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Welcome to cedar

Micro-credit

Income Generating Program (IGP)

CEDAR (Concern for Environmental Development And Research) has a vision that came out of social and economic mission of bringing financial service to the poor and the poorest so that they can come out of poverty. As micro credit service provider CEDAR at present is providing micro-credit approximately 11,944 families through its 11 branches in 10 Upazilas of 04 different districts both in urban and rural areas. The Urban areas are in Dhaka, Gazipur and Narayanganj cities. The rural areas are Gazipur, Narshingdi, Narayanganj districts. CEDAR has been providing financial services for disadvantaged communities in Greater Dhaka of Bangladesh since early 1996. The program has evolved over decades and presently offers services in mobilization of savings, micro-credit, enterprise credit, asset creation specialized services for ultra poor households by technical and financial assistance of PKSF. These services are provided through groups, most of the groups and their members are rural women.
CEDAR has started micro credit through replication of PKSF model in the year 1996 in one of the Dhaka city slums, since then it has served 11,944 families through 9,719 Borrowers and had disbursed Tk. 11,84,31,000/- as loan till October 31, 2018. Present outstanding loans stands at Tk 20,18,47,249/- and total savings deposit of Tk 7,16,31,166/-. A successful Micro-finance program starts with clear objectives to set up permanent institutions with systems designed to provide standard financial service on a long-term sustainable basis. This objective implies following key things: good quality financial products and services, delivery by an appropriate institution on a profitable basis to satisfy clients who continue to value and use those services. Quality of financial services means, which would meet the needs of the poor community and not only the needs of financial institution.

Under the Income Generating Program (IGP) each group has 15-30 members. They receive an orientation on financial procedures and discipline. The savin gs by each member of the group starts from the inception of group formation. They usually save taka 25 a week. Following this process of group discipline and savings in about 7 days time the members start receiving micro credit. Each member can borrow taka 20,000 to taka 49,000 as micro loan.

The successful micro borrowers can apply for enterprise credit. Enterprise loan is a service product to assist group members to set up larger scale economic activities which result in enhanced income and employment opportunities. The amount of the enterprise loan ranges from taka 50,000.00 to taka 10,00,000.00. Duration of July 2018 to October 2018 the information of Income Generating Program (IGP) has been given bellow:

SL Total Branches Total Beneficiaries Number of Female Members Number of Male Members Total Savings Number of Borrowers Total Loan Disbursed Total Outstanding
01 11 11944 11221 723 71631166 9719 118431000 201847249

Income Generating Program (IGP) Services

Savings :

The objective of savings fund mobilization is to create regular savings habit among the clientele groups and to form the capital base of their own. A group savings fund is generated through a mandatory savings regime of minimum 25 taka by each group member every week. The savings fund earns an interest of 6% annually (equaling that of bank interest). The savings fund by the Income Generating Program (IGP) members are as follows (July to October 2018) :

SL Name of Branch Number of Borrowers Savings
Female Male Total Mandatory Savings Voluntary Savings Total Savings
01 Tongi 1207 73 1280 7716756 2500431 10217187
02 Arikhola 713 14 727 3052935 1121208 4174143
03 Jamalpur 1624 0 1624 6538508 1568054 8106562
04 Ghorashal 1182 30 1212 5063292 2095290 7158582
05 Madhobdi 1100 0 1100 4416892 965604 5382496
06 Gopaldi 746 2 748 2033574 1168554 3202128
07 Bishnandi 576 0 576 1000620 1587004 2587624
08 Araihazar 1884 32 1916 10384129 4429546 14813675
09 Rupganj 808 19 827 2919355 1385452 4304807
10 Narayanganj-1 1248 553 1801 7230322 3896022 11126344
11 Narayanganj-2 133 0 133 381509 176109 557618
Total: 11221 723 11944 50737892 20893274 71631166

Micro-credit:

A group becomes eligible to receive micro-credit support after 15 days of group formation, provided group activities during the development stage has been completed satisfactorily. The objective of micro-credit support is to provide the members with financial capital needed for income generating activities that would enhance the members’ livelihood and create employment in the rural areas. Credit is disbursed in a scheme basis among the group members. A loan scheme is formed comprising one member from each sub-group. Credit is provided to schemes in priorities chosen by the members themselves and disbursement to any member of the concerned scheme is subjected to satisfactory repayment of the sub-group members who received loan in earlier loans. A 25% declining rate of interest is charged against disbursed credit. Members pay back their loan along with service charge in 46 weekly installments. The loan amounts range from Tk 20,000.00 to Tk 49,000.00. Information of disbursed loan has been given bellow (July to October 2018):


SL Name of Branch Number of Beneficiaries Loan Disbursed (Taka)
Female Male Total Urban Microcredit Rural Microcredit Total Taka
01 Tongi 227 11 238 0 8289000 8289000
02 Arikhola 152 1 153 0 4625000 4625000
03 Jamalpur 342 0 342 0 10918000 10918000
04 Ghorashal 254 5 259 0 8284000 8284000
05 Madhobdi 280 0 280 0 9220000 9220000
06 Gopaldi 189 0 189 0 6250000 6250000
07 Bishnandi 259 0 259 0 8183000 8183000
08 Araihazar 440 4 444 0 16265000 16265000
09 Rupganj 175 2 177 0 6049000 6049000
10 Narayanganj-1 238 107 345 0 12229000 12229000
11 Narayanganj-2 75 22 97 0 3353000 3353000
Total: 2631 152 2783 0 93665000 93665000

Micro Enterprise Credit :

Small Enterprise Loan is provided with the aim of increasing the diversity of economic activities in the rural areas by supporting economic enterprises. These are mostly non-traditional activities and assist in increasing employment and income of the member households. The enterprise loan ranges from Tk 50,000 to Tk. 1,000,000. The enterprises include baby taxies, taxi cabs, pickups, power tillers, workshops, small processing plant, shops, pharmacies, boats, fisheries, horticultures, nurseries, small factories etc. The information of Micro Enterprise Loan has been given bellow: July to October 2018

SL Name of Branch Number of Beneficiaries Loan Disbursed (Taka)
Female Male Total Urban microenterprise Rural microenterprise Total Taka
01 Tongi 39 3 42 0 6390000 6390000
02 Arikhola 11 1 12 0 1250000 1250000
03 Jamalpur 25 0 25 0 2980000 2980000
04 Ghorashal 10 1 11 0 1050000 1050000
05 Madhobdi 24 0 24 0 2040000 2040000
06 Gopaldi 0 0 0 0 0 0
07 Bishnandi 0 0 0 0 0 0
08 Araihazar 51 2 53 0 4426000 4426000
09 Rupganj 19 3 22 0 2330000 2330000
10 Narayanganj-1 6 15 21 0 3750000 3750000
11 Narayanganj-2 2 2 0 550000 550000
Total: 185 27 212 0 24766000 24766000

Loan Insurance

If a group member dies while being a borrower, the deceased’s family will receive the same amount or highest tk. 50,000 of borrowed money (principal loan) as insurance. This measure assists the family members from encountering financial crisis/burden.

Contact Us


PHONE: 880-2-9121504, 9145667

ADDRESS: 768 Satmasjid Road, Dhanmondi, Dhaka- 1209, Bangladesh.

EMAIL: cedarbangladesh@gmail.com

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