GUK is operating Livelihood Microfinance Programme (LMP) for economic empowerment of disadvantaged people especially women through inclusive financing. It is the core programme of the Organization. It was initiated in line with other development projects with the aim of bringing sustainable development in the lives of women and disadvantaged. Currently, the LMP is being operated in 8 districts under Rangpur and Rajshahi divisions through its 53 outlets.Around 60500 households are currently involved with this programme and among them 52552 households have received loan support for different income generation activities. GUK LMP provides three types of financing options for its group members. These are 1. Jagoron (Awakening), 2.Agrosor (Move forward- a programme for enterprise development) and 3.Sufolon (Promoting livestock and agriculture). A total of BDT 723,47,21,000.00 have been disbursed as loan under above three components so far. In addition, GUK also provide loan for house construction to its group members and skills development loan to trained youths for self-employment.
- Jagoron is the name of a credit instrument of GUK LMP to initiate household based enterprise development. GUK LMP extended its financial services for the rural poor through this programme from 1991. Under this programme, borrowers are encouraged to undertake family-based income generating activities. Major sectors covered under Jagoron are crops, livestock and small trade. Duration of this type of loan is 1 year and borrowers can repay by weekly/monthly installment.
- Agrosor is an effort to develop Micro Enterprise and contribute to employment generation and economic development. The programme was developed to extend its financial services to the members who are undertaking economic activities that require bigger amount of capital. Borrowers can take loan for the maximum period of 1.5 years and repay by weekly/monthly installment.
- Sufolon is the seasonal agriculture loan product which is to provide support for different agricultural activities mainly for crop cultivation and beef fattening. The highest loan ceiling is 75,000 taka. Maximum duration of the seasonal agriculture loan is 6 months and the farmers repay the total loan amount by a single installment after harvesting the crops/selling the product. The provision of the loan repayment in a single installment after the sale of the product has made it very popular among the borrowers. So far, a total of 20057 marginal farmers have received agriculture loan amounting taka 97,81,92,000.00 through Sufolon.
|01||Gaibandha||Fulchari, Saghata, Gaibandha Sadar, Sundarganj, Palashbari, Gobindaganj|
|02||Rangpur||Rangpur Sadar, Mithapukur|
|03||Kurigram||Kurigram Sadar, Rajibpur, Rowmari, Razarhat|
|04||Lalmonirhat||Lalmonirhat Sadar, Aditmari|
|05||Nilphamari||Nilphamari Sadar, Syedpur, Domar|
|06||Dinajpur||Dinajpur Sadar, Ghoraghat, Fulbari, Nowabganj, Birampur, Birol, Chirirbandar, Hakimpur|
|07||Bogura||Bogura Sadar, Shibganj|
|08||Joypurhat||Joypurhat Sadar, Akkelpur, Panchbibi|
Presently, 239 unions and 1207 villages are covering within above working areas with 53 branches/outlets and 381 staff members.
|Number of group||3371|
|Number of group members||60500|
|Number of borrowers||52552|
|Total loan outstanding||157.38 Crore|
|Total saving balance||59.11 Crore|
Partnership with Financial Institutions:
GUK has partnership with the following banks and institutions which are providing financial support for its microfinance programme.
- Mutual Trust Bank Ltd.
- South Bangla Agriculture & Commerce Bank Ltd.
- Midland Bank Ltd.
- NRB Global Bank Ltd.
- NRB Bank Ltd.
- Standard Bank Ltd.
- ONE Bank Ltd.
- Jamuna Bank Ltd.
- Southeast Bank Ltd.
- Mercantile Bank Ltd.
- Palli Karma Sahayak Foundation (PKSF)
- Inclusive Home Solution Ltd.
- IPDC Finance Ltd.