products ...::DD Bank::...

products

saving products

Group Saving:

Microfinance member should deposit at least Rs. 20/- in every fortnight meeting. This savings can be withdrawn when member drop the group.

Recurring Savings:

The member can participate in different deposit schemes. This savings can be deposited and withdraw as per scheme.

Loan Guarantee Fund:

Clients have to deposit 5 percent of the approved loan as loan guarantee fund, which can be withdrawn at the end of the concerned loan cycle upon payment of all loan instalments.

loan products

General Loan:

Initial loan is Rs.10,000/-, maximum limit Rs. 40,000/- per client, loan is disbursed for one year without collateral. The loan needs to pay back in 10 monthly instalments with two months grace period.

Livestock loan:

Initial loan is Rs.18,000/-, loan is disbursed for one year without collateral. Loan needs to pay back in 10 monthly instalments with two months grace period. There is provision of insurance for every livestock financed by the bank linking with insurance company.

Irrigation loan:

Loan is disbursed for community shallow tube well irrigation. Duration of loan is for 5 years and loan need to pay back in monthly instalments with two months grace period within 58 instalments. Number of loan instalments depends upon the loan size.

Micro-enterprise loan:

Initial loan ceiling is Rs.40,000/- (maximum ceiling Rs. 100,000.00) depending upon the loan products and situation. Loan needs to pay back in 18 monthly instalments with two months grace period. This product has been design for graduated clients and for the promotion of entrepreneurship in the bank working area.

Interest Rate

The bank charges 18% interest per annum for loan and pay 7% on savings at declining balance. In addition, 1% documentation fee is charged on every disbursement for all loans.

Growth Trend

Deprosc Development Bank

Growth Trend

Sno	Particulars	units	Program Year				Program for this yr	Annul Growth
			1	2	3	4	Program for this yr	Annul Growth
			2002	2003	2004	2005	2006	2003	2004	2005	2006
1	No. of working districts	no.	3	5	7	9	10	67	40	29	11
2	No. of working VDCs	no	88	130	166	187	223	48	28	13	19
3	No. of branches	no.	4	8	11	13	15	100	38	18	15
4	No. of service delivery centers	no.	284	384	524	627	969	35	36	20	55
5	No. of clients	no.	8536	10397	12640	15513	21235	22	22	23	37
6	Annual loan disbursement	NRs.000	83905	82438	116992	169136	278054	-2	42	45	64
7	Annual loan collection	NRs.000	38334	63990	92011	137968	204754	67	44	50	48
8	Loan outstanding	NRs.000	45571	64019	89000	120165	193461	40	39	35	61
9	Portfolio in arrears	NRs.000	0	1760	3733	2900	NA	0	112	-22	NA
10	Reserve for loan loss	NRs.000	1062	2506	4450	6008	9673	136	78	35	61
11	Operational viability	NRs.000	88	101	114	122	125	15	13	7	2
12	Administrative efficiency	%	12	11	7	65	5.5	-8	-36	-7	-15

Impact on Lives of the Poor

The ultimate objective of the bank program is to ensure sustainable financial services to poor families to increase their disposable income so that the income would be utilized for the welfare and overall development of the family members, particularly women and their family, to escape from poverty. The bank program has been effective changing the socio-economic life of the poor, particularly in increasing nutritional intake, increasing school enrolment, increasing family expenses in health, improving sanitation condition and increasing women access and control over resources thereby increasing women participation in the decision-making within house and in the community.