Microfinance Plus

JCF always tries to provide some necessary services to the beneficiaries even though that is not the part of original design. In microfinance the tendency of all staff is to focus on recovery and disbursement but JCF thinks differently. JCF has taken numerous humanitarian interventions in its microfinance program. In 2001 JCF introduced Dead Members’ Loan Exemption facilities under which a member or co-applicant of the loan when died the remaining loan is excused. The same is applicable for the loss of income asset or inability to do any income generating activities of member after facing any disaster or accident. JCF also thinks about the burden of loanee in terms of repayment and fixed the grace period and ceiling as per their need. The women members and other women family members of the loanee are getting free operation and treatment facilities specially for gynecological problems. The intervention was started in January 2016 and a total of 6,509 women received the facilities till now. In addition, ten meritorious students are receiving ‘Bangabandhu Higher Education Scholarship’ form 2020 who are the children of poor MFP members. JCf is also spending a lot for the skill development of its members through providing skill development training which is eventually sustaining their livelihoods and developing lots of entrepreneurs.