Head office, Dhaka
Micro Credit Division

Micro Credit has now been accepted and recognized as an effective tool for poverty alleviation, self employment and rural socio-economic development. In commitment to reduce poverty in urban and semi-urban and rural areas, Sonali Bank Limited has started micro credit function through a full fledged Micro credit division in its Head Office from 2003.  As such the Bank has been striving its best to provide speedy and active support to this sector.

Presently, 32 Micro Credit projects/programmers are being run by the Bank. Amongst the programmes, Bank-NGO Linkage wholesale credit programme, Goat rearing, Lamb rearing, Fruit, Herbal, Medicinal and Nursery development credit scheme, Loan programme  for Disabled persons, Swanirvor, different types of Credit through BRDB-UCCA                         ( Corp,Irrigation & Poverty Alleviation), ADB financed Rural Livelihood project (RLP) in 152 Upazillas, Daridro Bimochone Shahayta Rin Karmachuchi, Rural small business & Small Farming loan scheme , BARD Comilla - SB & RDA Bogra - SB Functional Research project etc. deserve special mention in  channelising the financial resources for poverty alleviation and rural socio economic development of the country. Credit for Urban Women Micro Enterprise Development (CUMED) project without colleteral upto Tk. 5.00 lacs  operating in 9 selected branches in Dhaka city, now CUMED has been extended in Dhaka city more 17 branches in addition to existing 9 branches, Chittagong two branches, Moulavi Bazar 3 branches and intotal 92 branches  including all  District branches of all over the country . Micro Entrepreneur development credit programme -`Unmesh’ operating in Moulvibazar district, now this  credit programme has been extended all over the country. Daridro Bimochone Shahayta Rin Karmachuchi now has been extended all over the country in the year 2010. In the year 2007 a special credit programme named ` SIDR ‘ has been introduced for SIDR affected  areas in which there is a provision of collateral free loan upto Tk. 20,000.00 .

More 0ver to make the self dependency specially for the women Micro credit Division has been introduced a new Loan programe in the year 2010 named  ~ Jago Naree Grameen Rin “   through 250 Rural branches all over the country with a  provision of collateral free  upto Tk. 25,000.00. Poverty alliviation credit program extended all rural branches in year 2011. 


Recently Micro Credit Division introduced "Ideal Village Programme" aiming at alleviating poverty at sustainable level.  The poor professionals of the rural areas (Both man & woman) those who are reaching out of micro finance assistance  being selected as beneficiary under this programme and provided collateral free and easy access credit facility.

"Ideal Village Programme" already launched at 6 districts and at seven other districts is in progress. Hoping that this programme will be implemented every part of the country gradually.

Micro Credit Division provided Tk. 5396.40 Crore to 6605734 beneficiaries upto 31-12-2013. Present Outstanding Tk.1062.01 Crore against 302557 beneficiaries.

 

Features :

SL.

Project/Programs

Target group

Loan size in Tk.

Rate of Interest(%)

A. Bank's own Program

1

Bank-NGO Linkage wholesale Credit.

Poor people

According to project size

13

2

Credit for Urban women Micro Enterprise Development- CUMED

Urban women Enterpreneurs

Highest - 5,00,000

12

3

Goat Rearing

Small & Medium Enterpreneurs

According to project size

12

4

Swanirvor

Poor Landless people

Highest - 40,000

11

5

Unmesh

Micro Enterpreneurs

Highest - 50,000

12

6

Daridra Bimochane Sahayta Rin

Hard core poor

Highest - 50,000

11

7

Rural small Business

Small Enterpreneurs

Highest - 50,000

12

8

Small Farming Loan

Small Enterpreneurs

Highest - 50,000

12

9

Loans for SIDR affected Area

SIDR affected People

Highest - 20,000

08

10

Marginal and small Farms System Crop Intensification Pro.- MSFSCIP

Marginal,poor & small farmer

Hightest - 10,000

11

11

Crop Godown credit project

Small & Medium farmer

Highest - 10,000

11

12

Herbal, Forestry, Medicinal and Nursery development Credit

Poor energetic youth

Highest - 25,000

11

13

Loan to Salt Growers

Actual Salt producer

Highest - 44,000 per acre

12

14

Loan for disabled people

Disabled people

Highest - 50,000

08

15

Sonali Bank-BARD, Comilla Priogik Gabesana Rin Prokalpa

Bittahin rural male & female

Highest 10,000

10

16

Sonali Bank-RDA, Bogra Priogik Gabesana Rin Prokalpa

Bittahin rural male & female

Highest - 10,000

10

17

Jago Nari Grameen Rin Karmachuchi

Bittahin rural female

Highest - 25,000

11

B. BRDB-UCCA

1

BRDB Crop Lending

Small & Medium farmer

Highest 8,000-15,000

10

2

Shrimp Culture

Small & Medium farmer

Highest 2,333-28,000

10

3

Wogrmen Development Proam

Co-operative poor female member

Highest 1,500-20,000

9

4

RLP (Rural Livelihood program)

Small & Medium farmer

Highest 5,000-20,000

6.25