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Issuing of Form
Field Inquiry
Re-Investigation
Loan Committee Meeting at OCT Office
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Method
of Issuing the Loan & Recoveries Brief Introduction of Micro Credit
Program
70% of the population of 12 Lac persons
in Orangi Town
is self employed. There are small units in the houses where different
products/things i.e. embriodary, hosiery, banarsi, garments and leather
goods are produced.
Moreover, there are various micro
enterprises. Small business skill like marketing and technical skill
were present but there was lack of capital which hinders the extension
or grows their business.
Commercial bank does not provide the
support to these micro enterprises units. To address the above problems
in 1987, OCT started micro credit program.
The objective was to provide financial
support to micro enterprises units at the bank rate and 2 person’s
personal guarantee. As a result increase the business, employment
generates production and working skill developed. Also personal and
business problems were addressed. The most important thing is that the
financial support added with people’s efforts, resulted the income
increased. Those entrepreneurs of Orangi are marching towards better
life.
Till date Rs.15,37,00,000 have
distribute to 8,000 commercial units. Recoveries rate is 95%.
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Agreement with Client
Issuing the Cheque
Filing &
Reporting
Recovery
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