Jagoron (Rural microcredit)

Over the past two twenty years ADI has been providing capital under the RMC program to the poor community to involve them in profitable and income generating activities to improve their standard of living. This program is being implemented by involving Landless, working families, marginal farmers, widows, divorced and who are living below the standard of poverty by organizing regular weekly meeting.

Achievement :

At present, this program is operating in 7 District by 14 branches and 994 Groups with 19398 Members. Cumulative loan disbursement of BDT 3070 million to 74788 members up to June 2014. Current loan outstanding BDT 1283 million, savings balance is BDT 504 million and member 14227. Cumulative loan recovery rate 99.50%. PKSF contributed 34% and rest of the fund collect from internal source of the organization.

Target and achievement in 2013-2014 fiscal year shown below :

SL	Particular	Target	Achieve	Achieving Rate
1	Member	19,794	19,398	98.00%
2	Savings Collection	2,21,01,872	2,55,88,200	115.77%
3	Savings Balance	4,76,59,559	5,03,68,959	105.68%
4	Borrower	15,518	14,722	91.68%
5	Loan Disburse	24,88,52,000	22,97,73,000	92.33%
6	Loan out standing	13,61,31,963	1,28,329,775	94.27%

Implementation effects :

Through the formation of organized groups, members are encouraged to make their own savings fund.

Beneficiaries are more confident about their self-development, Conscious about own right and increase their Competence and productivity.

As a result of proper utilization of such loans multiple small entrepreneurs have been created

Future plan :

Expansion of working area

Organize backward people

Increase awareness of member about livelihood development and employment