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Seasonal Loan

Seasonal Loan

After lot of investigation, research, experience and different studies on credit program RRF has realized that a big part of the loanees of micro loan for their different kinds of income growing seasonal works. They have to wait for a certain time to get profit from this investment. Again there are some businesses that they do for a certain time in the whole year. During that time this underprivileged member does not have any money and for that reason they take loan with high interest from local money lenders for this purpose. Considering this seasonal business Rural Reconstruction Foundation has decided to initiate the Seasonal Loan Program with the functional support and advice of PKSF.

Goal:
The seasonal loan is to help members of micro loan program to create an opportunity for being self dependent by their extra income with the seasonal business besides the using of micro loan.

Objectives :
The objectives of this program are as follows:

  • To give seasonal loan to those who are unable to continue seasonal loan program because of their financial crisis on appropriate time.
  • To encourage and help them to increase the growth seasonal products.
  • To help the poor members to free themselves from the money lenders for seasonal harvests and other businesses.
  • To upgrade the life style of the members by extra income.
  • To make an opportunity for new investment by multiplying the loan.
  • To extend different kinds of income developing activities through utilizing the local assets.
  • To cooperate the farmers for getting the right price for their seasonal products by distributing money on right time.
  • To give them necessary intermediate financial support during their production.

Loan Amount:

The lowest loan selling amount will be Tk.5000/= (Five thousand) and the highest amount is Tk.25, 000/= (Twenty five thousand). The loan amount will be selected on the experience of loanee and considering of the project.

The Progress report of Seasonal Loan:

(June 2009)

 
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