The IMCS Co-operative Society has been formed for the purpose of extending micro credit to the members who are unable to access finance from the mainstream banking channels. The alternate source for such people normally is the private money lenders whose rates of interest ranges anywhere from 30% to upwards of 100%. The Society has been started by a team of very well experienced and knowledgeable professionals with vast experience and complementary skill-set in Micro Financial Services.
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Registered under the Uttarakhand Co-operative Act 2003. Reg. No. TR 01 Dated 19-01-2012
Info Micro Credit Co-operative Society (IMCS) has successfully demonstrated team work and strength.
IMCS provides basic financial services such as Micro Finance within the Members of the society for income generation activities and empower their livings.
Filling the gaps by Meeting Fair Financing (F3) requirements to the poor section of community in a very Transparent, Timely and Target Oriented (T3) manner is at the nucleus of Info Micro-Credit Co-operative Society (IMCS).
Join NowMicrofinance is a tool to eradicate poverty and create sustainable livelihood support to poor families.
The poor cannot access loans from conventional banks because they have no collateral. IMCS meets the needs of the poor by providing collateral-free micro-credit at their doorstep.
Read MoreIMCS works through women's groups (Centers) because women are the most marginalized and because women tend to use resources more productively than men.
Read MoreThe poor live on the brink of subsistence, and often have to sell their limited assets or get into bonded labor (a form of indentured servitude) to survive.
Read MoreBy providing loans to the poorest, we expect to help raise their incomes and thus also spur the village economy. IMCS provides micro loans to the poor through a community-owned, Grameen banking program.
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