Project Name : Micro-finance

Doner : Self

Sector : Development

Area : Satkhira

Time Line : January-1998 to Continuous

Brief of activities :

These days microfinance operation has become a globally recognized approach for reducing poverty in the developing and least countries. Its role in socio-economic development of the poor people is inevitable as it helps make the capital and access to financial/banking to these people. Bangladesh is the birthplace of microcredit programs of the world. Realizing the importance of microcredit, Nobo Jibon started its savings and credit programs in 1998 to encourage increasing the income of the poor through income generating activities (IGA’s) and micro enterprises. Nobo Jibon provides access to financial services to the poor who are unable to obtain credit from mainstream banks due to lack of necessary assets and referrals. The borrowers, most of whom are women, use these loans to engage in various income generating activities to improve their socio-economic status. Nobo Jibon experiences suggests that only microcredit is not enough to tackle poverty and the poor also need a package of other services like health, nutrition, education etc. for their economic empowerment. Therefore, Nobo Jibon follows an integrated development approach in micro-finance program that aims to alleviate poverty not only through income generation but through an integrated approach. Integrated development is the system of collectively implementing health, economic and education initiatives to strategically meet a community’s development goals.

Micro-credit is the extension of very small loans (microloans) to impoverish borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension.

In Bangladesh, the rural poor, particularly the women, are unable to obtain credit from mainstream banks due to lack of necessary assets and referrals. They are mainly dependent on the informal supply from moneylenders who charge an exorbitant rate of interest. Nobo Jibon initiates its credit program to create opportunities for employment and income for the rural poor, specially, the women and reduce the dependency on the moneylenders. Nobo Jibon, provides collateral free loan to the poor in both rural and urban areas in a simple, efficient and affordable manner. The borrowers use these loans to engage in various IGAs to improve their socio-economic status.

Project Name : Non-formal Education Institute

Doner : Self

Sector : Education

Area : Satkhira

Time Line : 1998 to Continuous

Brief of activities :

Nobo Jibon is operating 3 Pre-Primary School at the grassroots areas of Satkhira district for the most vulnerable and disadvantaged children including the dropped out children from the education. Nobo Jibon is trying to ensure education for such children so that they can mainstream the formal educational system. Nobo Jibon is providing books, stationeries, school bags etc. free of cost. About 90 dropped out children are getting the educational facilities per session.

Project Name : Training Programs

Doner : Self

Sector : Training

Area : Satkhira

Time Line : Continuous

Brief of activities :

Nobo Jibon provides training for the professionals as well as beneficiaries to enhance the capacity of different development issues. Nobo Jibon has a skilled and expertise pool of trainer to conduct the training. It has two well equipped training rooms along with accommodation facilities.