DBS completed 7 years in 2010. The experience of DBS was not pleasant in 2010. The global financial crisis and high food prices in 2010 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 2010 due to high price increase. As a result, DBS experienced higher delinquency and small growth in 2010.
Despite this entire adverse situation, DBS could still maintain a growth in 2010. The total increase in membership, Loan portfolio and members savings in 2010. The repayment rate dropped from 99.92 % to 99.00% in 2010. Appropriate measures have been taken. The situation is expected to improve in 2011.