Micro Credit:
Bangladesh, a country with a significant population and a history of economic challenges, has witnessed remarkable success in the implementation of microcredit programs. Step also taken initiatives, like Grameen Bank, BRAC, and others, to played a crucial role in uplifting communities by providing accessible financial services to the marginalized. One of the most significant blessings of microcredit in Bangladesh is its impact on women’s empowerment. To create working capital for our beneficiaries we are helping them to be united and collecting savings weekly. We also help them to create employment opportunities through the distribution of loans to the beneficiaries as per their need. Step has a Microcredit Fund. We have taken bank loans to enrich the microcredit fund. Besides, we have enlisted as an associate organization of Palli Karma Sahayak Foundation (PKSF) by November 2023. We are feeling proud to associate with PKSF. We are hopeful that our organization will become sustainable one for their financial help and guidance. STEP has 572 groups, 8651 members, 5734 loaners covering 9 Upazila and 3 districts.
Micro Finance Data:
Branch Name | No. of Groups | No. of Members | No. of Borrowers | Total Savings | Outstanding | Bad Loan |
Poyla | 76 | 1471 | 829 | 21,745,681 | 23,038,514 | 1,363,038 |
Daulatpur | 82 | 1574 | 959 | 22,131,466 | 31,979,093 | 1,390,864 |
Jhitka | 76 | 906 | 666 | 3,507,893 | 12,969,709 | 2,714,797 |
Manikganj Sadar | 91 | 1334 | 965 | 9,188,423 | 36,885,399 | 3,785,398 |
Saturia | 35 | 514 | 411 | 3,279,479 | 13,105,275 | 1,458,848 |
Nagarpur | 49 | 632 | 510 | 5,569,515 | 12,357,827 | 2,474,375 |
Pakutia | 46 | 515 | 310 | 1,233,629 | 6,355,816 | 907,963 |
Kalampur | 54 | 856 | 527 | 6,729,310 | 17,784,705 | 2,031,619 |
Singair | 63 | 849 | 557 | 4,022,894 | 15,818,908 | 1,145,709 |
Total | 572 | 8651 | 5834 | 77,543,501 | 172,746,870 | 17,272,611 |