Microcredit: Empowering Families for a Sustainable Future

Since its inception in 1996, Udoy has been at the forefront of empowering low-income families in Bangladesh through its microcredit program. By providing small loans and financial training, Udoy enables individuals, particularly women, to start small businesses, thereby fostering economic independence and community development.

Program Details:
Udoy’s microcredit initiative offers accessible financial services to underserved communities. The program includes:

• Small Loans: Providing initial capital for business ventures.
• Financial Literacy Training: Educating borrowers on budgeting, savings, and investment.
• Group Support: Encouraging community-based groups for mutual support and accountability.

Impact:
Over the years, Udoy has supported thousands of families, leading to:

• Increased household incomes.

• Improved access to education and healthcare.

• Enhanced community cohesion and resilience.

Success Story:
Rahima, a mother of three, utilized a microloan to start a tailoring business. Today, her enterprise not only supports her family but also provides employment opportunities for other women in her community.

Future Plans:
Udoy aims to expand its reach, incorporating digital financial tools and broader training programs to empower more families across Bangladesh.