Buniad (Ultra poor loans)

Buniad This loan is provided to the people who are living at the extreme corner of poverty line in order to bring them in a position where they can fulfill their basic fundamental needs and update their civil status. UPP loan range 6000/= to 12000/= which are given for one year with 10% (flat rate) service charge per year. The weekly savings of UPP loan is only 10/=. 8,136 borrowers Buniad upgraded to other program.

Implementation effects :

Upgraded standard of living of ultra-poor people

Encourage Ultra-poor to create own savings fund

Involve them in income generating activities

Future plan:

Continuing the current activities of the ultra-poor program

Train them for developing their skill for their self-employment and self sufficiency

Expansion of this program broadly so that the aid can reach a mass geographical area