{"id":3233,"date":"2022-06-18T11:40:10","date_gmt":"2022-06-18T17:40:10","guid":{"rendered":"https:\/\/beesbd.org\/?page_id=3233"},"modified":"2025-01-28T21:48:31","modified_gmt":"2025-01-29T03:48:31","slug":"microfinance","status":"publish","type":"page","link":"https:\/\/beesbd.org\/index.php\/microfinance\/","title":{"rendered":"Microfinance"},"content":{"rendered":"<p><strong>OVERVIEW<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">BEES\u2019s Microfinance program has been playing a vital role in changing the socio-economic condition of the target people since 1988. Earlier in 1980 as a project of CRWRC, in collaboration with Bangladesh Bank and later with Rajshahi Krishi Unnoyan Bank (RAKUB), BEES started working on microfinance program. Currently, Microfinance is the major program of BEES and it provides the much needed capital to the beneficiaries to implement in various fields of development activities which help them generate income for their families. It has truly orchestrated a way for poverty alleviation through microfinance along with human resource development, income generation and other promotional activities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beside self-employment, a large number of wage based employment opportunities are created every year. The beneficiaries are becoming graduated every year and they are receiving micro enterprise loan as entrepreneurs. The small businesses are creating employment prospects for the target population. The cycle is creating multiple positive impacts to reduce poverty. Microfinance now works in inclusive approach by providing health, education, agriculture, Social Safety Net and other support services. For increasing the self-sustainability and thereby improving the physical wellbeing, the demand of Microfinance fund has increased over years. Due to need and growth of this sector, BEES is borrowing from commercial banks and Non-Banking Financial Institutes (NBFI) including PKSF to increase the total outstanding gradually to meet the demand of its clients.<\/span><\/p>\n<p><b>Goal of Microfinance<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Enhancing the scope of social-economic uplift and empowering the disadvantaged people especially women through Microfinance.<\/span><\/p>\n<p><b>Objectives:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES designed its Microfinance Program based on social realities in order to obtain sustainable development. The major objectives of MF program are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Creation of self and wage-based employment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contribution towards establishing social equity and fundamental human rights<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improvement of life skills and unbundling livelihood opportunities for the underprivileged people<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduction of poverty through building resilience<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ultimately, supplements sustainable development as a whole<\/span><\/li>\n<\/ul>\n<p><b>Components of Microfinance Program<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES\u2019s microfinance program is a packaged program for socio-economic development and poverty reduction. The components of this program are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Savings component<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit component<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurance component<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Social services component<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">BEES organized the rural and urban poor people under a formal samity office following certain rules and regulations under microfinance program.\u00a0<\/span><\/p>\n<p><b>Savings Component<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES Microfinance program has three types of savings components, which are:\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compulsory savings which is weekly &amp; on monthly basis<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Voluntary savings\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Term deposit<\/span><\/li>\n<\/ol>\n<p><b>Compulsory Savings-Weekly:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Depending on the loan size, each member deposits BDT 100 to 400 each week. BEES pays the accounts BDT 6 as interest per year; 25% of the yearly deposit may be withdrawn twice each year. The member may leave BEES at any time by withdrawing the full amount of their savings, once the loan has been paid.<\/span><\/p>\n<p><b>Compulsory Savings-Monthly:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is a General Savings-Monthly product for BEES members. It is an opportunity for those members who are interested to receive Micro Enterprise Loan and want to be an entrepreneur. Members can deposit BDT 100 to 20000 on a regular monthly basis. The interest rate is 12% per annum.\u00a0<\/span><\/p>\n<p><b>Voluntary Savings\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is another optional savings product for BEES members. Every member can deposit any amount. They are eligible to withdraw any amount whenever they want from their available balance. If any member leaves BEES, he\/she can withdraw the total amount after recovering all the dues. The interest rate is same as Compulsory Savings-Weekly.<\/span><\/p>\n<p><b>Term Deposit:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is another optional savings product for BEES members. Any member can deposit TK. 20,000 or more. They are eligible to withdraw their deposited amount whenever they want from their available balance. If any of the members leave BEES, he\/she can withdraw the total amount after recovering all the dues. The interest rate is same as Compulsory Savings-Monthly.<\/span><\/p>\n<p><b>Loan Component<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Credit is the most significant component of microfinance program. The members receive capital through credit facilities to fight against poverty. BEES has nine different loan products; these are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Jagoron (Basic credit facilities for rural and urban poor people);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Agroshor (Enterprise loan facilities for rural and urban small entrepreneur);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sufolon (Agricultural credit facilities for the farmers);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buniad (Credit facilities for the ultra-poor people);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sahosh (Disaster recovery credit facilities at subsidized rate).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LRL (Livelihood Restoration Loan)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LIF (Livelihood Improvement Financing)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">WASH (Water, Sanitation and Hygiene)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stimulus (Stimulus package program)<\/span><\/li>\n<\/ul>\n<p><b>Jagoron (Basic credit facilities for rural and urban poor people)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This component is for the poor of Rural and Urban areas who have cultivatable land less than 50 decimals. This is the major component of BEES Microfinance program. The individual loan range of the component is up to BDT 99,000. Borrowers can invest this loan in any legal income generating activities for their betterment.<\/span><\/p>\n<p><b>Agroshor (Enterprise loan facilities for rural and urban small entrepreneur)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This component is especially designed for the members who graduate from BEES\u2019s programs and manage to come out of the poverty trap. Individual loan range of the component is BDT 100,000 to 2,500,000. The program aims to create small entrepreneurs who will create wage based employment alongside self-employment. Through this program BEES promotes small enterprise, businesses and creates subsequent employment opportunities in both rural and urban areas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A large number of members become graduated from normal program and come out of the poverty trap. This component is especially designed for them. Individual loan range of the component is BDT 100,000 to 2,500,000. The aim of the program is to create small entrepreneurs who will create wage based employment beside self-employment. Through this program, BEES promotes small enterprise, businesses and creates subsequent employment opportunities in both rural and urban areas.<\/span><\/p>\n<p><b>Sufolon (Agricultural credit facilities for the farmers)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES, through this component disburses loan to the farmer for crop, livestock, fisheries and agriculture related business. Moreover, BEES disburses installment and seasonal loan based on the installment made by the loaner. BEES provides seasonal agriculture loan to its borrowers at the beginning of a particular season and collects it from farmers after harvesting. Therefore, the farmers can utilize agricultural inputs properly and they can avail materials to increase their production day by day.<\/span><\/p>\n<p><b>Buniad (Credit facilities for the ultra-poor people)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES observed throughout the past years that, although the Microcredit program covers a large number of beneficiaries\u2019, but in many cases, the ultra-poor remained deprived for multiple reasons. From our experiences, we realized that this sector required extra assistance and attention to come out of shadow of poverty. Thus, BEES initiated a specialized program that targets extreme poor including landless people at a subsidies rate. BEES also have provided IGA training to them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Throughout the past years, BEES observed that even though its Micro-credit programs cover a large number of beneficiaries, but in many cases the ultra-poor remained left out due to a variety of reasons. From our experiences, we have realized that this sector required extra assistance and attention to come out of the shadow of poverty. Thus, BEES initiated a specialized program that targets extreme poor including landless people.<\/span><\/p>\n<p><b>Sahosh (Disaster recovery credit facilities at subsidized rate)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Ultra-Poor, Moderate Poor and Pro-Poor, these groups get affected first by any disaster. Therefore, BEES has targeted these groups on a priority basis under Microfinance program. This program is specially designed to help the affected people to fight against all the natural calamities. To mitigate disaster, BEES provides loan to the affected borrowers at a yearly interest rate of 4 %. BEES also initiates relief and rehabilitation program for them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ultra-Poor, Moderate Poor and Pro-Poor, these groups get affected first by any disaster. Therefore, BEES have targeted these groups under Microfinance program. This program is specially designed to help the affected people to fight against all the natural calamities. To mitigate disaster, BEES provides loan to the affected borrowers at a yearly interest rate of 4%. BEES also initiates relief and rehabilitation program for them.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><b>LRL (Livelihood Restoration Loan)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Main objective of Livelihood Restoration Loan (LRL) is to regenerate the economic activities of Covid-19 affected beneficiaries, including the creation of self-employment opportunities. Under this credit component, BEES is providing credit support for generating self-employment and rejuvenate the economic activities through considering the following areas:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Agriculture and related small entrepreneurs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Small and cottage industry-related entrepreneurs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trained youth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unemployed youth, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Returning migrant workers<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>LIF (Livelihood Improvement Financing)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Under the operating areas of BEES, this component is for any client who wants to improve his livelihood status and can take credit from this component as per certain loan policy.\u00a0<\/span><\/p>\n<p><b>WASH (Water, Sanitation and Hygiene)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To improve Water, Sanitation and Hygiene status for the clients, to reform institutions and improve WASH services, BEES introduced a new credit component named WASH. The major objectives of this component are to improve access and quality of water supply, sanitation, and hygiene (WASH).<\/span><\/p>\n<p><b>Stimulus (Stimulus package program)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bangladesh government has announced a stimulus package for the people as well as different individual sectors those are affected by covid-19. The package includes liquidity support for producers, exporters as well as small, medium, and large factories and business enterprises to boost up the domestic economy and cope up with the changing COVID-19 pattern. BEES is mobilizing fund from the investors like banks and disburses to the borrowers to make the program fruitful.\u00a0<\/span><\/p>\n<p><b>Micro-enterprise Financing and Credits Enhancement Project (MFCE)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Micro-enterprise Financing and Credits Enhancement Project (MFCE) is a new initiative introduced by BEES, designed to support aspiring entrepreneurs who have little to no access to financial assistance. This is a collaborative initiative, adopted from the Palli Karma-Sahayak Foundation (PKSF) with financial and technical support from the Asian Development Bank (ADB).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MFCE project aims to strengthen the microfinance sector in Bangladesh by expanding access to financial services for small, unbanked, and underbanked businesses. It is particularly focused on micro-enterprises owned by women and those in regions vulnerable to climate change.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The operation begins by dividing the working areas of BEES branches into four clusters. This clustering allows for more targeted and effective interventions. Within these clusters, specific projects that align with the project&#8217;s goals are selected and funded according to established guidelines.<\/span><\/p>\n<p>Key Principles and Focus Areas of the MFCE Program are as follows:<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Targeted Project Selection:<\/b><span style=\"font-weight: 400;\"> The MFCE project emphasizes funding projects that are permanent and visible, ensuring that the loans provided have tangible and lasting impacts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Environmental Responsibility<\/b><span style=\"font-weight: 400;\">: The project is committed to environmental and climate protection. Careful attention is given to avoid financing projects that could harm the environment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sustainable Employment and Economic Growth:<\/b><span style=\"font-weight: 400;\"> By focusing on targeted areas and projects, the MFCE project aims to create sustainable employment opportunities and contribute significantly to improving the local economy.<\/span><\/li>\n<li aria-level=\"1\"><b>Funding Flow: <\/b><span style=\"font-weight: 400;\">Funds for the MFCE project are channeled through PKSF, a state-owned wholesale microfinance and development organization. PKSF then lends these funds to its partner microfinance institutions (MFIs), including BEES, which in turn provide loans to the micro-entrepreneurs. Besides, BEES also contributes its own fund to operate the project well.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Through this structured and responsible approach, the MFCE project strives to make a lasting positive impact on individual livelihoods and the broader economy in Bangladesh, fostering the growth of resilient and sustainable micro-enterprises.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Member Welfare Fund (MWF)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">MWF is a Credit Risk\/Insurance Component, through which BEES collects and deposits 1% amount during disbursing loan to the beneficiaries. It is deposited as welfare fund for that respective member and her families. It is credit insurance. If any of the borrowers or prime earning person of borrower\u2019s family dies, rest of their loan amount will be adjusted by the Member Welfare Fund. Members will be eligible to get refund of their total savings after adjustment of remaining loan amount by this fund.<\/span><\/p>\n<p><b>Social Services Components<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To improve the socio-economic condition, BEES also provides awareness and capacity building training, IGA training and primary health care services.\u00a0 To improve these social services BEES has a Member Charter of following points:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Follow BEES\u2019s guideline and overcome poverty by receiving and properly utilizing necessary amount of loan from BEES.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attend every group meeting on time and inspire all members to do the same<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Save more and protect ourselves from any difficulties<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don\u2019t increase loan burden and never have overdue<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don\u2019t engage in any dispute with each other; every different opinion can be solved by discussion<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Never use finger print; teach children\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Register new born child at Union Perished\/Municipality\/City Corporation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use sanitary latrine and wash hands clearly after using it<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Feed colostrum to new born baby and provide breast feed at least six months\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide immunization to children within a year<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don\u2019t put the life of your daughter at risk by early marriage (before 18 years old)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Grow more fruit, herb and medicinal trees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rear livestock and poultry through modern methods and increase income &amp; nutrition supply for the family<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Take equal care of son and daughter and provide them nutritious food<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stop giving or receiving dowry to establish a dowry free society<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Take part in all the elections and cast vote by your own decision<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receive BEES health services to stay healthy<\/span><\/li>\n<\/ul>\n<p><b>Innovative Programs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Beside Microfinance, BEES initiated following support and evaluation program for strengthening and evaluating the main program.\u00a0<\/span><\/p>\n<p><b>Automation<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To make the work smoother and faster, BEES started automation for microfinance program through a web-based software named Infrasoft Tech. It has own software developed by its IT team. Developing required software, maintaining the software and ensuring the smooth connection of head office &amp;\u00a0 all branch offices with BEES\u2019s central server are the major responsibilities of the team.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><b>Employment Creation<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Employment creation plays a significant role in reducing poverty. BEES has been creating self and wage based employment through disbursing loan to achieve its goal. <\/span><\/p>\n<p><b>Future Directions<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Future direction of Microfinance program encompasses on promoting community participation, formation of homogenous groups, skill development, prioritizing income raising support, saving collection for making capital, collecting fund from financial institutes, donor agencies and, thus providing credit support at less cost. More emphasize will be given to support the micro enterprise to create more employment opportunities headway.<\/span><\/p>\n<p><b>Projection for Next Five Years<\/b><\/p>\n<p><span style=\"font-weight: 400;\">BEES has experienced and qualified work force to achieve its target and goal. A well designed plan will help in future implementations which will bring success every year on a regular basis. Next five year\u2019s plan of BEES Microfinance is given below:<\/span><\/p>\n<p><b>Rating<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Beside audit report, BEES also assesses the quality and position of the organization by an External Rating Agency. Its Rating performance is now long-term AA- and short-term ST-1. It is boosting our spirit to work more dedicatedly in achieving our goal. The past review shows that the microfinance program of BEES is playing a significant role in fulfilling the target to achieve its goal. Beside institutional development, a large number of people are improving their socio-economic position. It is creating a large number of employments opportunities every year. We believe that BEES will serve its target population more dedicatedly and achieve its aspiration in the way of making a poverty free Bangladesh.<\/span><\/p>\n<p><b>Social Impact of MF Program:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Microfinance has been providing support to a large number of beneficiaries around all over the country since 1988 for uplifting their socio-economic status. Followings are some significant social changes observed due to operating the MF program:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Community people especially the reaching out to marginalized and underserved populations with limited access to traditional banking services are getting the financial services from the program\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Female\u2019s empowerment as well as the family\u2019s empowerment has been increased due to newly start or expanding the small businesses, generate income and improving their living status\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Females are becoming financially independent, their mobility has been increased and gender discrimination has been reduced<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The program has been working in close collaboration with local communities thereby social cohesion and collective development is exaggerating<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clients\u2019 financially literacy has been increased to operate their small enterprises<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A significant number of beneficiaries established them as entrepreneurs, they could increase their assets &amp; created job for others; their own purchasing power has also been increased. As a result, their dignity in the society has been increased.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Overall, the motto of this program is &#8216;<em>Leading the way towards a sustainable future&#8217;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OVERVIEW BEES\u2019s Microfinance program has been playing a vital role in changing the socio-economic condition of the target people since 1988. Earlier in 1980 as a project of CRWRC, in collaboration with Bangladesh Bank and later with Rajshahi Krishi Unnoyan Bank (RAKUB), BEES started working on microfinance program. Currently, Microfinance is the major program of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"class_list":["post-3233","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/pages\/3233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/comments?post=3233"}],"version-history":[{"count":9,"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/pages\/3233\/revisions"}],"predecessor-version":[{"id":5776,"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/pages\/3233\/revisions\/5776"}],"wp:attachment":[{"href":"https:\/\/beesbd.org\/index.php\/wp-json\/wp\/v2\/media?parent=3233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}