Jagoron, a credit instrument of PKSF, seeks to ensure household-based enterprise development in rural and urban areas of Bangladesh. In October 1990, PKSF launched the program (then known as Rural Microcredit) for the rural poor to encourage them to undertake family-based income generating activities. Nine years later, in 1999, PKSF launched Jagoron (then known as Urban Microcredit) for the poor residing in urban areas since the number of the urban poor had been continuously increasing as a result of forced migration, recurrent natural disasters, and limited employment opportunities in the rural areas.
Status in FY 2020-21
-The amount of loan disbursement from PKSF to its Partner Organizations (POs) stands at BDT 10.24 billion and the outstanding amount of loan at BDT 20.75 billion.
-The amount of loan disbursement from the POs to their borrowers is BDT 226.34 billion and the outstanding loan as on 30June 2021 amounts to BDT 138.73 billion.
-The total number of borrowers is 7.08 million.
-The average loan size stands at BDT 39,194.
-Up to June 2021, the cumulative loan disbursement from PKSF to its POs is BDT 156.02 billion and from the POs to their borrowers is BDT 1998.65 billion.
-Jagoron dominates PKSF’s loan portfolio with its POs (28.77%).