ASA to disburse Tk 680m loan among Brahmanbaria poor
Friday, 29 January 2010
Our Correspondent
BRAHMANBARIA, Jan 28: ASA has set a target to disburse Tk 680 million loan among small and medium entrepreneurs (SMEs) and poor farmers in the district from January to June of the current calendar year.
The announcement came at the NGO's branch managers co-ordination meeting at the town recently with its District Manager Md Kutub Miah in the chair. ASA Deputy Director (DD) Md Hamidul Islam was present in the meeting as the chief guest.
The district's SMEs and poor farmers will also get easy term loans to improve socio-economic conditions and alleviate their poverty.
The loans will help increase production and incomes of the small and medium farmers, and entrepreneurs to contribute to building a digital Bangladesh.
The programme has brought fundamental changes in the conventional structure of micro-credit, as the organisation initially forms group and then launches collection centres without any group guarantee.
It includes 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.
Besides, a number of CNG projects, house building, apple qul 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.
The chief guest stressed the need for expanding and reaching the micro-credit facilities to the highest number of grass-root level beneficiaries through improving efficiency of the ASA workers to face the challenges of micro-credit programme successfully.
ASA disbursed loans amounting to Tk 1.24 billion (Tk 124 crore) last year among the poor farmers and entrepreneurs in Brahmanbaria through its 53 branches while the target was Tk 1.04 billion. Disbursement money was Tk 200 million more than the target.
ASA distributed Tk 150,000 as medical assistance, Tk 350,000 as death claim and Tk 100,000 as Nirapatta Dabi (security claim) during the period.
BRAHMANBARIA, Jan 28: ASA has set a target to disburse Tk 680 million loan among small and medium entrepreneurs (SMEs) and poor farmers in the district from January to June of the current calendar year.
The announcement came at the NGO's branch managers co-ordination meeting at the town recently with its District Manager Md Kutub Miah in the chair. ASA Deputy Director (DD) Md Hamidul Islam was present in the meeting as the chief guest.
The district's SMEs and poor farmers will also get easy term loans to improve socio-economic conditions and alleviate their poverty.
The loans will help increase production and incomes of the small and medium farmers, and entrepreneurs to contribute to building a digital Bangladesh.
The programme has brought fundamental changes in the conventional structure of micro-credit, as the organisation initially forms group and then launches collection centres without any group guarantee.
It includes 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.
Besides, a number of CNG projects, house building, apple qul 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.
The chief guest stressed the need for expanding and reaching the micro-credit facilities to the highest number of grass-root level beneficiaries through improving efficiency of the ASA workers to face the challenges of micro-credit programme successfully.
ASA disbursed loans amounting to Tk 1.24 billion (Tk 124 crore) last year among the poor farmers and entrepreneurs in Brahmanbaria through its 53 branches while the target was Tk 1.04 billion. Disbursement money was Tk 200 million more than the target.
ASA distributed Tk 150,000 as medical assistance, Tk 350,000 as death claim and Tk 100,000 as Nirapatta Dabi (security claim) during the period.