Bashundhara Foundation distributed Tk 5 million in interest-free loans among 308 women from 13 unions in Bancharampur upazila of Brahmanbaria on Tuesday. 

The non-profit arm of Bashundhara Group handed out the loan as part of its longstanding efforts to change the fate of poverty-stricken people, says a press release.

Presided over by Bashundhara Group advisor Maynal Hossain Chowdhury, the event was attended by Bashundhara Foundation Deputy General Manager Maimun Kabir, Bashundhara Shuvosangho Director Zakaria Zaman, former Union Parishad Chairman Hajrat Ali, and Awami League municipality unit Vice President Amir Hossain Anwar.

According to organisers, Bashundhara Group has been distributing ‘interest-free’ loans to empower underprivileged communities in rural areas over the years.

Advisor Maynal Hossain Chowdhury said that the Foundation commenced an interest- and service charge-free loan disbursement programme under the direct supervision of Bashundhara Group Chairman Ahmed Akbar Sobhan in 2005.

A total of 26,350 people from 83 villages in the upazila, 104 people from three (3) villages in Nabinagar upazila, and 705 people from 15 villages in Homna upazila in Cumilla district are being given loans in the revolving system.

The borrowers will repay the loan, becoming financially independent through 33 schemes of interest-free loans, with no installment in the first three (3) months.

BDST: 2019 HRS, MAY 14, 2024
MSK