Community Friendly Movement (CFM) Fair Trade Member; India Handicraft, Retail, Wholesale, Supplier, Member of Fair Trade Federation, Fair Trade Organization, IFAT, Co-op America, Jewellery, Glass bead Jewellery, Bags, Tote Bag, Home Furnishing, Handicraft India, Ethical, Artisans, Jaipur, Rajasthan, Goa, Tote Bags, Organic, Cotton, Block print, Khari Print, Bagru Print, Rapid Print, Pigment print, Discharge print, Kalamkari print, Jute, Yoga Mat, Sling bag, Bangles, Bracelet, Exporters, ethnic jewellery, beaded ethnic jewelry, kashmiri handicrafts, zari, x-mas decorations, jute hemp jewellery, indian handicraft trade

CFM Financial Access Program (CFAP)

Almost 90% of the artisans in India live around the poverty line and the contractors, middle man and the agents are their main financers in term of advances and credit at high rate-sometimes as high as 10% per month. Inability to fully finance the household consumption needs during non availability of work or due to health constraints affects an artisan's ability to remain stable in the tradition. Artisan and weaver communities have not benefited from mainstream Micro Finance Institutions (MFIs) as they have fixed scheduled of repayments and the poor community due to their cyclical nature of trade can't fulfill these requirements.

Mission
'To provide relevant financial support to Network Artisans and Entrepreneurs across India, so that they are able to increase income, promote equity and fair compensation, preserve traditional culture and skills, advance environmentally sustainable practices and improve their health and working conditions'

Target Clients
Producer Groups, Small Entrepreneurs and NGOs working with Artisan / Weaver Communities who fulfill the standards of Fair Trade and are linked with 'CFM-Partner Network'

Area of operation
Partner Network across India.

Services
Two different set of services for individual Artisan / Weaver and Producer Groups / Entrepreneurs / NGOs to address their different financial needs.

Products Description

For individual Artisans / Weavers

	Loan for Consumption and Health Need	Loan for Micro-enterprise Development	Loan for retiring Old Debts
Max Amount	Rs. 3000	Rs. 5000	Rs. 3000
Registration	Registered with CFM-Network for at least 3 months	Registered with CFM- Network for at least 3 months	Registered with CFM- Network for at least 3 months
Loan Duration	12 months	12 months	12 months
Interest rate	6% per annum	6% per annum	6% per annum
Principal repayment	At least 50% of the loan amount in the first six months	At least 20% of the loan amount every quarter	At least 25% of the loan amount every quarter
Processing fees	Rs 100 includes processing fees and credit insurance facility for client during loan duration	Rs 100 includes processing fees and credit insurance facility for client during loan duration	Rs 100 includes processing fees and credit insurance facility for client during loan duration
Collateral	Guaranty of two guarantors from the same village/ community	Guaranty of two guarantors from the same village / community	Guaranty of two guarantors from the same village / community
Waiver	In case of death of the applicant	In case of death of the applicant	In case of death of the applicant

For Producer Group / Entrepreneurs / NGOs

Loan Reason/ Cycle	Loan for Enterprise Development	Loan for Raw Material	Loan for Work Place Intervention	Loan for Marketing	Eligibility Criteria for next cycle
First Cycle	50,000	25,000	50,000	50,000	-
Second Cycle	50,000	25,000	50,000	50,000	After 50 % repayment of First Cycle
Third Cycle	1.00,000	50,000	1.00,000	1.00,000	After 50 % repayment of Second Cycle
Fourth Cycle	1.00,000	50,000	1.00,000	1.00,000	After 50 % repayment of Third Cycle
Loan Duration	12 month for first cycle and 12-24 months for the next cycles
Interest rate	8% per annum
Principal repayment	At least 25% of the loan amount every quarter
Processing fees	2 % of the sanctioned amount
Collateral	Personal guarantee from main promoters on Rs100 non judicial stamp paper

Micro (Life) Insurance

All artisan member of CFM are insured under a micro (life) insurance scheme.