Credit Products
Credit Plus Services

Credit Plus Services




Spandana believes that credit is essential but not sufficient to improve the livelihoods of low-income clients. We keep exploring opportunities to bundle service delivery processes to cater to various client requirements. Some of the Credit-Plus interventions are -

» Spandana Jaldhara – Safe drinking water intervention
» Renewable-energy product portfolio
» Curtail financial vulnerabilities through life-insurance
» New Market Linkages

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Spandana Jaldhara – Safe drinking water intervention
Access to safe drinking water, a Millennium Development Goal, is a precondition for health and for success in the fight against poverty, hunger and child deaths. Spandana has partnered with Unilever and PATH in the Spandana Jaldhara Project so that safe drinking water is available to the low income households. Spandana facilitates distribution of water purifier at affordable rates along with funding and service support to clients.

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Renewable-energy product portfolio

The introduction of Solar lanterns by Spandan has helped in improving the conditions at the households level. It is more cost effective, reduces the use of kerosine based lighting and also plays a vital role in reducing carbon emmisions. Solar lanterns are also helping the children to study during power cuts while the elders are able to continue to work on their income generating activities. Additionally, the households also get an additional small income out of the carbon credits. Spandana is partnering with Micro-Energy Credits for this purpose.


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Curtail financial vulnerabilities through life-insurance
In association with Max New York Life, Spandana offers a credit life protection for the borrower and her spouse avoiding over indebtness in case of exigency (death of borrower/spouse). About 10 million members are protected through this policy. Our endeavor in partnership with the insurer is to offer a speedy settlement of such claims to the nominee in events of an eventuality.

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New Market Linkages
Spandana continues to explore partnerships to create new market linkages that can synergize with its existing microfinance operations.
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