Program Details
Livelihood & Microfinance Program
About the Program
The livelihood program offers financial products to rural and urban poor, particularly targeting women. VERC supports borrowers through integrated savings programs, enterprise counseling, agro-finance, and small business support.
Key Objectives
- • 1. Mobilize rural and urban poor into organized solidarity groups.
- • 2. Inculcate the habit of regular savings.
- • 3. Distribute productivity-enhancing microfinance loans.
- • 4. Provide capacity development and technology transfer for agro-business.
Our Achievements
1. Disbursed microfinance services to over 500,000 active borrowers.
2. Enabled 99.2% repayment rate through rigorous community supervision.
3. Conducted skill development training for 40,000+ agro-entrepreneurs.
Products & Financial Guidelines
### Loan Products
- **Jagaran (Core Loan)**: For general microfinance activities. Limits: BDT 10,000 - 50,000.
- **Agro-Finance (Sufalon)**: Seasonal credit for farmers and crop cultivators.
- **Micro-Enterprise (Agrosor)**: Financial support for expanding businesses. Up to BDT 1,000,000.
- **Jagaran (Core Loan)**: For general microfinance activities. Limits: BDT 10,000 - 50,000.
- **Agro-Finance (Sufalon)**: Seasonal credit for farmers and crop cultivators.
- **Micro-Enterprise (Agrosor)**: Financial support for expanding businesses. Up to BDT 1,000,000.
### Savings Schemes
- **General Savings**: Weekly savings of BDT 50+ earning interest.
- **Double Return Scheme (DPS)**: Fixed monthly deposit schemes for 5/10 years.
- **General Savings**: Weekly savings of BDT 50+ earning interest.
- **Double Return Scheme (DPS)**: Fixed monthly deposit schemes for 5/10 years.
### Eligibility Criteria
- Age: 18 - 60 Years
- Target Group: Low-income households
- Age: 18 - 60 Years
- Target Group: Low-income households
### Application Process
1. Join a local VERC Samity (group)
2. Attend weekly meetings for 4 weeks
3. Propose loan purpose to Samity, followed by officer verification
4. Disbursement within 7 days
1. Join a local VERC Samity (group)
2. Attend weekly meetings for 4 weeks
3. Propose loan purpose to Samity, followed by officer verification
4. Disbursement within 7 days
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Donate TodaySuccess Stories
Shabana's Path to Financial Independence
Starting with a VERC microloan of BDT 20,000, Shabana bought a sewing machine and now runs a thriving tailor shop in Savar, creating jobs for 3 other...