SGS Bangladesh Supports Rural Economic Restoration Projects Through Microfinance
Microfinance involves providing businesses with low-level loans that can be paid back over a period of time. This financing method is particularly popular in Bangladesh, where it supports rural communities and small businesses.
SGS Bangladesh’s first microfinance project was launched in 2010, when we began working with the Dhaka Ahsania Mission (DAM), an organization focused on the “Restoration of livelihood through Job Creation, Gaining of Assets by Rural Poor (ROJGAR).” We donated CHF 5,345 to support 93 small businesses in Sreepur, in the Gazipur district. Their income generating activities range from cow rearing and poultry farming to tailoring and transportation.
Following the success of this project, SGS Bangladesh supported another ROJGAR microfinance project in December 2013. This time, we donated CHF 12,155 to support 172 small businesses in Madhobdi, in the Narshingdi district, a busy commercial textile and industrial area in the Dhaka region. Income generating activities here focus on livestock farming, transportation, rice and paddy cultivation, and textile manufacturing. We plan to continue supporting ROJGAR and investing in projects linked to mitigating the effects of climate change.