Borrowers | 28,546 |
Active Borrowers | 20,618 |
Groups | 4,265 |
Centres | 508 |
Branches | 8 |
Staff | 61 |
Recovery Rate | 99.32% |
Basic Loan (#) | 19,765 |
Housing Loan (#) | 65 |
Micro Enterprise Loan (#) | 616 |
Education Loan (#) | 117 |
Struggling Member Loans (#) | 201 |
Struggling Member Loans (Taka) | 434,750 |
Loans Disbursed (Taka) | 238,634,253 |
Loans Insured (#) | 27,877 |
Total Deposits (Taka) | 513,256,490 |
Borrowers’ Deposits (Taka) | 403,647,335 |
Non-Borrowers Deposits (Taka) | 109,609,155 |
Total GPS (#) | 33,128 |
Total GPS (Taka) | 238,226,085 |
Polli Phone | 1,115 |
Revenue - Jan-April 2010 (Taka) | 26,931,725 |
Expenses - Jan-April 2010 (Taka) | 24,537,797 |
Net Profit - Jan-April 2010 (Taka) | 2,395,927 |
This is the “at-a-glance” stats on the Mirzapur Area, which our branch was located in.
One interesting thing from the data is the number of GPS accounts – 33,000, which is greater that the number of borrowers. This is one sign I think that people are definitely are progressing out of poverty using the bank. From looking at our branch logs a number of the borrowers had two GPS accounts and some even had three. Each account lasts for 10 years (I think there might also be a 5 year option), and at the end of the 10 years the amount of money that they receive is more than double what they deposit into the account.
One interesting thing from the data is the number of GPS accounts – 33,000, which is greater that the number of borrowers. This is one sign I think that people are definitely are progressing out of poverty using the bank. From looking at our branch logs a number of the borrowers had two GPS accounts and some even had three. Each account lasts for 10 years (I think there might also be a 5 year option), and at the end of the 10 years the amount of money that they receive is more than double what they deposit into the account.
The reason people have more than one account is that with each account you are fixed to depositing the same amount each month for 10 years. So if people want to save more then they must open a new account. For example people often started off depositing 200 tk each month, and then would add a 500 tk and maybe also a 1,000 tk accounts.
It seemed like the branch we went to had been established a while ago, 20 years, and branch we visited on our day trip had been around for 30 years. It would be interesting to see if it is possible to go see a branch that has been established more recently and see how people are doing there.
One thing we were concerned about was that it seemed a little redundant that the Bank had so many levels – Head Office, Zonal, Area and Branches. However, 61 staff for almost 30,000 borrowers is not too excessive. And they are profitable, so it must be effective.
I will post data on the Branch we visited later, they gave me a list, but it is all in Bengla, and not English, so I need to get that translated.
Cheers,
Mike
Are you picking up any Bengla? And what is a 'struggling member loan"?
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