(1) This loan facility may be provided by the organization on the basis of member's share, savings amount and past transactions.
(2) In case of non-payment of principal and interest within the time limit, the debtor shall deduct the loan amount due from the institution from the share amount and savings deposit of the debtor and the remaining amount due from the guarantor shall be deducted from the share amount and savings deposit.
(3) This loan may be made available on the basis of collective security.
(4) The limit, term, interest rate and payment schedule of the loan shall be as determined by the Board of Directors from time to time.

10.1 Documents to be submitted for taking collective guarantee loan

(A) Loan application letter and loan application form filled by the debtor himself.
(B) Certified copy of Nepali citizenship certificate 1 copy.
(C) 1 copy of recent passport size photograph.
(D) Details of the business to be operated after taking the loan.
(E) In case of non-repayment of the loan as per the loan repayment schedule, in case of non-repayment of the loan, the member will be required to pay the loan installment in Damasahi and deduct the amount from the shares and savings in the institution.
(F) Certified copy of the citizenship of 1 member who is living as personal guarantor.
(G) 1 copy of passport size photo of 1 member holding personal deposit.
(H) Details of the transaction account held in the institution of the member seeking the loan, certified copy of the share certificate.
(I) Map to reach the debtor's house and project.
(J) With the consent of the family member of one house and the security of the money in respect of consuming the loan.