PRODUCTS

Loan Products

CategoryEligible CriteriaInitial Maximum Loan SizeInterest RateLoan TermRepayment ModeIncremental increase of Loan Size
Primary LoanEconomically active poor to undertake or strengthen income generating activities (IGAs).BDT 5,000-70,000 or US$ 63-886 depending on the economic potential of area and client's capacity as well, in special cases initial loan size can be Tk. 5,000 or lower but entrepreneurs and traders can be provided maximum BDT 70,000 or US$886.00 at first loan cycle.Maximum 25% declining4, 6 or 12 months based on nature of IGAsGenerally weekly or monthly for all term loan. But repayment can be made in one installment at maturity of 4 or 6 months term loan.BDT 10,000 or US$126.58 (Maximum) in each loan cycle.
Special LoanInformal or formal small/micro enterprises or entrepreneurs and traders to promote and scale up production, business activity andBDT 71,000-10,00,000 or US$ 898-12,658 depending on the economic potential of area and client's capacity.Maximum 25% declining12, 18, 24 or 30 months based on nature of enterprisesWeekly or monthlyAny amount within limit depending on the economic potential of area and client's capacity.

 

Savings Products

Category of ClientDeposit Rate (minimum)Interest RateTermDeposition ModeWithdrawal Provision
Clients belonging to ASA's Loan Programs are required to deposit a regular fixed amount.Clients belonging to ASA's Loan Programs are required to deposit a regular fixed amount.Annually 6% (Paid on the basis of monthly average balance)Continue throughout the membershipContinue throughout the membershipClients can withdraw anytime but need to keep 10% equivalent of loan (principal) as balance
Excess of Mandatory/Regular savings is treated as voluntary savings.Excess of Mandatory/Regular savings is treated as voluntary savings.

 

Category of ClientDeposit Rate (minimum)Interest RateTermDeposition ModeWithdrawal Provision
Any client can participate in this product; an installment based deposit with fixed return usually higher than regular savings but close to fixed rate of return50/ 100/ 200/ 300/ 400/ 500/ 1,000For 5 years duration 9% and for 10 years duration 12% at maturity5 or 10 yearsMonthlyClients can withdraw any time before maturity but with lower rate of return

 

Capital Build-up Savings FundDepositInterest PaymentTermDeposit ModeDeposit Mode
All Savers optionalBDT 10 (equivalent to US$ 0.13) per week.
Or
BDT 50 (equivalent to US$ 0.64) per month.
Deposit amount is BDT 10 (equivalent to US$0.13).
Or
BDT 50 (equivalent to US$ 0.64) weekly & Monthly respectively Amount will be continued up to Tk 4,000 (equivalent US$ 51.30). such amount be encashed and new account may be opened again.
Amount will be paid before maturity @ 6% and after maturity@ 8%.
In case of depositor's death, Nominee will be given equal of deposited amount.
For 400 weeks
Or
8 Years
Weekly or MonthlyASA

 

Insurance Products

Category of ClientPremium in each loan cycleInsurance PaymentTermPremium ModeManagement of Insurance Fund
All loan clients must contribute and participate in this product by paying a fixed premium in each loan cycle.BDT 3 (for loanee) or BDT 7 (for loanee and his/her spouse or guardian) per thousand loan disbursement.BDT 3 (for loanee) or BDT 7 (for loanee and his/her spouse or guardian) per thousand loan disbursement.Continue throughout loancycle of borrowerBorrower will pay insurance premium before receiving loan amount.ASA