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Micro Finance

Analytical Overview of the Economic Empowerment Programme: Microfinance

POPI's Economic Empowerment Programme, specifically the Microfinance component, plays a pivotal role in the organization's mission to eradicate poverty and stimulate employment, directly aligning with the objectives of Sustainable Development Goals 1 (No Poverty) and 2 (Zero Hunger). This programme offers a diverse range of loan products meticulously designed to cater to different segments of programme participants, accounting for crop seasonality, and addressing the risks associated with natural disasters.

Microfinance Product Portfolio:

  • Buniad: Designed to uplift the extreme poor.
  • Jagoron: Providing loan support to those categorized as moderate poor.
  • Agrosor: Tailored credit solutions for middle-income borrowers.
  • Sufolon: Focused on supporting agricultural development.
  • Sahos: Emergency credit facilities.
  • Enrich: Supporting Income Generating Activities (IGA), livelihood development, and asset creation.
  • Water Credit: Financing for Water, Sanitation, and Hygiene (WASH) projects.
  • LIFT: Innovative loans to encourage and support financial and non-financial initiatives.
  • PROSAR: Loans aimed at assisting Small and Medium Enterprises (SMEs) to recover from the effects of the COVID-19 pandemic.
  • LRLP: Loans designed to support those affected by COVID-19 and address emerging vulnerabilities.
  • ABASON: Housing loans for shelter and habitation.
  • SDL: Loans for sanitary latrine construction.
  • RAISE: Promoting the recovery and advancement of informal sector employment.
  • BD WASH: Supporting rural water, sanitation, and hygiene initiatives for human capital development.

Key Performance Highlights (2023-2024)

Expansion:
POPI has achieved significant growth in its microfinance operations, now extending its services to 216 upazilas across 35 districts, supported by a network of 285 branches. This expansion has greatly enhanced financial accessibility for underserved and marginalized communities.
Membership and Borrowers:
The Economic Empowerment Sector (EES) of POPI has reached a milestone of 314,052 members, with 2,556,257 active borrowers accessing the programme’s financial services. This growth reflects the trust and reliance placed in POPI’s initiatives.
Financial Inclusivity:
POPI’s microfinance programme remains a cornerstone in promoting financial inclusivity:
  • Principal Outstanding: 17,028 million Taka
Analytical Insights:
POPI’s Microfinance Programme has proven to be a transformative force in poverty alleviation, economic empowerment, and financial inclusion. Its impressive expansion, growing outreach, and diverse range of loan products demonstrate its dedication to tackling the multifaceted socio-economic challenges faced by marginalized populations. The programme’s robust financial performance not only highlights its capacity to generate significant social impact but also ensures its long-term sustainability. POPI stands as a pioneering model for effective and inclusive microfinance initiatives, aligning closely with the Sustainable Development Goals (SDGs) and setting a benchmark for impactful development practices.