JRDM Microfinance has been playing a significant role to reduce poverty from rural and urban area from its inception at 1995. Gradually, Microfmance has become one of the major program of JRDM through credit support to the target group. Generally, the poorer sections of the society are excluded from formal banking services. As a eonsequence, they are deprived from financial assistance for investing in productive activities or saving scheme for their future benefits.
JRDM has truly orchestrated a way for poverty alleviation through microfinance along with human resource development, income generation and other promotional activities. Every year, we are helping thousands of poor women and men to get involved in different income generating activities with the credit received at a reasonable rate and achieve self-reliance through financial and social empowerment.
JRDM initialed its loan activities in 1995 with Jagoron Credit targeting the rural & Urban poor, women in particular limited scale utilizing the savings of the target groups as well as own fund of the organization. The main purpose of Jagoron was to provide small amount of fund for undertaking/operating Income Generating Activities (IGAs) so that the target people are provided with employment opportunities, and reducing their dependency on money lenders with high usury, on the other hand. The Jagoron, with the support of PKSF in 1997, started expanding overtime. Presently JRDM is working in 625 villages of 75 unions of 12 upazilas under 4 districts covering 24011 group members, above 90% women. Not only savings accumulation, loan disbursement, outstanding etc. arc increasing at a higher rate, JRDM has been always maintaining a satisfactory rate of recovery since inception (above 99%). The actual service charge is 25% (on declining balance), for a period of I year, with weekly repayment system. The important achievement of JRDM Jagoron is that a large number of poor members, especially the women are not only self- employed and maintaining their families with satisfaction, but are socially empowered than ever before.
In FY 2014-2015, JRDM’s disbursement to grass-roots partners under Jagoron was BDT 240.5? million and recovery during the same period was RDT 211.48 million, and at the end of the June 2015 the outstanding Jagoron loan stood at BDT 143.01 million.
Peoples whose daily income is less than one dollar, those who are deprived from their daily basis necessities and are surviving malnourished, are illiterate and lack awareness, do not have any resources, does not have any skill etc. these classes of people have been organized and brought under this program. JRDM has been working with these destitute people from its very inception.
The objectives of this program are-
S To create awareness among the ultra poor population on their own rights, equality,
proper utilization of resources etc. !-,”1To create the urge for savings;
/ Human resource development through improving their skills. /To increase incomes provide microcredit. -,” To create opportunities for additional income for the family.
Keeping the above objectives in
mind, JRDM with the financial
assistance of PKSF extensively I started this program in 2005 with
the target population to develop I them. The people who are helpless, ; illiterate, having no resources of I their own have already proved that I given the proper training and I assistance they are fully able to I develop their socio-economic
I condition like others in the society. To increase the skills of the group members, training is I being provided to them on goat & poultry rearing and tailoring.
Mr. Hafizar Rahman (Habi) was a very simple man. He is a permanent resident of Dashora village of Khetlal Upazilla. He is second among brothers & sisters and eldest among the sons. He had a very poor family having seldom three times food daily. He read up to class IV only in a rural primary school. Therefore, there was no scope for him to get a good job.
It was 1992 when Habi was passing his days amid acute poverty, he got a job of looking after the shallow tube well of a village leader at a monthly salary of Tk.200/-. With this salary Habi could not buy even rice and salt for the family. But he gave much attention to his job at least for two years and learnt how to repair a shallow tube well. By that time
Hafizar Rahman attained the age of 14. He went to Mr. Osman AN of the village, a motor mechanic to learn techniques of repairing works. Initially Mr. Osman Ali did not like to train him because of underage. But considering the interest of the’ boy and the poverty of the family, Osman Ali agreed to train him. It took 4 years for Habi to learn how to repair shallow tube wells. He was then a trained mechanic and a skilled technician. But for shortage of capital he was not in a position to start a repairing mechanic workshop. Initially he took loan from family sources. Subsequently loan from family sources became dearer. Therefore, he decided to borrow money from the village money lenders at extremely high rates.
At that time he met Mr. Mamunur Rashid, a field worker of JRDM. Mr. Rashid explained
to him detail procedures of JRDM micro
enterprise loans and told Habi to contact JRDM Manager, Khetlal. Habi met Mr. Md. Nasiruddin, Manager JRDM, Khetlal and came to know detail procedure of taking loan from there. He immediately got registered by paying a fee of Tk.10/- . He took the first loan of Tk.5,000/- in 1998 and bought a tool box with Tk.3,000/-. He used to travel different places for marketing his services ranging from 1-20 Km.distance. Initially he could make an income of Tk.1,500/- per month. He took loan for the 2nd time for Tk.8,000/- and bought another toolbox and continued his business. In the year 2000 he took loan for Tk.12,000/- for the third time and rented a shop at Manjhar Bazar and started selling spare-parts of shallow tube wells.
From there he had an income of Tk.6,000/- per month. After repaying the 3rd loan Mr. Habi took loan for the 4th time for Tk.20,000/- in 2001 and for the 5th time for Tk.20,000/- in 2002 and bought a lathe machine and setup a workshop. Now he earn?; nearly Tk.30.000/-
per month. He got married. Now he is the father of 4 children. Mr.Habi graduated from
Rural Micro Credit (RMC) and elevated to the Micro Enterprise Group of JRDM. His ambition went up. He took a loan of Tk.100,000/- in 2004 established a steel furniture shop/workshop and started producing various steel products like file cabinet, steel almirah, steel box etc. In 2006 he availed a loan facility of Tk.200,000/-frorn JRDM and invested in the “steel business. Mr.Hafizar Rahman (Habi) now owns a spa re-parts shop and a steel furniture workshop.
Mr. Habi now can realize how beautiful is the nature, the river, the paddy fields and the full moon. He is spending very nice time with his family, brothers and sisters. Children are studying in the schools. He is now respected in the society. JRDM’s lively hood program changed his life. Mr. Habi has proved that if some one has the skill, desire and honest intension he can change the course of his life in a positive way.
Before 2005the economic condition of Mst. Laboni Begum and her husband was very deplorable. Her husband Md. Arif hossain was a day laborer and some how tie was maintaining his family. He could not manage food three times a day. Her husband could not manage money for treatment of themselves. At that time Laboni Begum was a mother of one child. She had to take care of her child with great hardship. She and her husband could not rear goat/sheep or poultry/duck for want of money in spite of having great interest. Her husband had a small mud house with straw shed. In short she was passing her days with her husband and child in a very measurable way.
In October 2007 laboni Begum came to know that there is a branch office of JRDM at panchbibi from vhere the organization provides loan support for the poor and ultra poor people for undertaking income generating activities. Hearing all about the rules and regulations from JRDM office for getting Joan, Laboni Begum and her husband discussed with each other and decided to take loan from JRDM ranch office. The manager and field staff assured them with the loan at the rate of 10% service :harge only under UPP to be repaid by 50 installments. They also came to know that they can rear
at/sheep or poultry/duck beef fattening, tailoring and vegetable cultivation with the loan amount.
:er knowing all things Laboni Begum got herself admitted in Kashpur Mohila Samiti on 26 November
05 and started depositing weekly savings.
per rules the field worker advised her to take the first time loan amounting to Tk. 5000 only and boni applied for the loan. Laboni Begum purchased a heifer with this loan amount and her husband rted repayment of weekly installments by earning money through day lobour. After repayment of all tallments Laboni Begum applied for the 2nd time loan amounting to Tk. 8000. After receiving this loan she and her husband invested this money for 1 (one) bigha land on lease for one year. Both husband and wife cultivated vegetables and other crops round the year and earned much money. After repayment of the 2nd time loan installments Laboni Begum again applied for the 3rd time loan of Tk. 10000. By this time her heifer gave birth to a female calf and started giving milk and the amount of her weekly savings became Tk. 10000. She again invested this amount for 1 (one) bigha land on lease and started year round cultivation. Laboni Begum also helped her husband to start a cycle repairing shop instead of day laboring. At this stage she again applied for 4th time loan for Tk. 12000 and invested this amount in her husband’s cycle repairing shop and expanded the workshop by purchasing cycle spare parts. After repayment of all installments of 4th time loan Laboni Begum applied again for 5th time loan of Tk. 14000. With this loan amount she and her husband expanded the cycle repairing workshop and was earning much amount. With the regular income from sale of milk, cultivation of year round vegetables and crops production and daily income from cycle repairing workshop Laboni Begum and her husband constructed a 3 (three) bedded brick built house. In this way the cycle repairing workshop has become an Engineering workshop.
Being a successful and qualified member borrower of JRDM Laboni Begum completed her 9th cycle
loan which may be treated as a mile stone in the microcredit program of JRDM.
Now she has 2 (two) daughters and 1 (one) son. The eldest daughter is reading in class ten and the 2nd daughter in class seven. She has also installed one sanitary slub latrine and a tube well for safe drinking water and good health and sanitation. She has purchased one black and white TV, one fridge
and some golden ornaments.
The sincere comment and confession of Mst. Laboni Begum upholds the august mission of JRDM that helped her and her husband to come out from extreme poverty empowering theme socially and economically. She also expressed her great satisfaction for extending continuous financial and technical assistance from JRDM. In her opinion small credit support with proper guidance and investment can make an ultra poor family socio- economically solvent and prosperous and she and her husband wish a grand success of JRDM in removing poverty in the days ahead.
The lean and thin Shamsunnahar from village Bakt under Jamalganj of Akkelpur Upazilla, Joypurhat by born a hard working woman. The historical poverty of the family forced her to become hard working. In her early life there were hard days & they had hardly three times food a day. She had to beg food from door to door. The acute poverty of the family did not allow her to proceed for early education. Looking at the faces of the hungry brothers and sisters and the sick father Shamsunnahar started collecting freely grown vegetables from the field. Putting them in a basket and carrying them over her head she used to sell them from village to village. Everyday she had to walk 5 to 7 Km way to sell those vegetables. This way she could arrange only one time food to the family. Being unable to send her 8 years old brother to school she engaged him to the house of an influential village leader 8 Km away from home as domestic aid for a monthly wage of Tk.100/-. In the year 1992 her father died for want of treatment. After that the miseries to Shamsunnahar’s family accelerated further. She borrowed Tk. 1000/- from a village money lender at 10% weekly rate of interest to do her vegetable business. But the surplus was exhausted very soon to pay the high rate of interest.
At that stage Shamsunnahar came to know about the credit program of JRDM. She consulted her position with Mr. Abu Toab, staff of JRDM Khetlal office. Accordingly JRDM formed a group of female members in Shamsunnahar’s Bakt village. She was
admitted to the nroup. After one month Shamsunnahar was granted a loan of Tk.2000/- in the year 1998. With that money she repaid the previous loan of Tk.1000/- taken from the village money lender and bought Potato, bitter gourd and
other seasonal vegetables and started selling to a village market 8 Km away from her house. In 1999 she repaid the 1st loan and took loan for Tk.5000/- for the second time.
In 1999 JRDM established a branch office in Jamalganj and it became easier for Shamsunnahar to take loan from there as the office was nearer to Shamsunnahar’s house. Her 2nd loan limit was raised to Tk.8000/-. She bought a small cow (calf) at a cost of Tk.4000/- and invested the rest in vegetable business. In 2001 she took another loan (3rd time) of Tk.10,000/-. Out of that she bought a cow at a cost of Tk.8,000/- and invested the rest in her business. Thereafter, she got married and migrated to Rangpur. Two years after the marriage she gave birth to a male child and the fate again betrayed with Shamsunnahar, she was divorced by her husband. The new miseries added to her life. She came to JRDM and took loan for Tk.16,000/- for 4th time. She took Tk.20,000/- as the 5th loan in her own name and Tk.20,000/- in the name of her mother and took lease fo 5 bigha (165 decimal) agri-land. She also bought 0.6 decimal land to build a house thereon. She then availed the housing loan of JRDM for an amount of Tk. 24,000/- and built a house thereon. At that stage Shamsunnahahr was able to save some money. She took JRDM loan for the 6th time and accelerated her business. Thereafter, she
got married for the 2nd time. This way Shamsunnahar took loan from JRDM up to
9th time for Tk.30,000/-. At present
Shamsunnahar can earn Tk.6000/- per month
from her business, agri-land and reared cow.
Now Shansunnahar lives a happy life. She plays the role of a village councilor in the village ‘Sha!ish'( a traditional and voluntary village council). Her children are going to schools. She has also diverted her business and opened a grocery shop near her house. She possesses the following assets: 7 bigha leased land, 2.11 bigha own land, 4 cows, 4 goats and 30 ducks and hens.