Seasonal Loan Program

Through the implementation of micro finance activities, VERC has observed that most of the beneficiaries are involved in agriculture based seasonal activities. They face financial crisis for agricultural production purpose. As a result they are not getting expected production. To increase their production and make them financially well off, VERC has initiated to implement the program. VERC firmly believes that this is a part of multidimensional microfinance activities assisting the farmers in due time with positive outcome. No. of Borrowers is 2,750; Loan Outstanding (portfolio) is Tk. 4,70,66,510 and the Recovery rate is 100%.

Increasing popularity of beef fattening activity among the borrowers for making income can be mentioned as an outcome of SLP. Especially before Eidul-Azha that requires supply of a huge number of cattle heads for sacrifice as a result the price of cattleheads goes high in the markets. Keeping the seasonal crisis, fattening has become popular across communities and to this effect; VERC offers financial support to interested borrowers to make income. This is now a popular way of making seasonal income across the program areas and the demand for support is gradually increasing every year.