Message From Executive Directior

Md. Harun-ar-Rashid

DBS completed 12 years in 2015. The experience of DBS was not pleasant in 2015. The global financial crisis and high food prices in 2015 affected our members severely. The members were prioritizing food expenditures and had difficulties in repaying their loans. The organization mitigated this crisis through flexibility in saving’s withdrawal and re-scheduling the repayment of their loans. The organization mitigated this crisis through flexibility in savings’ withdrawal and re-scheduling the repayment of their loans whenever it was necessary. On the other hand, salaries and benefits of the staff had to increase with effect from July 2015 due to high price increase. As a result, DBS experienced higher delinquency and small growth in 2015.

Despite this entire adverse situation, DBS could still maintain a growth in 2015. The total increase in membership, Loan portfolio and members savings in 2015. The repayment rate dropped from 99.92 % to 99.00% in 2015. Appropriate measures have been taken. The situation is expected to improve in 2011.

DBS could handle and survive the global financial crisis and turmoil inn price increase in 2015 effectively. This was possible because of commitment and hard work of all DBS staff members and sincere cooperation of our development partners and local social leaders of our working areas. We are very grateful to Deputy Commissioners, Upazilla Nirbahi Officers and law Enforcing Bodies for their supports and cooperation.

We are also grateful to our Board Members of their active support in handing the above crisis and implementing various programs. I cordially thank our founder and life members for their active and positive role and guiding us to take appropriate measures in mitigating the crisis.

We hope continuous support from our friends, partners and well wishers to our endeavors of fighting against poverty.

Md. Harun-ar-Rashid

Executive Director, DBS