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.