RHECO
+880 1904 127 788, +880 1711 571 942, +880 24777 4 6796
info@rheco.org
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Microfinance Program

The organization started its first loan program on May 14, 1994 after receiving registration. From the experience of the executive director of the organization for a long time, When he started setting up branch offices, He left the district town, upazila headquarters and set up offices in the villages of remote rural areas to get closer to the poorest people. At that time, they had no idea that the hardworking poor people of the area could get quick loans from NGOs on such easy terms. The organization gradually mobilized them to develop the habit of first depositing savings and started providing group loans. At present, the organization is disbursing micro loans, business loans, cattle rearing, agricultural loans at low interest on easy terms as prescribed by MRA, with the aim of poverty alleviation. The repayment period of loan based schemes has also been varied so that the poor people benefit from the loans. Weekly installments for rickshaws, vans for small businesses. 8/10 months are given for cattle rearing, fish farming and 6 months for agricultural loans.

By taking loans from the organization, many families have now become self-reliant, freed from the scourge of poverty. Being able to send children to school and feeding them with good clothes and nutritious food.

Microfinance Products

RHECO has developed need-based microfinance products to meet the demand of most vulnerable poor who require additional support to develop the skill for self-employment in order to come out of abject poverty. The products of RHECO Micro Finance are as mentioned below:

Jagaran

The Services of this product are providing through 15 branches and borrowers are allowed to use the loan mainly for income generating activities (IGAs) like. Agriculture, livestock realigning small business, local transport vehicle operating etc.

Agrasor

The entrepreneurs who are running business and making gross profit but are in need of more capital or have shortage of capital can get larger loans under this package for their enterprise development.

Sufalon

Through there is huge potentials in investment is made in this sector. RHECO is working in this sector to provide the facility for the farmers by giving them credit support according their need and provision of repayment after the harvest. In the traditional microfinance the borrowers have to start their loan installment after investing the money regardless of getting return from there. This creates immense pressure on that enterprise and even makes loss. The newly introduced onetime installment system has reduced this extra pressure and thus gives a new dimension of RHECO microfinance service.

Microfinance Performance at a Glance

Description 30th June 2024 30th June 2025
District covered 4
4
Working Thana/Upazila 10 14
Union/Powrasava 82 99
Village overed 402 493
Total staff in microfinance 96 126
Field Officer 60 73
No. of Branch 15 20
No. of Members 114817 17490
No. of Borrowers 11543 14074
Cumulative Loan Disbursement (Tk. in Crore)
434 560
Cumulative Loan Collection (Tk. in Crore) 368 472
Current Loan Outstanding (Tk. in Crore) 66 88
Cumulative Saving Collection (Tk. in Crore) 63 80
Cumulative Saving Refund (Tk. in Crore) 48 59
Member Of Saving (Tk. in Crore) 15 21
Cumulative Fund Received (Tk. in Crore) 106 132
Cumulative Fund Refund (Tk. in Crore) 66 88
PKSF & Bank Fund Outstanding (Tk. in Crore) 40 48
Cumulative Recovery Rate (CRR)
99.61% 99.23%