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Asked by Birds of the sky (1 Gold) Tuesday, 02 Mar 2021, 10:19 AM at (Consultancy Business)

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 Microcredit in Bangladesh 




Microcredit  programs  in  Bangladesh  is  implemented  by 


➡️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,  


➡️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 (1 Gold) Tuesday, 02 Mar 2021, 10:20 AM

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