Micro Finance Program
VASD started micro finance program since 1995 at the aim to uplift economic growth of the beneficiaries. The program has 3 components such as micro credit, savings mobilization, deposit scheme. Micro loans are divided into two areas like Rural micro credit and Micro Enterprises. Major IGAs are agriculture, vegetable cultivation, cattle rearing, poultry rearing, small business, ferry/hawkary business, grocery shop, tea stall, garments, nursery, Rickshaw/Van, auto rickshaw, handicraft and so on.
Targeted people are organized in group which consists of 20-25 members. Rise group awareness on economic and social issues than provided loan to needy members through ensuring scheme/project feasibility study.
Objectives of program:
To increase income of the target beneficiaries
To create employment opportunities for targeted beneficiaries
To increase purchasing capacity of the poor beneficiaries
To increase socio-economic status of the beneficiaries
To reduce poverty of the country
To contribute in Gross Domestic Production of the country
Beneficiaries: Poor people, marginal farmers/business people, persons with disabilities
Working Area: Manikgonj and Dhaka district
Funded by: Own fund, Basic Bank Limited, Midland Bank Limited, Standard Bank limited, Bangladesh Commerce Bank Ltd. Bangladesh Commerce Bank Ltd., Bangladesh Bank Grihayan Tohabil
Portfolio of Micro credit: (Up to June 2023)
Loan outstanding: Tk. 13,35,06,567
No. of groups: 422
No. of members: 4546
No. of Borrowers: 3570