From The Desk of Executive Director, IDF
IDF team workedhard to protect community people from the devastating attack of Cov-id-19, health disasters, hunger and unemployment. IDF extendedall supports to effected members instead asking for paying back the loan installments anddisbursed a restoration loans of Tk 230 million received from Bangladesh Bank (Tk 200m) andPKSF (Tk 30m). IDF did not pressurize effected borrowers for repaying back their loan installments instead IDF team worked hard for the restoration of income generating activitiesand business of members affected by Covid-19. The OTR (On Time Repayment) was about 60% when IDF started its operations after lockdown. The members gradually restarted their economic activities and business with the guidance, financial assistance and social supports of IDFteammaking OTR at 95.0% in December.IDF experienced negative growth in members, borrowers and loan outstanding while there was positive growth in physical expansion like number of branch, union and upazila in 2020. The average repayment rate was 99.37% in 2020 while this was 99.52% in 2019. IDF has main-tained OSS (Operational Self Sufficiency) and FSS (Financial Self Sufficiency) above breake-ven level in 2020. The OSS and FSS were respectively 109% and 102% in 2020.
The supports of Government (M/O Finance) MRA, PKSF and CDF, in fighting COVID-19 in 2020 was remarkable, which was very crucial for the recovery of loss occurred in the year due to covid-19. We are very grateful to our General and Governing Body members for their gener-ous cooperation and guidance during the year. IDF team deserves special appreciations for hard work and strong commitments to fight Covid-19 and maintain the operation level above breakeven level and extend humanitarian and economic support to IDF members and community people. I further thank to the government machineries, MRA, PKSF, CDF, banks and other partners who extended their generous cooperation in 2020.
The supports of Government (M/O Finance) MRA, PKSF and CDF, in fighting COVID-19 in 2020 was remarkable, which was very crucial for the recovery of loss occurred in the year due to covid-19. We are very grateful to our General and Governing Body members for their gener-ous cooperation and guidance during the year. IDF team deserves special appreciations for hard work and strong commitments to fight Covid-19 and maintain the operation level above breakeven level and extend humanitarian and economic support to IDF members and community people. I further thank to the government machineries, MRA, PKSF, CDF, banks and other partners who extended their generous cooperation in 2020.
The supports of Government (M/O Finance) MRA, PKSF and CDF, in fighting COVID-19 in 2020 was remarkable, which was very crucial for the recovery of loss occurred in the year due to covid-19. We are very grateful to our General and Governing Body members for their gener-ous cooperation and guidance during the year. IDF team deserves special appreciations for hard work and strong commitments to fight Covid-19 and maintain the operation level above breakeven level and extend humanitarian and economic support to IDF members and community people. I further thank to the government machineries, MRA, PKSF, CDF, banks and other partners who extended their generous cooperation in 2020.