Credit support program

  • Category name: Income Generating Program (IGP)
Description:

Poverty alleviation is one of the important program of USHA BANGLADESH  aiming to reduce poverty among poor pro-poor, extreme poor through implementing need based loan by the targeted segments. The group members are provided credit supports for undertaking and operating income-generating activities. The main aim of the credit program is to help the poorest of the poor group members towards alleviate their acute poverty. The group members are provided necessary technical supports for their IGAs.

Credit supports are provided for short term only. Short term is for one year. The group members are normally or mortgage is claimed for the credit supports. Groups pressure is considered as the collateral or mortgage. Credit is channeled to the individual group members through their respective groups.

Claim 14.30% service chares on the credit yearly. The credit is recovered by weekly equal installment. The service charge has been received on Flat method.

Group member themselves selected their Income –generating activities. Field organizers   cooperate with group members in selecting the IGA. However in selection of   income -generating activities, the several pre set criteria has been maintained

During reporting period a total of Tk. 83,14,000 has been disbursed to 810 group members for undertaking and operating various IGAs and Total Disbursed of Taka 10,69,91,000, Members 11,677. Total Loan Outstanding Tk 70,61,732.

Tread-wise credit support

                Trade   

            Borrower

               Tk distributed

 

     Tk realized

                                        Recovery    rate (%)

Current

To date

Current

To date

Crops production

188

2915

1,930,000

27,050,000

7145300

98.85

Food processing

165

2150

1,690,000

19,725,000

6935689

97.95

Small Trades

233

3525

2,392,000

32,535,000

23618445

97.70

Rikshaw Van

108

1075

1,108,000

9,570,000

3524580

97.25

Livestock

116

2012

1,194,000

18,111,000

11006907

98.65

Total

810

11,677

83,14,000

10699100

99929268

98.08

The group themselves, following the preset selection criteria primarily selects the Credit beneficiaries. This selection is finalized by cross-checking and verification by the organization. However, the group members are helped in selecting the right IGA.

Loan disbursement by year :

USHA BANGLADESH  have been providing more loan on IGAs among the beneficiaries comparison to the past year respectively. This is one of the indicator of USHA BANGLADESH  acceptance among the beneficiaries. Year wise loan disbursement scenario is given below:

Trade

Disbursed by year wise

 

2015

2016

2017

2018

Crops production

1070000

1570000

1578000

1975000

Food processing

955000

1255000

1195000

1893000

Small Trades

2132000

2732000

2332000

3506000

Rikshaw Van

955000

1355000

1405000

2521000

Livestock

1202000

1320000

1120000

1630000

Total

6314000

8232000

8630000

1,15,25,000

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