Implementing Agencies
Thirty- one POs, selected on the basis of their track record in implementation of similar programs, are implementing the project.
Project Components:
This project has four major components narrated below:
a. Risk Fund:
A revolving Risk Fund has been introduced under the project to compensate death or other serious accidents & diseases of the beneficiary or the main earner of the family or the spouse. The fund specially focuses on death and accident coverage of micro-credit borrowers and is tested as pilot scheme under the project. It is aimed at reducing the negative economic and social affects of death and permanent disability of main earner on her/his dependents. PKSF has developed a Risk Fund policy for implementing the Risk Fund.
All former 3rd cycle FSVGD beneficiaries, who have been enrolled with the UP program and the existing UP members of implementing POs in the project area are eligible for participating in the Risk Fund Scheme. The
Beneficiaries of the Project and the POs also have contributed to the fund. POs are operating the Risk Fund according to the provided policy of PKSF.
Since the beginning to June 2010,BDT 43.95 million have been mobilized for the Risk Fund, with contributions of BDT 29.90 million from the project, BDT 6.55 million from the POs and BDT 7.5o million from the project Beneficiaries. The interest, generated from the Risk Fund, is also kept with the accounts. During the project period POs have distributed BDT 17.36 million to 4,675 beneficiaries to compensate death/ accident,
b. Training for Ultra poor Beneficiaries:
The ultra poor beneficiaries are being provided training to overcome poverty by engaging themselves in diversified income generating activities. Such training in different activities like- Poultry, Goat rearing, Tailoring, etc is given in a span of 2-18 days.
PKSF and the POs implement such training program comprising 5708 courses for 1,14,142 beneficiaries. Each course is designed to cover 20 participants on an average
c. Training for former FSVGD beneficiaries:
The training is given in issues related to microcredit & savings management. This training program under specific module is being held in duration of 3 days.
This training is being given under 1583 courses. Each course covers 25 Former FSVGD members.
d. Capacity –Building Activities for PKSF and PO Staffs:
For strengthening the capacities of PKSF & its implementing POs to ensure improve delivery of the services and more efficient management and implementation of micro finance interventions for the ultra poor, the project has provision of training and study visit at home and abroad.
The Project has been providing training to the staff of PKSF and POs on different issues. During the project period a total no of 3930 staff of PKSF and POs staff have received Training of Trainers (TOT), Microcerdit and Financial Management, Group Dynamics, savings and Microcerdit management and special skills training. A total no of 155 staff of PKSF & POs have been sent to abroad in study visits & training Programs.
Progress so far :( January, 2007- June,2010)
A) Training related
Sl.no | Name of Training | 2007 | 2008 | 2009 | 2010 | Total |
1 | Skill Development Training for beneficiaries in different income generating activities. | 8127 | 49640 | 37440 | 18935 | 114142 |
2 | Micro finance and Savings Management Training for beneficiaries | 9453 | 27350 | 2750 | 0 | 39553 |
3 | Training of Trainers on Microcerdit Management for mid level officers of POs | 350 | 297 | 229 | 0 | 876 |
4 | Microcerdit and Financial Management for mid level officers of POs | 227 | 366 | 200 | 0 | 793 |
5 | Group Dynamics, savings and Microcerdit management for field organizers of POs | 0 | 0 | 2200 | 0 | 2200 |
6 | Out source /Special Skill Training | 0 | 4 | 57 | 0 | 61 |
7 | Local study visit for PKSF & PO officers | 0 | 47 | 0 | 26 | 73 |
8 | Abroad Training /Study Visit | 14 | 79 | 62 | 0 | 155 |
B) Risk Fund
Each an every selected PO created Risk fund with separate bank account. An implementation policy of Risk Fund has been prepared by PKSF. Beneficiaries of the project are getting benefits from this fund according to the policy in case of death and serious accident/ diseases. A total no of 4,647 beneficiaries got financial support from this fund in case of death /major accident/diseases. Year wise break-up has been given bellow:
Head | 2008 | 2009 | 2010 | Total |
No of beneficiaries | Amount disbursed (in Taka) | No of beneficiaries | Amount disbursed (in Taka) | No of beneficiaries | Amount disbursed (in Taka) | No of beneficiaries | Amount disbursed (in Taka) |
Accident/diseases | 39 | 78,000 | 284 | 768,500 | 363 | 1,058,000 | 686 | 1,904,500 |
Death | 709 | 2,127,000 | 1,967 | 7,550,300 | 1,285 | 5,774,000 | 3,961 | 15,451,300 |
Total | 748 | 2,205,000 | 2,251 | 8,318,800 | 1,648 | 6,832,000 | 4,647 | 17,355,800 |
C) Research:
A baseline data analysis has been conducted.
D) Other Capacity Building Related Activities:
§ 3000 copies of flipchart have been printed on ‘Goat Rearing’, ‘Poultry Rearing’ and ‘Cow & Beef fattening’ & distributed among POs.
§ 500 copies of project activity related brochure titled FSVGD & Ultra Poor Beneficiaries Project have been published.
§ Six modules have been developed on the following topics for beneficiaries’ skill development training – Poultry, Goat Rearing, Cow Rearing, Beef fattening, Vegetable production & Nursery.
§ The project provided following logistics support to POs for institutional capacity building-
- Computer
- Colour television
- Multimedia projector
- Projector screen-
