Micro Finance Program

Microfinance is the system of financial services to low-income clients

Microfinance is the system of financial services to low-income clients, including small enterprises and the self-employed, smallholder farmers those who traditionally lack access to banking facilities and related services. Microfinance has promoted economic empowerment of poor and unprivileged households, especially female-headed households (widows, abandoned husbands), across the country, particularly in the hilly and coastal regions.

The following are the requirements for conducting its micro-finance activities

Human life cycle needs

e.g., marriage, funeral, childbirth, education, house building, and widowhood.

Due to Natural & manmade

disasters such as fires, floods, cyclones, and man-made events.

Personal requirements

such as illness, injury, unemployment, theft, harassment, or death.

Small business & family crisis

Business expansion, cultivation purpose, purchase of land or equipment, improvement of housing, securing employment, etc.

Goal of the Program

Poverty lessening and socio-economic development of unprivileged people, especially women (Tribal & non-tribal communities.

Objectives

  • Providing better financial services to the poor.
  • Providing microcredit assistance to beneficiaries for self-employment and entrepreneurship development.
  • Promote poor women’s self-help groups for sustainable development.
  • Eradicate poverty among the ultra-poor and poor people.
  • Create social awareness and leadership among the beneficiaries through weekly meetings.
  • Formulate and adopt a savings utilization policy to ensure maximum benefit to the targeted beneficiaries.

Supporting Agency

  • Palli Karma-Sahayak Foundation (PKSF)
  • Own Funding

Major Components of KF's Microfinance

  • Group Formation
  • Creation Awareness
  • Savings Mobilization
  • Disbursement loan
  • Microcredit-related Training

Karnafully Foundation for development activities

Karnafully Foundation has implemented various awareness and
development activities with its own funding, which are as follows

Health Support Program:

Provided health support for kidney disease patients.

Grants Support:

Grants are provided to poor families for daughter's marriage ceremony

Income Generating Program:

Conducting training on pond fish farming

Health and Sanitation Program:

Provided sanitary latrines among the poor family

Anti-narcotics Campaign:

Carried out anti-drug campaign with youth

Preventing Early Marriage:

Completed awareness program to prevent early child marriage

Forestry and Nursery Program:

Conducting training & Awareness program with youth

Educational activities:

Provided scholarship among the poor student and its running till now

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