a Bangladeshi National level development organization
Micro Finance Program (MFP)
As a vital program of UDDIPAN MFP aims to enhance critical awareness of the poor & underprivileged to analyze their own problems, prioritize them and to creatively find solutions of their own for implementation through mobilization of internal and external resources and thereby progressively fulfill their full potentials and enrich their lives through implementation of the integrated initiative. In partnership with Palli Karma Sahayak Foundation (PKSF), UDDIPAN is carrying out this venture with target population since 1989. The program is spread to 23 districts covering about 5950 villages.
UDDIPAN’s Micro-finance Program (MFP) is a vital one for the assetless women & men aiming to ameliorate their economic miseries & maladies through micro-credit support to them in order to undertake income-generating activities. The MFP has created avenues of employment for the target groups & thereby augmenting their income. PKSF is the major provider of fund for the program covering 22 Districts, 5080 Villages & 266,162 members. Total Savings of the members stood at Tk. 617.96 millions as of March 2010. Cumulative disbursement of micro-credit is Tk. 13,147.40 million to the beneficiaries up to the June 2010. Out of which, realization stood at Tk. 11,095.43 million and outstanding at Tk. 2,051.96 million. Beneficiaries invested the loans in a variety of income generating activities. The performance of loan recovery of the organization is good having Cumulative Recovery Rate (CRR) and On Time Realization (OTR) rate is 99.34% & 99.73% respectively in June 2010
Loan Product at a glance as on June 2010
SL. NO. |
Loan Product |
Amount in Tk. (million)
(Cumulative)
|
||
|---|---|---|---|---|
Disbursement |
Realization |
Outstanding |
||
| 01. | Rural Micro-credit (RMC) | 7353.88 | 6534.50 | 819.38 |
| 02. | Urban Micro-credit (UMC) | 22786.84 | 2430.77 | 356.07 |
| 03. | Micro Enterprise (ME) | 1499.28 | 985.50 | 513.78 |
| 04. | Micro-finance & Technical Support Project (MFTS) | 248.39 | 212.21 | 36.18 |
| 05. | Ultra Poor Program (UPP) | 501.40 | 365.35 | 136.05 |
| 06. | Livelihood Restoration Program (LRP) | 43.45 | 39.38 | 4.07 |
| 07. | Seasonal Loan | 410.38 | 282.62 | 127.76 |
| 08. | RNPPO | 94.64 | 92.84 | 1.8 |
| 09. | SAHOS | 40.28 | 27.59 | 12.69 |
| 10. | RESCUE | 101.09 | 89.79 | 14.30 |
| 11. | Agri. Micro-credit | 46.45 | 32.01 | 14.44 |
| 12. | Grihayan Project | 7.00 | 6.4 | 0.6 |
| 13. | EFRRAF | 20.82 | 5.70 | 15.12 |
Total |
12,069.68 | 10,117.07 | 1952.61 | |
Loan Products under MFP include the following :
● Rural Micro Credit (RMC) & Urban Micro Credit (UMC)
● Micro Enterprise Development
● Micro-Finance and Technical Support Project (MFTS)
● Ultra-Poor Program (UPP)
● Livelihood Restorations Programme (LRP)
● Seasonal Loan Program (SLP)
● Rehabilitation of Non-Motorized Transport Pullers and Poor Owners (RNPPO)
● Special Assistance for Housing of SIDR Affected Borrowers (SAHOS)
● Rehabilitation of SIDR Affected Coastal Fishery Small Business & Livestock (RESCUE)
The MFP comprises of six main components as stated below:
● Institution Building
● MIncome and Employment Generation (IEG)
● Gender Equity Development (GED)
● Legal Awareness (LA)
● Health, Sanitation, and Safe water
● Capacity Building of UDDIPAN