Access to financial services is a key element in the process of socio-economic empowerment of the financially under-served sections of the society. At SS, we support initiatives to enhance access to financial services by bridging gaps wherever there are missing markets, to improve productivity in the country, livelihood opportunities and bring more people into the socio-economic mainstream, thus contributing to the full realization of India’s vast untapped market.
Micro-finance is a general term to describe financial services to those who do not have access to typical banking services or to low-income individuals.Boom Solution came into Micro-finance with a simple but revolutionary concept: Loan poor people money on terms that are suitable to them and teach them sound financial principles so they can achieve financial self-sufficiency.
Micro-finance is also the idea that low-income individuals are capable of lifting themselves out of poverty if given access to financial service. While some studies indicate that micro-finance can play a role in the battle against poverty.
Important Note : Loan Amount and Interest Rate is applicable according to the Clients' documents and Bank Policies.