• VERC, B30, Ekhlas Uddin Khan Road, Anandapur, Savar, Dhaka, Bangladesh
  • (+88) 02 7742029
  • verc@bangla.net

At a Glance of Total Program Implementation

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Particulars Upto October 2015
No. of Branch 60
No. of District Covered 15
No. of Upazila Covered 51
No. of Union Covered 281
No. of Village 2,014
No. of Staff Involved (operation) 570
No. of Group/Samity 6,591
No. of Member 87,342
No. of Borrower 66,477
No. of Borrower (Cumulative) 6,40,381
Cumulative Disbursement TK. 1228,79,58,452
Loan Outstanding (Portfolio) TK. 111,97,01,435
Savings Balance TK. 37,97,64,919
Insurance Fund TK. 3,01,24,208
Cumulative Recovery rate 99.92%

Source of Funding: PKSF and Savings of the Group Members and VERC itself.

Source of funds Upto October 2015




Source Amount (Tk) Percentage
PKSF 61,19,99,998 37%
Surplus Fund 53,55,54,217 32%
Member Savings 37,97,64,919 23%
Standard Bank 5,00,00,000 3%
Insurance Fund 3,01,24,208 2%
Others 4,25,18,366 3%
Total= 164,99,61,709 100%

Program impact: Following are the outcome of trainings imparted to group members

A. Skill training

  1. -

  2. Training on integrated pest management and leaf color chart has enabled them to prevent loss of production that are caused by pests and other diseases. It also has enabled them to monitor the growth level of crop plants to determine the time and dosage for the application of fertilizers
  3. Use of Granular Urea is becoming popular in order to increase the efficiency of the amount of fertilizer used in cultivation
  4. Information available on vaccination and insemination has expanded the scope of rearing hybrid cattle heads for increased income
  5. Special training on ‘Sex Pheromone Trap’ for environment-friendly pest control has drawn attention of the farmers and they have been practicing the skill in practical grounds in terms of efficient pest control for increased agricultural production

B. Social Development issue based training

The training has enabled community people to maintain environmental hygiene through hygienic disposal of garbage in fixed place so that contamination can be prevented, at the same time they have started using the wastes as green manure through proper composting in pits. The wastes are now turned into resources contributing to increased crop production and increased income.

Collaboration and networking done during the reporting period

VERC has been taking part in PKSF organized workshops/trainings that are useful in enhancing the level of efficiency in staff members and making interventions more output oriented. Participation in the Exhibition that was held at the China-Bangladesh Friendship Auditorium in Dhaka was a scope for wider dissemination/exchange of experience of working with the poor and marginalized.

The implementation of program how far has achieved the objectives with positive impact and has addressed the Mission and Purposes of VERC.

VERC interventions have been effective in smooth delivery of micro-credit support to rural communities across program locations within the country. Proper follow up and other capacity building supports extended from VERC side has been effective in addressing the poverty status of the country by increasing the productivity of the poor and marginalized people in line with MDG commitment. A qualitative change has been visible in terms of livelihood opportunities. A regular flow of additional income has been supporting the families to have access of schooling for the children, safe water and sanitation coverage, improved nutrition for the family members, medication in times of ailment and similar other needs. Discussion with community people under coverage of the program reveals that a wide range of benefits they have been enjoying what they can spell out easily if they are asked to explain. They feel confident that they have opportunities to be involved in activities whenever they find any scope and make a difference to the situation of their livelihood pattern.

Exceptions are there in respect of program success as there are instances of defaulters and unsuccessful projects taken up by borrowers, these are mainly due to lack of sufficient feasibility study and follow-up support from program personnel. As a remedial measure, regular monitoring of program at the field level and critical analysis of the same held by the head office team helps identifying the problems and recommended actions to keep things on track.

Over all status of the program is that VERC program is expanding and the reported year has maintained trend of growth and expansion like the previous years.