Based on successful operation in the preceding years and to retain the overall growth of the organization, MSS-WCP management decided to carry on its expansion plan of microfinance program in more urban and rural areas by enrolling more distressed women, making credit available to the urban and rural poor enabling them to become engaged in different income generating activities, which in turn, enables them to become economically self-reliant. Through this process, MSS proved itself a cost effective, sustainable, reliable financial service for employment and income generating activities for the poor, while still achieving a recovery rate of above 99% since 1989.

MICRO ENTERPRISE LOAN (AGROSOR)

The ME loan is given to the WCP members who are willing to invest in a running business to enhance income and generate employment. This loan size ranges Tk. 295846, repayable within one or two years by weekly /monthly installment. In 2022-2023, a total of 8,486 members received Tk. 3407.54 million ME loan in rural and urban areas and an amount of Tk. 3011.72 million was realized, maintaining outstanding at Tk. 2268.124 million, attaining a recovery rate of 98.07%.

AGRICULTURE SECTOR MICROCREDIT (SUFOLON)

This loan amount is given to the members to invest in agriculture sector to advance and boost agricultural production. In 2022-2023, Tk. 2068.63 million was disbursed among 27,547 borrowers and an amount of Tk. 2168.897 million was realized, maintaining outstanding at Tk. 1250.937 million, accomplishing a recovery rate of 98.58%.

SMAP

Bangladesh is a land of agriculture where more than 70 percent people live in rural areas who are largely dependent on agriculture and agri-business for their livelihood. To strengthen food security and reduce poverty MSS, in 2005, launched Small and Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project (SMAP) with the objective of increasing agricultural output, promoting agro-business, facilitating agro-based services and creating sustained employment opportunities. This is a loan fund given by Japan International Cooperation Agency (JICA) to Bangladesh Bank from where MSS is receiving the fund through an agreement with Bangladesh Bank. To achieve the objectives, the technical team of MSS is imparting training to its staff and WCP members.

In 2022-2023, a total of Tk.955.45 million loan was disbursed among 11,620 members of which Tk. 451.25 million, Tk.246.35 million and Tk.4.07 million respectively were disbursed for agriculture, livestock and purchase of agro-machineries.

MEMBER'S SAVINGS

MSS-WCP makes conscious efforts to develop savings habit among its members so that they can utilize the money during their emergency needs. MSS maintains four types of savings:

General Savings

To develop savings habit, the members of MSS-WCP are encouraged to save asking them to deposit a fixed amount of money from their earnings every week. In 2019-2020, a total of Tk. 1869.59 million was collected under this savings scheme and Tk. 89.15 million interest was paid on savings during the same period. The cumulative savings deposit was Tk. 15,062.09 million and cumulative savings withdrawal was Tk. 13,165.98 million having a balance of Tk. 1896.10 million.