Credit Support Programm (CSP)

Duration: 01.01.1994 to ongoing.

Objective: Change the livelihoods of the target beneficiaries through economic empowerment.

Components: There are seven components under MFP, which are- I. JAGORON II. AGROSOR III. BUNIAD IV. SUFOLON V. KGF (SUFOLON) VI. SAHOS and VII. LIFT (Land Lease for Ultra Poor), Agrosor (MDP), LRL, SDL (Saniation), RRS, LICHSP, Abashon, LEPIG, ECCCP (Flood), Housing (GoB), Agrosor (SEP), ENRICH IGA, ENRICH AC, ENRICH LI . Each component has its different loan ceiling with its own characteristics

Major activities: Baseline survey, facilitate grass-roots organization (groups) building, awareness-raising, training, savings building, credit operation, and marketing assistance.

Operational units: Division Office: 02, Zonal Office- 05, Area Office- 21 and Branch Office- 118.

Members: 1,46,291 are now enrolled in 5,707 somittee (groups), of which about 96% are female. The principal loan outstanding is Tk.634.00 crore with 1,19,731 borrowers (81.84% coverage) and the savings accumulation is Tk.189.89 crore.

Major Ratio Analysis: OTR 98.46%, CRR 99.76%, Liquidity Ratio 6.49%, Portfolio at Risk 2.66%, Delinquent Ratio 1.73%, Debt : Equity 1.77:1

Partnership with PKSF: Since 10.08.2005.

MRA Registration: NDP obtain MRA registration on 29.04.2008, vide # 0122900332-00222.

Accountability: ‘MFP Citizen Charter’ containing relevant information on MFP services has been posted in different public places including office premises for public visibility.

Source of fund: Palli Karmo Sahayak Foundation (PKSF) is the main donor. Besides, the group savings, organization’s own fund, bank loan (southeast bank limited, brac bank limited, standard bank limited, prime bank limited, IDLC) are also utilized in credit operation.