ASA disburses Tk 1.67b loan in Brahmanbaria
Our Correspondent | Tuesday, 1 March 2011
Our Correspondent
BRAHMANBARIA, Feb 28: ASA, a leading non-government organisation (NGO) disbursed a loan of Tk 1.66 billion through its 53 branches among 88,683 farmers and entrepreneurs during the period of January to December of 2010 in nine Upazilas of the district. Small and medium entrepreneurs (SMEs) and poor farmers of the district got easy-term loans to alleviate poverty and improve their socio-economic conditions, sources said. The loan is help to increase production and income of the small and medium farmers and entrepreneurs to contribute in the development of digital Bangladesh. ASA loan programme has brought fundamental changes in the conventional structure of micro-credit, as the organisation initially forms group and than launches collection centre without any group guarantee, sources said. Its facilities also included providing loans to male members, provision for agriculture loan, interest-free rehabilitation loan, BDS or complementary loan, health insurance without premium, flexible loan for the ultra poor, savings withdrawal facility, tailor made loan repayment option in accordance with the borrowers income cycle etc, the sources added. Besides, a number of CNG projects, house building, Apple Kul farming, nurseries, power generators, trolleys, cottage industry, small scale entrepreneurs, smaller shops, agriculture and service projects and IT projects are also included in the programme.
BRAHMANBARIA, Feb 28: ASA, a leading non-government organisation (NGO) disbursed a loan of Tk 1.66 billion through its 53 branches among 88,683 farmers and entrepreneurs during the period of January to December of 2010 in nine Upazilas of the district. Small and medium entrepreneurs (SMEs) and poor farmers of the district got easy-term loans to alleviate poverty and improve their socio-economic conditions, sources said. The loan is help to increase production and income of the small and medium farmers and entrepreneurs to contribute in the development of digital Bangladesh. ASA loan programme has brought fundamental changes in the conventional structure of micro-credit, as the organisation initially forms group and than launches collection centre without any group guarantee, sources said. Its facilities also included providing loans to male members, provision for agriculture loan, interest-free rehabilitation loan, BDS or complementary loan, health insurance without premium, flexible loan for the ultra poor, savings withdrawal facility, tailor made loan repayment option in accordance with the borrowers income cycle etc, the sources added. Besides, a number of CNG projects, house building, Apple Kul farming, nurseries, power generators, trolleys, cottage industry, small scale entrepreneurs, smaller shops, agriculture and service projects and IT projects are also included in the programme.