Address: Lugongjing Alley, Zhuxiqiao Street, Jincheng Town, Yilong County, Sichuan Province, P.R.of China
Telephone:
86-0817-7222488 Fax: 86-0817-7226092 E-mail:rday@nc-public.sc.cninfo.net
Professor H.I.Latifee visited ARDY
and launched the Grameen-funded program
- In
the afternoon of September
25, Mr.H.I.Latifee, the managing director of Grameen Trust, Bangladesh,
and Ms.gao Xiangjun, the executive director of ARDY, had respectively
signed the agreement between Grameen and ARDY about GT's funding
the Microfinance program of Yongle Branch, which meant the formal
beginning of this program and the cooperation between GT and ARDY.
-
This program targets the poor farmers in Yongle township in hopes of improving their living and life capacities through providing them with the short-term loan. The total grant from GT will amount to US$50,000 in two-year term. Two farmer groups will be eligible to become the clients of the program. One group is the commercial clients, which includes those farmers in Yongle
Township
doing the business activities in nearby towns; another is the rural
clients who are engaging in the traditional activities such as planting
and animal-raising. According to ARDY's plan, in 2005, the number
of the clients of Yongle Branch will reach 650 households, of which
250 households are commercial clients and other 400 rural clients.
By then, Yongle Branch will be able to support itself by its income
despite the termination of GT's fund, to realize its sustainble
development.
- In
his two-day visit to ARDY, Mr. Latifee had made a friendly talk
with
the leaders of ARDY's headquarters, and a through comprehension
of ARDY's microfinance operation and current status. Despite very
tired, he still made a field visit to Yongle Branch and the nearby
commercial clients, appreciating the former working of Yongle Branch
and the clients' enthusiasm for their family businesses.
©Copyright
ARDY 2002