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Bashundhara Foundation disburses 58th interest-free loans

News Desk |
Update: 2021-10-28 20:35:51
Bashundhara Foundation disburses 58th interest-free loans

Bashundhara Foundation has provided poor and destitute with 58th series of interest-free loans at Durgarampur at Bancharampur upazila under Brahmanbaria in a bid to grease economy of the underprivileged communities.

Loan to the tune of Tk 70 lakh was distributed among 570 ultra-poor and disadvantaged people at a ceremony on Thursday.

The loan distribution ceremony was presided over by East West Media Group Limited (EWMGL) Publisher Maynal Hossain Chowdhury and attended by EWMGL Director Imdadul Huq Milan as the chief guest.

Founded by Bashundhara Group Chairman Ahmed Akbar Sobhan, the non-profit organisation has been distributing interest-free loans among the poor without any service charge since 2005. Although Bashundhara Foundation started its loan journey in Bancharampur upazila, it gradually expanded its activities to Homna and Nabinagar upazilas. The amount of loan has increased from Tk 5,000 to 10,000.

Speaking on the occasion, Imdadul Huq Milan said Bashundhara Group Chairman Ahmed Akbar Sobhan came up with interest-free loan for economic emancipation of the ultra-poor people of Brahmanbaria.

The loan is meant for women who are investing the money in 32 sectors including poultry, dairy and greens farming, he said.

Maynal Hossain Chowdhury said the main objective of Bashundhara Group Chairman Ahmed Akbar Sobhan’s interest-free loan is to build a society free from poverty and starvation.

“Bashundhara Group is working for the welfare of the country and its people while Bashundhara Foundation is working for economic emancipation of the ultra-poor and disadvantaged group in the society,” he said.

Hanufa Begum, one of recipients, said “My husband bought bamboos and other materials with the money and made fishing nets. We have benefitted from the interest-free loan of Bashundhara Foundation.”
Appreciating the loan scheme, a college girl of Durgarampur village said she procured a sewing machine with the money. “The loan has enabled me to meet my education cost and help parents,” she said.

Bashundhara Foundation deputy general manager Md Maimun Kabir, Bashundhara Group’s  Bancharampu branch deputy chief engineer Md Shafiqul Islam, Foundation manager Mosharaf Hossain, the daily Kaler Kantho’s social organisation Shuvasangha director Zakaria Jaman, and Bancharampur municipality Awami League vice-president Md Anwar Hossain were present, among others.

BDST: 2033 HRS, OCT 28, 2021

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