Poverty Alleviation (micro-credit program following Islamic principle)

NABI supported the comprehensive socio-economic program initiated by the Network for Universal Services of Rural Advancement a registered non-government organization (NGO.) This project works to improve the conditions of rural poor through micro-credit following Islamic principle. Unlike other micro-credit programs here we are providing the earning goods (like Rickshaw, Domestic animals etc.) instead of money to the poor people with an agreement of paying back the nominal price of the good when they start earning. NABIC has been sponsoring projects to improve the conditions of rural poor through Shariah compliant microcredit program since 1996 supporting works in seven upazilas in four zilas, Dhaka, Narayanganj, Manikgonj and Hobigonj. NABIC contributed $400K toward this project.
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