Through Microfinance program CDIP aims to eradicate poverty and provide financial stability to the disadvantaged and the marginal poor people. Micro credit loan is a process of loan repayment and recovery, in which the underprivileged poor people can take the institutional loan on most affordable conditions. This loan is used in various activities of family income generating activities and afterwards, it is possible to pay these on the basis of installment. For the working class and rural area population it’s really hard to get any kind of loan or financial aid form established banks or financial organizations, because of this local loan sharks charges high premium and take advantage of these people. To eradicate this system and grant access to easier loan and savings program CDIP has been providing various types of innovative financial and nonfinancial services to rural population and micro-entrepreneur. Currently we are providing our Micro credit services through our 226 branches in more than 8324 villages.
| Category | Eligible Criteria | Initial Maximum Loan SIZE | Interest Rate | Loan Term |
|---|---|---|---|---|
| 1.Jagoron Loan | For household based enterprise development | TK. 6,000 - TK. 75,000 | 24% interest on a decline basis | In 45 weekly or 12 monthly installments. |
| 2.Agroshor Loan | Entrepreneurs capable of graduating from groups, as well as entrepreneurs in the community. | TK. 76,000 - TK.10,00,000 | 24% interest on a decline basis | In 45 weekly or 12/18/24 monthly installments |
| 3.Buniad Loan | Poor and disadvantaged households | TK. 6,000 - TK. 35,000 | 20% interest on a decline basis | In 45 weekly installments |
| 4.SMAP Loan | Small & marginal farmers and farming entrepreneurs | TK. 5,000 - Tk. 2,00,000 | 19% interest on a decline basis | Six-month lump sum installments (One-time payable) |
| 5.Shufolon Loan | Farmers, traders and small entrepreneurs | Maximum TK. 50,000 | 24% interest on a decline basis | Six-month lump sum installments (One-time payable) |
| 6.Enrich loan | Agriculture farmers, traders and micro entrepreneurs | Tk.6,000 - Tk.10,00,000 | 24% interest on a decline basis | In 45 weekly or 12/18/24 monthly installments |
| 7.Super Loan against MBS & DBS Savings | Members of CDIP | Tk. 50,000 – Tk. 10,00,000 | 24% interest on a decline basis | In 12 Installments and Loan Term 01 Year |
| 8.Sanitation Development loan | Members of CDIP | Up to tk.15,000 | 18% interest on a decline basis | Weekly 45 to monthly 12/18 installments |
| 9.Progress Pulse Loan (PgP) | Medium Entrepreneurs | Tk. 50,000 – Tk. 25,00,00 | 24% interest on a decline basis | Weekly & 46 Installments, Loan Term 01 year |
Jagoron loan is designed to initiate household based enterprise development in Bangladesh. Loans range from TK 6,000 to TK. 75,000, depending on the economic activity, the borrower’s management capacity, and demand for the product and/or services in the market. The loans are repayable within a year in 45 installments and carry 24% interest on a decline basis.
CDIP has developed its Agroshor loan for the entrepreneurs capable of graduating from groups, as well as entrepreneurs in the community. Agroshor loan is for the progressive members who are undertaking economic activities that require bigger amount of capital. The size of the loan depends on the size of the businesses and the comparative advantages that the entrepreneurs have. With the Micro-enterprise loan borrowers are expected both to provide equity and generate wage labor employment (other than family labor). Micro-Enterprise loans range between TK.76,000 – TK.10,00,000, repayable within one year, either in 46 weekly or 12/18/24 installments, depending on the cash flow pattern of various types of projects and activities.
‘Buniad’ is a Bangla word which means foundation. Buniad is for Ultra poor population to build a base economic stability. Under Buniad, CDIP is providing flexible microcredit to the ultra-poor people. Buniad loan helps ultra-poor people to reach the level of moderate poor. Buniad loan ranges from TK. 6000 to Tk. 35000. The borrowers have to repay the loan within 45 weekly Installment.
Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project (SMAP). The objective of this loan is to increase agricultural productivity and diversity of the small and marginal sized farmers of Bangladesh by financing agricultural loans and providing agricultural training services to farmers. SMAP loan ranges from TK. 5,000 to TK.2,00,000 with 19% interest on a decline basis. Repayable in Six-month lump sum installments (One-time payable).
Bangladesh is primarily an agriculture based country and a significant majority of our population still lives on agriculture. Our small farmers often do not get loan at the time of their need and as a result, our agriculture production is often adversely affected. In order to help and support small farmers, CDIP introduced Shufolon loan in 2008 exclusively for agricultural activities and is designed to increase the farm activities and production for enhancing the livelihood of the poor rural households. Shufolon loans of maximum TK.50, 000, depending on the activity, land-holding size etc. Repayable in six-month lump sum installments (One-time payable).
With the high rate of increase of population in the urban areas of Bangladesh, the demand for different kinds of financial services are also increasing in the urban as well as rural areas in all over Bangladesh. In view of above demand and market need, CDIP introduced “Enrich Loan”. The Enrich Loan is intended to support the urban entrepreneurs and small traders to meet their requirement for loan facilities and also to strengthen their existing investment and business activities in accordance to their choice and need. However, depending on the need of entrepreneur the loan size may vary from Tk.6,000 to Tk.10,00,000 which is repayable in In 45 weekly or 12/18/24 monthly installments, whichever is convenient for the loaner. The Enrich Loan shall carry 24% interest on a decline basis.
Against special savings schemes, members can take a loan of up to 80% of their deposited amount. This loan will be considered as an additional loan to the 03 loans as per the existing policy. This means that a maximum of 04 loans can be provided to those who have this savings scheme, taking into account their ability to repay the loan In the case of Double Profit Savings Scheme, this loan is called Super Loan DBS and in the case of Monthly Profit Savings Scheme, this loan is called Super Loan MBS. This loan will have a maximum term of 1 year and will be collected in monthly installments.
People living in rural Bangladesh are still using inadequate sanitation facilities. Our product connects clients to the market and provides them with the finance needed to upgrade or build their sanitation facility. Under this loan product we offer up to 15000tk. On 18% interest on declining basis, repayable in weekly 45 to monthly 12/18 installments.
CDIP is always developing new loan products to ensure timely services/facilities for people. This loan service is launched for small and medium entrepreneurs. This loan is being managed jointly by CDIP and Druto Fintech Limited. The loan ceiling is from 50,000 to 2,50,000 taka with 24% interest on a decline basis.
