Microfinance in Bangladesh

Micro-finance in poverty alleviation in Bangladesh has flourished. Also, women’s empowerment, rural development, improvement of living standards, the expansion of small businesses, micro-credit contributions. NGOs as well as the government of the people of Bangladesh has launched micro-projects. NGOs, rural banks, public and private banks, under the Ministry of specialized projects have introduced various credit. Micro-finance sector has a total resist manipulation 2480 crore (720 million of the bank), and the total number of customers to 3 crore and 50 million (84 million customers of the bank).

Micro-finance sector debt service 6 can be divided into:
1. General micro-credit – small business and self-employment
2. Small company loans
3. Very poor credit
4. Agricultural
5. Seasonal loan
6. Disaster Loans

50,000 taka loan usually “credit” was caught, the amount of the loan at the top of the small company loans are counted.

Despite the global economic downturn was quite tolerant of the microfinance sector and the national economy is still important contributions. The microfinance sector is quite progressive compared to other countries. 2011 microfinance sector has been added to the 3% of GDP. Only registered institutions has increased the total amount of 20% (1450 million and 1738 million, up 2011 from June to June 010) million to 7 million poor, which is provided to the customer. From June 2010 to June 2011 23.25% increase in the amount of storage inside, which amounts to 633 crore. 2010 had 61 million customers, 93% percent of whom were female.

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Tags: business of Microfinance, micro business, micro credit, Microfinance, Microfinance in Bangladesh

By khalid in Bangladesh Affairs on January 14, 2015