Asked by
Birds of the sky (2 Golds)
Tuesday, 02 Mar 2021, 09:19 PM
at (Consultancy
Business)
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Microcredit in Bangladesh . . . Microcredit programs in Bangladesh is implemented by ➡️NGOs ➡️Grameen Bank ➡️state-owned commercial banks, ➡️private commercial banks, and ➡️specialized programs of some ministries of Bangladesh government. ➡️➡️In the microfinance sector as of June, 2018 total loan outstanding is around BDT 673.90 billion (including Grameen Bank, Govt banks and Commercial Banks) savings BDT 262.96 billion. ➡️The total clients of this sector is 31.22 million (including 8.7 million clients from Grameen Bank) that accelerates overall economic development process of the country. ➡️➡️Credit services of this sector can be categorized into six broad groups: ➡️i) general microcredit for small-scale self employment based activities, ➡️ii) microenterprise loans, ➡️iii) loans for ultra poor, ➡️iv) agricultural loans, ➡️v) seasonal loans, and ➡️vi)loans for disaster management. Loan amounts up to BDT 50,000 are generally considered as microcredit; loans above this amount are considered as microenterprise loans. ➡️➡️➡️Licensing Status of the NGO-MFIs in Bangladesh: The Microcredit Regulatory Authority (MRA), established by the Government in August, 2006, received applications from 4241 NGO-MFIs. But, around 1000 applications were found to be very small organizations that had fewer than 1000 borrowers or less than the BDT 40 lakh outstanding loans that is generally considered as the minimum initial operating portfolio of an MFI to be sustainable.
➡️However, till June, 2018 MRA had approved licenses in favor of 805 NGOs and canceled licenses of 100 NGOs. ➡️State of Microcredit in Bangladesh Microfinance Loans are well targeted in the sense that their ultimate objective is to gradually alleviate the poverty from the society. ➡️Of the total microcredit and microenterprise loan disbursed in 2017-18 was 1,201.91 billion BDT which was in excess 14.91% than the previous years. The number of borrower rose to 25.40 million and 93% of them are women. It covers 15.88% of the total population of Bangladesh.
➡️Other large microcredit programs in Bangladesh include Grameen Bank which disburses 207.85 billion BDT, BRDB 13.96 billion BDT and Jubo Unnayan Adhidoptor 1.44 billion BDT. This microcredit especially microenterprise directly affects people as a benefit for the source of working capital. There are different types of loan in this sector including general microcredit, ultra poor loan, microenterprise loan, house loan etc. In 2013-14, all the MFIs totally disbursed BDT 462 billion which was BDT 634 billion in 2014-15 increasing by 37.23 percent. In 2015-16, total loan disbursement was BDT 787 billion which was increased in 2016-17 by 32.93 percent to BDT 1,046 billion. It was again increased in 2017-18 to BDT 1,201.91. Answered by Birds of the sky (2 Golds) Tuesday, 02 Mar 2021, 09:20 PM |