Micro finance Program:

Micro finance operations of OSACA began in 1997 and it is one of the main programs of OSACA. OSACA provides access to financial services to the poor who are unable to obtain credit from mainstream banks due to lack of necessary assets and referrals. The borrowers, most of whom are women, use these loans to engage in various income generating activities to improve their socioeconomic status. Efficient management system and tools, linkage with financial institutions, identification of alternative micro-schemes, approach to address the poorest of the poor section and access to the remotest and hard-to-reach locations have added an extra dimension to OSACA ’s micro finance program. OSACA’s experience suggests that an integrated micro-credit and social development approach can significantly contribute to the achievement of the avowed UN Millennium Development Goals (MDGs) of poverty alleviation and women’s empowerment in particular by 2015. OSACA receives credit funds and operational backstop support from PKSF and other national as well as international financing agencies.

Savings fund generation by the samity members involved in micro credit is mandatory and is considered as an important and integral part of micro finance operation. Regularity in savings indicates existence of better discipline in the group and its credit activities. Group members can use savings to overcome the odds or unfavorable conditions by using the saved money. By savings program, they can also enhance their capital and become better off. OSACA has given utmost priority to savings of the members.

Rural and Urban Micro Credit:

Project Period                 : 1997 to till now (Continuous Program)

Project Coverage            : Pabna District,  Natore and Sirajgonj district.

Development Partner   : Palli Karma-Sahayak Foundation (PKSF)

OSACA institution building efforts are directed towards empowerment of disadvantaged women for their socioeconomic development. The program was launched in 1996 to organize disadvantaged women for creating awareness on social justice, identifying problem issues that hinder development and taking control of the situation for their own development.

The main activity of the program is to create awareness, community mobilization and formation of small groups in community. Also ensure income generating activities through micro credit, health facilities and training by using financial and technical Support of PKSF during May 1998.

Objectives of the Program

  • To bring about a qualitative and substantive change in the socioeconomic processes that would empower the poor and make them self-reliant.
  • People can grow their own business with capital.
  • People can earn enough to afford basics like running water, better food, and schooling for their children and health services.

Impact of the program:

  • Signature competency: Our borrowers can sign.
  • Health & Hygiene Camping: We ensure Health & Hygiene in the community.
  • Environmental Issues: We ensure environmental issues.
  • Education: 40 thousand plus women can read and write.
  • Empowerment: Our borrower have empowered socially and financially.

Achievements Micro Finance Program (Up to January’2018)

Activity: Achievement:
Number of groups 2074
Number of Members 41585
Number of Borrowers 34823
Disbursement  in Taka 156895000
Outstanding in Taka 97,49,82,595
Members Savings in Taka 25,61,75,290
Average Loan Size in Taka 27,998.23
Loan Recovery Rate % 99.84
Number of Branch in this loan 20