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RDF Micro Finance Development Program (MFDP)

microfinance

Micro Finance (MF) Program of RDF:

The main objective of RDF is to improve the quality of lives of vulnerable and less privileged people of the rural society. Since inception, RDF stands besides these helpless persons and providing financial and technical support. Objective through using this support one day they would be change their fates. Under the Micro Finance & Development Program (MFDP), RDF is disbursing different kinds of loans like Livestock, Fishery, Small Trading, micro enterprise loan, agricultural loan, Grihayoan Karjokrom loan (house building loan). RDF is also providing technical support to enrich the knowledge of beneficiaries so that they can effectively and economically utilize the micro credit loan for their sustainable earning.  Up to June, 2017 RDF disbursed Tk. 5,640,657,035 among 9,76,115 beneficiaries under this program. Micro Finance Program is operating its program activities through under-noted four components:

 

 

  • Micro Credit & Development Component (MCDC)
  • Entrepreneurship Development Scheme (EDSc.)
  • Savings Accumulation Component (SAC)
  • Risk Fund (Kallayan) and Security Component (RFSC)

 

 

Status of
Micro-finance since inception to till June, 2017

No. of Members:  

44,193

Total Borrowers: 

39,987

Female:  

36,082

Male:  

3,905

No. of Development Team (Sangha): 

1,974

Number of Districts:

11

Number of Upazillas:

49

Number of Unions:

322

Number of Villages:

1,682

 

(i)      Micro Credit (MC)

 

Under this program, RDF has been disbursing Micro Credit loan in the fields of fisheries, Cow rearing, goat rearing, poultry, beef fattening, duck/hen rearing, paddy cultivation, potato cultivation, agro-farm, vegetable cultivation, nursery, battle leaf Up to June, 2017, RDF disbursed Tk. 4,618,128,035 among 9,46,060 beneficiaries. Borrowers are using this capital in income generating activities for their sustainable livelihood. Now societal picture is changing gradually. The beneficiaries are being treated in the mainstream of the society and taking part in decision making processes.  RDF MCDC activities –

 

(ii)   Entrepreneurship Development Scheme (EDSc.):

Through this component, RDF thematically approaching to its Entrepreneurship Development Scheme (EDSc.) and provide EDSc loan basically in three sectors such as trading/off-farm, agricultural and small manufacturing industry. Under these sectors there are so many sub-sectors like small businesses, grocery shop, hardware store, medicine shop, photocopy & computer training, shoe store, cloth store, fruit shop, electric & electronic shop, sanitary shop, fertilizer & pesticides shop, rice dealer, small restaurant, spectacle & watch shop, ready-made garments shop, cosmetics shop, ice cream shop, departmental store/super shop, fast food, beauty parlor, cattle farm, fish farming, robi crops, beef fattening, agro extension farm, crab farming, furniture manufacturing, handicrafts, tailoring shop, plastic factory, leather products manufacturer, rickshaw or car garage, rice mill etc. RDF also makes a supply chain linkage between seller and buyer from manufacturing to the end users for their manufacturing products. RDF is providing EDSc loan to the small & medium entrepreneurs in the districts of Patuakhali, Barguna, Munshiganj and Dhaka. Up to June, 2017, RDF disbursed Tk. 102,25,29,000 to 30,055 small entrepreneurs. Pictorial and statistical data of Micro Enterprise Development Component are shown below:

 

 

(iii)   Savings Component under MF Program:

 

RDF has introduced Beneficiary Development Scheme (BDS) as well as Staff Development Scheme (SDS). In addition to the conventional weekly and monthly savings, these savings activities have been included to protect the beneficiaries and staffs from any unexpected accidents, devastating natural calamities etc. This fund helps them in crucial movement when they become helpless. This fund helps them risk free living. Under the above Component, RDF carries out the following activities:

 

Ø  Weekly and Monthly Savings for beneficiaries immediate capital accumulation

Ø  Beneficiaries Development Scheme (BDS) for their long term capital accumulation

 

  Under the Savings Component, financial positions of different saving schemes are shown below:

 

Accumulated Savings up to June, 2017

 

Saving Criteria

Amount in Tk.

i) Regular Savings

22,65,13,982

ii) BDS

3,65,01,399

Total:

26,30,15,381

 

(iv)       Risk Fund (Kallyan) under Micro Finance Program:

 

RDF is committed for sustainable livelihood and risk free living of the beneficiaries. Considering this,RDF introduced couple life insurance Risk Fund for the beneficiaries under the MFDP. The special attributes of this scheme is, if a beneficiary dies or fall in a severe accident, her/his spouse will get financial assistance from RDF so that he/she can repay the unpaid loan. The information of beneficiary kallayan fund is shown in bellow:

Beneficiary Kallayan fund up to June, 2017

Description

Amount (Tk.)

Total accumulation

3,59,88,710

Total disbursed

1,12,03,385

Total balance

2,47,85,325

 

 

 

 

 

partner organizations

Support Address

  • RDF BHABAN
    House # 21, Road # 12, Pisciculture,
    Housing Society, Block-Kha, Adabor,
    Dhaka-1207, Bangladesh.

     

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