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Sunday, May 11, 2008
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Rural Development Scheme
Objectives
Terms & Conditions
Raise the standard of living of rural people.
Initiative to break the vicious cycle of poverty.
Enhance the purchasing power of rural people.
Group Formation
» 30 person in a group
» 1 group leader
» 6 sub-groups consisting 5 person each in a group
» 1 sub-group leader in each sub-group
Credit Limit
» Maximum Tk. 5,000 per person.
» Gradually enhanceable up to Tk. 10,000.
Interest Rate 14.00%.
Risk Fund 1.00.
Service Charge 0.25% per year on outstanding balances.
Repayment period 1 years.
Security: Group guarantee, no collateral
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