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InfoladyLoan-program

Infolady Loan Disbursement Event

Infolady or ‘Totthokolyani’ as it has been coined in Bengali, is a unique innovation to bring change to Bangladesh’s rural areas. The Infoladies take great pains to reach out to rural people, especially women, with information service overcoming all kinds of hindrance. Infoladies strive to improve the lives of marginal communities with information and information technology based products.

Since the Infoladies themselves hail from these marginal communities, they need substantial funds for equipment and accessories and get them started in this new line of work. The National Bank Limited under its refinancing scheme has launched a special scheme to help these Infoladies with their initial start-up following the directives of the Bangladesh Bank Governor DrAtiur Rahman. The National Bank has already given loans to 37 Infoladies.Today it is disbursing loans to 12 Infoladies in Jessore.

Swapan Kumar Roy, General Manager Bangladesh Bank’s SME and Special Program Department was presented at the loan disbursement ceremony as chief guest on June 14, 2015 at JC Conference Hall on Mujib Avenue in Jessore. The bank’s Deputy Managing Director Syed Mohammad Barikullah and Timothy Russell, Chief of Party of the International Rice Research Institute were present as special guests.

The program was chaired by Dnet Chairman and BIBM Director General Dr Toufique Ahmed Chowdhury. Dnet Joint Director, Ajoy Kumar Bose, Infolady Social Entrepreneurship Programme–ISEP Program Manager, Sk. Masudur Rahman, Dnet’s Jessore Regional Manager Ujjal Kumar Bala and National Bank’s Jessore Branch Manager Mohammad FarhadHossain were present among other guests.

Dnet Joint Director Ajoy Kumar Bose was the first to speak on the occasion thanking everyone present. Sk. Masudur Rahman highlighted the importance and relevance of loans to the Infolady model.

Other guests also commended the initiative. Many thought this new scheme would add to the efficacy of innovative information based initiative of Dnet.

The chief guest Swapan Kumar Roy said Bangladesh Bank had always been at the side of Infolady model and will remain as an ally. He said he hoped that more banks would join hands with the Infolady initiative. He hoped much success for the Infolady initiative.

Dnet chairman Dr Toufique Ahmed Chowdhury thanked everyone in his concluding remarks.

The guests handed over the papers and documents sanctioning loans to 12 Infoladies at this program. The aspiring women entrepreneurs will be able to purchase necessary equipment and accessories for their new venture. Currently there are around 50 Infoladies in 5 districts in Bangladesh. With the addition of 12 in Jessore, the number will reach 62. The Infolady Initiatives aims to have at least two Infoladies in each Union of Bangladesh by 2020.