Polimati Samaj Kalyan Foundation (PSKF)

Basundia more , Dakghar-Jangalbadhal, Sadar, Jessore.

Citizen Charter

v Aim and purpose:

v  Palimati Samaj Kalyan Foundation is a non-political, non-communal, Public welfare, social development and Rehabilitative institutions.

v  pskf is working To establish financially and socially the neglected oppressed groups of the society by making them self-reliant.

v  Helping small, poor and middle class people in agricultural development activities.

v  Ensuring proportional participation of men and women in all activities of the organization, equal rights       and equal opportunities.

v  Adoption and implementation of income raising programs for socio-economic development of poor and low-income groups.

v  Adoption and implementation of welfare and rehabilitation programs for orphans and disabled.

v  Adoption and implementation of development projects in harmony with the government policy for the overall development of the country.

v  To build a developed country by making use of the unemployed and poor (male/female) population by collecting money through savings.

v  Humanity, education, culture, peace, unity, progress are the main goals of this organization.

v Legal basis of organization:

A. Registered with the Directorate of Social Services of the Government of the People’s Republic          of Bangladesh, Registration No. Jessore 1280/07, Tang-07-03-07 Eng.                          

B. Registered with Youth Microcredit Regulatory Authority of the Government of the People’s Republic of Bangladesh, Registration No.-21112-00020-00817

v Networking:

a) Member Credit and Development Forum (CDF) No. 0010

b) Member Micro Credit Regulatory Authority (MRA) Application No: 817).

c) Member District Coordination Committee on Microcredit Activities, Jessore District.

Information regarding the organization’s micro credit program, savings and other services activities:

v  : Micro loan, medium loan and small enterprise loan, full house loan are provided.

v  Weekly Savings General Savings, Voluntary Savings, Short Term Savings and Long Term Savings    and Loan Insurance Savings will be introduced.

v  Weekly savings will earn interest at the rate of 6% per annum.

v  : The interest rate of disbursed loan will be taken at 24% per annum (decline method).

v  During the loan disbursement, 10/-(ten) rupees will be taken from the customer for the cost of    the product and 5/-(five) rupees for the loan form.

v  Voluntary savings members can withdraw any day during office hours.

v  Loan installments will be collected on a weekly basis.

v  After disbursement of the loan, the grace period for collection of loan installments is 15 (fifteen)/day and the loan must be paid in 46 (forty-six) installments.

v  If there is any complaint of the customer, it will be accepted and resolved in maximum 02 (two) months

v  : In case of natural death of member/member/member’s husband (refund of savings and loan waiver) will be completed within one month.

v Financial/Accounting Information:

v  25 (twenty five) rupees will be accepted for admission + pass book + loan application form at the time of membership admission.

v  Loan will be disbursed within 02 weeks after admission.

v  Loan application will be disbursed within 01 week.

v  In case of winding up of the microcredit institution, the depositor will be entitled to the deposit deposited before 07 days’ written application and the deposit as per the agreement.

v  : At the time of taking the loan, the woman member can nominate her husband, if she does not have a husband, then her eligible child/father/brother as guarantor.

v Customer Rights/Obligations

v  In case of loan waiver and savings refund, the total installment amount of the loan will be refunded to the loan waiver customer and his/her nominee within 30 days from the date of death of the member/parent.

v  : On any working day, the member/member shall be present at the branch office to report his/her deposit and loan statement and to give the opinion to the authority.