Introduction:
The Microfinance program is one of the major program components of Bangla-German Sampreeti (BGS) striving for poverty reduction through creating socio-economic opportunities for the poor and marginal families of Bangladesh. The program has major focus on capacity building and empowerment of poor women through engendering equal participation.
Goal of BGS MF Program:
BGS set the goal of the program to develop a sustainable socio-economic improvement of target households by making access of microfinance opportunities and facilities.
Major Objectives:
The main objectives of the Microfinance program of BGS are as follows:
Moreover, Microfinance is an integral part of BGS holistic development approach that support the targeted population and their families. The Microfinance Program is considered as one of the tools of economic development which is closely related to other development activities of the organization.
Scopes of The Program:
BGS Microfinance programs creates diverse access and opportunities for its members and borrowers. Considering the needs of target members, the program introduces customized activities for the benefit of its clients. However, all the activities and schemes are fully allied and complained with the rules and regulations of Microcredit Regulatory Authority (MRA) of Bangladesh Government.
The Schemes Are:
1. Jagoron (Rural Micro Credit),
2. Agrosor (Micro Enterprise),
3. Sufolon (Agriculture)
Area coverage:
BGS microfinance has the geographical coverage in the districts of Cox’s Bazar, Tangail, Sirajganj, Pabna, Gaibandha and Rangpur, it has been operating the program by 5 different regions involving 21 Branches.