M4C held discussion on business benefit of micro-loan products to hard-to-reach char markets

Entrepreneurial ecosystems
Swisscontact Bangladesh and Rural Development Academy (RDA) organized a meeting with micro-finance institutes (MFI) on 2nd February 2022 (Wednesday). The representatives from the MFIs were sensitized about M4C project and business incentive of providing micro-loans in the char markets. Representative of NDP, SKS, ESDO, GUK-Gaibandha who provides seasonal loan product (SLP) and Micro Entrepreneurs (ME) loans to char markets with facilitation from M4C were present in the meet alongside other MFIs such as RDRS-Bangladesh, GUK, Padakkhep, SDS, NAZIR, BURO Bangladesh who expressed their interest to work with SLP and ME loans among char farmers and char traders respectively. Opportunity, feasibility, and challenges of introducing and expanding seasonal loans for crop cultivation, bull fattening, goat, chicken rearing among marginal char farmers and micro-entrepreneur loans for char traders were discussed in the event. M4C is funded by Embassy of Switzerland, Bangladesh and Rural Development and Cooperatives Division under the Ministry of Local Government, Rural Development and Cooperatives and is being implemented by Rural Development Academy (RDA), Bogura and Swisscontact Bangladesh.

M4C’s aim is to reduce poverty and vulnerability of char households by facilitating market systems that enhances opportunities for income generation. M4C is working towards sustainable economic progress, market linkage, employment generation and disaster risk mitigation of char households in six districts of south and north-western Bangladesh (Gaibandha, Jamalpur, Kurigram, Lalmonirhat, Rangpur and Shariatpur) from July 2020 to June 2024. In earlier phases, since May 2013 to December 2019, M4C benefitted 1,24,000 char households.

In the meet, Additional Secretary and Director-General, RDA Khalil Ahmed attended the meeting as a chief guest. Dr. Md Abdul Majid Pramanik, Joint Director, RDA and Project Director M4C, Abdul Awal, Team Leader, M4C and Abdullah Al Mamun, Additional DG, RDA presided over the meeting. Other representatives from RDA and Swisscontact Bangladesh were also present in the meeting. Meet ended with the pledge of improving livelihood and living standard of destitute and disadvantaged char dwellers through creating access to micro-finance with facilitation of the project.

Entrepreneurial ecosystems
Making Markets Work for the Jamuna, Padma and Teesta Chars (M4C)
To reduce vulnerability and increase wellbeing of vulnerable and marginalised char dwellers living in the northern char region of Bangladesh. Chars are riverine land, susceptible to erosion and soil deposition, which remain disconnected from mainland either seasonally or throughout the year. Due to this unique geographical positioning,...