to support loan repayments in the case of loan repayment delay or default:
Has a steady income source and/or regular income generating activities that are different from the Borrower’s.
Regular monthly income is greater than the Borrower’s monthly loan instalment amount
Must be able to show proof of the stated income source and amount
What is the amount, rate of interest and the loan period offered?
Tarayana Micro Finance offers loans from minimum of Nu. 30,000 to Nu. 500,000. The interest rate is 15% (p.a) with a maximum loan period of 2 years
Do I have to visit the office to apply the loan? Are there any other means if I am living in another district?
Tarayana Micro Finance does not have physical forms for the clients to apply as all the credit appraisals are online and will be conducted through calls and other social media apps. The clients can also apply through the nearest Tarayana Field Officer who will help verify your details and signing of documents.
How do i make payment using MBOB
We have made a video for better understanding click on this link to view in English or Dzongkha
how do i purchase a power tiller?
we have made a video for your better understaing please click on the link below
Visit us
Tarayana Centre, Chubachu
P.O Box: 2003
Email Us
tmf@tarayanamicrofinance.com
Call Us
+975-2-332587
+975-2-333114
+975-2-333115
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