Features of Financial Products of SAP-BD Micro-finance Program

Through its microfinance program, SAP-Bangladesh stresses on supporting economic activities to generate employment and income to reduce income inequality among the disadvantaged and the poor. Presently SAP-BD provides its flexible financial services to almost 35000 poor people through its 26 branch offices in 7 districts.

Some Special features of the SAP-BD Microfinance Program:

• Need-based product with the scope of diversification
• Customers freedom
• Open withdrawal savings
• Savings withdrawal has no relationship with loan outstanding
• Loan is optional
• Use of commercial money as RLF(Revolving Loan Fund)
• Strong financial discipline and internal control at the branch level
• Branch office automation with user-friendly software (ongoing)
• Operational and financial self-sufficiency

SAP-BD’s microfinance products have been developed in response to the demand of its customers and specifically designed to assist their economic activities – they are market-led and customer-responsive. As a result, SAP-Bangladesh has many comparative advantages.