L&T Financial Services

Kottayam, Kerala

1. Starting business in a new villagea. Village identification within the radius b. Feasibility study of the village based on demographics, activities and financial needs of the customersc. Assist the MC-IC in making the village approval2. Sourcing of businessa. Identification of customers and forming of Joint Liability Groupsb. Filling up of the application formc. Verification of the residence and business of the customerd. KYC verificatione. Pre-disbursement trainingf. Visiting potential customers in order to develop business3. Disbursementsa. Collection of KYC documentsb. Assisting the MC-IC for disbursement activity completionc. Loan documentation4. Collection of current duesa. Collect the collection sheets and stickers from MC-ICb. Group-wise collection as per scheduled time by following the processc. Deposit of collection moneyd. MERC entry5. Collection of over duesa. Follow up with the customers with updated data report of assigned portfoliob. Collection of money as per processc. Depositing the money in bankd. MERC entrye. Assist the MC-IC in initiating action against the defaulters