microfinance programs
NEWSUN Micro-Finance program:
Through its microfinance program, NEWSUN Bangladesh emphasizes supporting economic activities to create employment opportunities and generate income, aiming to reduce income inequality among disadvantaged and impoverished populations. Currently, NEWSUN provides its flexible financial services to almost one million individuals in need through its 2 branch offices nationwide.
Additional Features Of NEWSUN Micro-Finance program:
- Customizable products designed according to specific needs with the potential for diversification.
- Empowerment of customers through flexibility.
- Unrestricted withdrawals for savings. Savings withdrawal independent of any outstanding loans.
- Optional loan availability.
- Utilization of commercial funds as a Revolving Loan Fund (RLF).
- Robust financial discipline and internal control maintained at the branch level.
- Implementation of user-friendly software for branch office automation (currently in progress).
- Achievement of operational and financial self-sufficiency.
Microfinance Loan
NEWSUN'S Microfinance Loan Programme, is a transformative initiative designed to empower individuals and communities through accessible financial services. Our commitment to fostering sustainable development is realized through this innovative program that seeks to break the chains of poverty and create opportunities for economic growth.
Financial Inclusion:
We strive to bridge the gap between traditional banking systems and marginalized communities, providing them with the financial tools they need to thrive.
Poverty Alleviation
By offering microloans, we aim to uplift individuals and families from poverty, promoting sustainable income generation and improved living standards.
Women's Empowerment
Recognizing the pivotal role of women in community development, we focus on empowering women through targeted loans and financial education, fostering gender equality and economic independence.
