Islamic Microfinance Program
In order to achieve the missions of the Foundation, Shari’ah Financing is the prime program component. It is implanting full-fledged Islamic Microfinance program. Microfinance program of the foundation is not simply a financial service rather it is a service to the poor woman of Bangladesh to develop not only their financial capacity but also to improve life and socio-economic status as well as alleviate poverty of the nation. This Foundation started its microfinance operation on 3rd January 2022. As of June 2024. it has 18 branches serving 14,582 entrepreneurial poor woman with 195.68 million principal portfolios. It is contributing mostly to Agriculture, Livestock and Fisheries Development. However, is also lending to various sectors like Trading, Cottage & Handicraft, Processing and Manufacturing and many others.
About 30% of total loan portfolio given to agriculture sector, 25% to livestock and fisheries, 20% to trading of fish/vegetable/rice/groceries etc, 8% to Cottage & Handicraft and 14% to other sectors.
Income Generating Project
As it is a service to the poor woman of Bangladesh to develop not only their financial capacity but also to improve life and socio-economic status as well as alleviate poverty of the nation, we finance only to income generating project of the client. There are verities of projects like Pottery, Handicraft, Tailoring, Cow Rearing, Poultry, Dairy, Agriculture, Grocery, Auto Ricshow, CNG Driven Three-wheeler, Vegetable vendor, Fish Vendor so no and forth. This micro-business projects are contributing our rural economy. Some of such micro-business project’s picture is presented below :
Working Areas detail:
| Districts Covered |
Upazila/Thana Covered |
Division |
Number of Branches |
| Dhaka North |
Turag, Uttarkhan |
Dhaka |
2 |
| Gazipur |
Gazipur Sadar |
Dhaka |
3 |
| Hobiganj |
Madhabpur, Chunarughat |
Sylhet |
5 |
| Moulvibazar |
Sreemongal, Komolgonj |
Sylhet |
8 |
A.M.E.N.A Foundation is now operating its Islamic Microfinance program in Sylhet and Dhaka Division. It started its 1st Microfinance Branch in January 2022 at Madhabpur Thana of Habijonj District. By April 2022 it opened 3 more branches in Madhabpur Thana and 1 branch in Chunarughat Thana. It expanded its operation in urban area of Dhaka north in June 2022. In the Year 2023 it has expanded 8 branches in Moulvibazar, Sylhet and 2 in Gazipur Sadar and 1 in Uttarkhan, Dhaka. As of June 2024 A.M.E.N.A Foundation have 18 branches serving 14,582 active borrowers with a portfolio of 195,676,416.