| Microcredit |
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| Micro Credit has now been accepted and recognised 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/programmes are being run by the Bank.
Amongst the programmes, Bank-NGO Linkage wholesale credit programme, Goat
rearing,amb 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 over to make the self dependency specially for the women Micro credit Division has been introduced a now Loan programme 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. |
| Upto December, 2010 a total amount of Tk.422426 Lacs has been disbursed under various projects/programmes monitored by this Micro Credit Division, whereas it was Tk. 386529 Lacs Upto Dec. 2009. On the other hand total recovery position stands at Tk. 482839 Lacs as on December 2010, whereas it was Tk. 463854 Lacs upto Dec. 2009. The present outstanding position of Micro Credit is Tk. 98263 Lacs. |
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 |
11 |
| 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 |
11 |
| 6 |
Daridra Bimochane Sahayta Rin |
Hard core poor |
Highest - 50,000 |
10 |
| 7 |
Rural small Business |
Small Enterpreneurs |
Highest - 50,000 |
11 |
| 8 |
Small Farming Loan |
Small Enterpreneurs |
Highest - 50,000 |
11 |
| 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 |
09 |
| 11 |
Crop Godown credit project |
Small & Medium farmer |
Highest - 10,000 |
09 |
| 12 |
Herbal, Forestry, Medicinal and Nursery development Credit |
Poor energetic youth |
Highest - 25,000 |
10 |
| 13 |
Loan to Salt Growers |
Actual Salt producer |
Highest - 44,000 per acre |
4+6=10 |
| 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 |
09 |
| 16 |
Sonali Bank-RDA, Bogra Priogik Gabesana Rin Prokalpa |
Bittahin rural male & female |
Highest - 10,000 |
09 |
| 17 |
Jago Nari Grameen Rin Karmachuchi |
Bittahin rural female |
Highest - 25,000 |
09 |
| 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 |
Women Development Program |
Co-operative poor female member |
Highest 1,500-20,000 |
10 |
| 4 |
RLP (Rural Livelihood program) |
Small & Medium farmer |
Highest 5,000-20,000 |
6.25 |
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