Conventional banks with their demand for collateral and referral make it difficult for the poor entrepreneurs to qualify for loans and allied financial services. Typically also the poor entrepreneurs fall through the net because the sizes of the loans they require are too small to meet their increasing demand. UDDIPAN has played a pioneering role in its efforts to break the restricted access by developing its micro enterprise products and services that better fit the needs of the poor business owner. Since its starting remarkably in 2006, UDDIPAN’s Micro Enterprise Program has helped 1,23,250 entrepreneurs, mostly women, up to November 2023.
Key activities of ME:
Key Achievements:
545669
NO. OF BORROWER
213.47
LOAN DISBURSEMENT (TK. CORE)
1110.32
SAVINGS BALANCE (TK. CORE)
1438.75
LOAN OUTSTANDING (TK. CORE)
Overview:
Loans are coupled with varying packages or services such as skills training, the provision of higher quality inputs, technical assistance and marketing facilities. For their part, UDDIPAN field based First Credit Officer (FCO) working directly with the loanee helps to organize entrepreneurs into groups of 10 to 15 to set up a regular savings scheme among members and link them up with UDDIPAN’s other interventions available in social development program.The immediate function of such loans is to enable small entrepreneurs to expand their business or capital base for operating costs. The ultimate goal is to strengthen capabilities for employment creation.
Loan Products of Micro Enterprise:
Agrosor:
Loans are coupled with varying packages or services such as skills training, the provision of higher quality inputs, technical assistance and marketing facilities. For their part, UDDIPAN field based First Credit Officer (FCO) working directly with the loanee helps to organize entrepreneurs into groups of 10 to 15 to set up a regular savings scheme among members and link them up with UDDIPAN’s other interventions available in social development program.The immediate function of such loans is to enable small entrepreneurs to expand their business or capital base for operating costs. The ultimate goal is to strengthen capabilities for employment creation.
As part of its supportive approach UDDIPAN always keeps close contact with the clients and when needed provide some other services like training on ME development and linkage development or row material suppliers and product selling process. Almost all ME loans are individual granted to both male and female entrepreneur
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