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Bank loans generate 20,000 successful entrepreneurs

March 04, 2019 00:00:00


RAJSHAHI, Mar 03 (BSS): Rezaul Haque, 45, has installed commercial fish farming on 95 bighas of water bodies in Sundarpur area under Paba upazila in the district.

After getting training from Department of Fisheries and Department of Youth Development Rezaul had initiated the fish farming business around twenty years back. Now, he is a successful fish farmer.

"In the initial stage, I got loan worth Tk 50,000 from Rajshahi branch of Karmasangsthan Bank," Rezaul said while talking to the news agency in the district on Saturday last.

He also received financial support from the Department of Fisheries and the Department of Youth Development at that time.

At present, his investment has been cumulated to over Tk 10 million.

Lastly, he borrowed loan of Tk 0.8 million from the Karmasangsthan Bank that brings furthermore dynamism into his business.

"I had to realize the nature of the business in first 15 years. But I'm getting success since last five years continuously," Rezaul said adding that his yearly income has stood at Tk 1.0 million at present on an average.

Fish farming has brought solvency in his family side by side with boosting his level of self-confidence.

Rezaul's success inspires many others to the fish farming business in the area contributing to meet up gradually mounting protein demands.

Borhan Uddin, 42, another fish farmer of Bagsara village under the same upazila, has invested Tk 7.5 million. He added Tk 0.6 million to his business on 75 bigha of water body after taking loan from Karmasangsthan Bank freshly.

His investment is expected to be Tk 10 million within next one year. Talking to the news agency, the entrepreneur said there is no alternative to enhance investment to exist in the business.

Shahajahan Ali, 35, owner of Juthi Bostraloy in Nawhata Municipality Market, said he is running his business with credit support from the state-owned bank for more than last one decade. He terms the loan facility as entrepreneurs-friendly.

Mokbul Hossain, 46, owner of Mehedi Shoe store at the same market, said he has enhanced his business volume with the credit support. He repays his loan installment regularly.

These entrepreneurs are among more than 20,000 others who have built their fortune from zero after getting loan support from the bank that contributes a lot to infusing dynamism into economic condition of the region.

Mizanur Rahman, manager of Paba Branch of the bank, says many promising youths have become successful entrepreneurs after best uses of the loan privileges. Success has been attained through proper evaluation before giving loan and intensive surveillance after disbursing loan. As a whole, the bank always remains with the borrowers as their consultants.


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