Micro-Finance Programme (MFP)
updated on June 2024
Duration: 01.01.1994 to ongoing.
Objective: Change the livelihoods of the target beneficiaries through economic empowerment.
Components:There are components under MFP, which are JAGORON, AGROSOR, AGROSOR Smart, BUNIAD, SUFOLON, SAHOS and Agrosor (MDP), LRL, SDL (Sanitation), Housing (GoB), Agrosor (SEP),ENRICH, RAISE . Each component has its different loan ceiling with its own characteristics.
Major activities: Baseline survey, facilitate grass-roots organization (group) building, awareness-raising, training, savings building, credit operation and marketing assistance.
Operational Units: Division office: 02, Zonal office: 02, Area office:32 and Branch office: 161.
Financial services:
PAGE Development Center disbursed loans of Tk.1345.63 crores under various projects in the financial year 2023-2024 based on the needs and project consideration of the members, against which the loan status to the members as on June 30, 2024 is Tk 752.80 crores. Different types of credit disbursements (financial services) are presented sector-wise:
Total Borrowers: 159,856
Total Loan Disbursement: 1345.63
Amount of Loan Status: 752.80 Crores
Average Loan Amount: 47,092 Tk.
Debt Status Growth Rate: 9.39%
Due: Loan Amount: 44.15 Crores
LLP (Loan Loss Provision) : 41.92 Crores
Borrower Coverage: 76.54%
CRR ( Cumulative Rate of Recovery) : 99.34%
OTR ( Portfolio At Risk ) : 96.99%
PAR: 7.80%
Savings Status Against Loans:44.32%
Loan status per branch: 4.67 Crores
Loan status per employee: 87.33 Lakh
Partnership with PKSF: Since 01.04.1997.
MRA Registration : PAGE obtain
MRA registration on 05/09/2007
[Certificate No: 00561-00657-00028]
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 Karma Sahayak Foundation (PKSF) is the main donor. Besides, the group savings, organization’s own fund, bank loan (Bangladesh Bank, Dhaka Bank Ltd., Brack Bank Ltd.,South East Bank Ltd.,Pubali Bank Ltd., Eastern Bank Ltd., Mutual Trust Bank Ltd., NCC Bank Ltd.,Jamuna Bank Ltd., IDLC,IPDC, Lanka Bangla Finance Ltd.) are also utilized in credit operation.
Total Borrowers: 159,856
Total Loan Disbursement: 1345.63
Amount of Loan Status: 752.80 Crores
Average Loan Amount: 47,092 Tk.
Debt Status Growth Rate: 9.39%
Due: Loan Amount: 44.15 Crores
LLP (Loan Loss Provision) : 41.92 Crores
Borrower Coverage: 76.54%
CRR ( Cumulative Rate of Recovery) : 99.34%
OTR ( Portfolio At Risk ) : 96.99%
PAR: 7.80%
Savings Status Against Loans:44.32%
Loan status per branch: 4.67 Crores
Loan status per employee: 87.33 Lakh
Partnership with PKSF: Since 01.04.1997.
MRA Registration : PAGE obtain
MRA registration on 05/09/2007
[Certificate No: 00561-00657-00028]
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 Karma Sahayak Foundation (PKSF) is the main donor. Besides, the group savings, organization’s own fund, bank loan (Bangladesh Bank, Dhaka Bank Ltd., Brack Bank Ltd.,South East Bank Ltd.,Pubali Bank Ltd., Eastern Bank Ltd., Mutual Trust Bank Ltd., NCC Bank Ltd.,Jamuna Bank Ltd., IDLC,IPDC, Lanka Bangla Finance Ltd.) are also utilized in credit operation.