Cost Efficient, Sustainable and Fast Growing Microfinance

 

Special Loan Products

 

i. Small Loan for Male Client (Spouse or Family Head of Female Client)

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

A special loan product designed for the spouse or family head of ASA’s female client to cater to the need for strengthening supplementary/main income generating activities of the family by injecting some working capital. It also intends to support rural households for their agricultural activities during seasons

BDT 4,000 or US$ 60

12.5% (flat)

One Year

Monthly (12 equal monthly installments)

BDT 1,000 or US$ 15 (maximum); annual

ii. Business Development Loan (part of BDS)

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

Defaulters who lost projects due to factors beyond their control and have willingness to pay. Mainly to cater to the need of small and small business loan clients’

BDT 5,000 or US$ 75

12.5% (flat)

One Year

Flexible; Weekly or Monthly

Not fixed; depends on progress and capacity

iii. Rehabilitation Loan

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

A loan product for clients’ affected by natural disasters e.g., flood, cyclone etc

BDT 1,000 or US$ 15

Interest free

12 months

Flexible; Weekly or Monthly

NA

iv. Short Term Loan

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

A loan product of short duration for clients’ having business activities in need during seasons

BDT 100,000 or US$ 1,470

12.5% (flat)

3 months

Flexible; Monthly or at a time

NA

v. Scarcity Loan

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

A loan product for clients’ in scarcity during lean season; Loan can be used for both asset building before the lean season and consumption during the lean season

BDT 3,000 or US$ 45

12.5% (flat)

3 months

Flexible; Monthly or at a time

NA

vi. Education Loan

Eligible Criteria

Initial Maximum Loan Size

Interest rate

Loan Term

Repayment Mode

Incremental increase of loan size

A loan product to support clients’ children studying in 8th grade and above

BDT 3,000 or US$ 45

10% (flat)

One Year

Weekly

NA