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Categories of Loan

Principally, loan products are designed in main two categories based on loan size and rate of interest.

  1. Micro Loan: The loan is intended for rural and urban poor households to finance their economic and non-economic activities. The microloan aimed to build a strong capital base. This loan is called ‘Udayan loan’ and the loan ceiling varies from BDT 10,000 to BDT 100,000 and gradually increased maximum 500,000.  Women are given priority for this microloan. Agriculture loan is also disbursed under microloan. The rate of interest also varies on loan size from 22% to 24%.
  2. Micro Entrepreneur loan: The micro-entrepreneur (ME) loan is mainly a graduated micro loan and is considered an individual loan. This micro-entrepreneur loan is called ‘Unnati Loan’. ME loans significantly contribute to creating self-employment and wage employment opportunities. Furthermore, the inclusion of missing middle borrowers into financial inclusion has become of utmost importance. RDRS ME loan ranges from BDT 101,000 to BDT 500,000 and gradually increased maximum 3,000,000. Youths and women entrepreneurs are priorities for this loan. The rate of interest also varies on loan size from 20% to 24%.
  3. Agriculture loan: From the inception of the microfinance program, RDRS has given special attention to the agriculture sector in the northern part of Bangladesh, i.e. Rangpur division. RDRS is implementing many agriculture projects in collaboration with PKSF, such as Shufolon, LIFT, KGF etc. to support the agriculture credit. Besides, in collaboration with commercial banks agriculture loan is also provided to the farmers. Technical support is also provided to the farmers. Bangladesh Bank also finances to RDRS agriculture credit and conducts field-level monitoring. RDRS is implementing a project titled ‘Small and Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project (SMAP)’ with the supported by Bangladesh Bank. Out of total loan, around 70% loans are disbursed on agriculture sector.
  4. Non-IGA Credit: Considering the social impact and health and well-being of the clients, RDRS is being implemented some non-IGA credit project such as- Water Credit (Supported by, BD Rural Wash, Sanitation Development, Asset Creation, Livelihood Increasing (Supported by PKSF).