Message From The Chief Executive

I am pleased to present the Palli Mongal Karmosuchi (PMK)’s Annual Reports for the year 2014-2015 to share the achievements of our organization. First of all, I would like to commend all members who are savers and borrowers of PMK for their dedication to make the year successful in all aspects.

PMK was initiated in 1988 for developing livelihoods through promoting positive changes towards integrated and sustainable development in the society, especially in the marginalized communities. From that day, PMK has continued its journey to development through enjoying the rights of the people, assuring social & economic empowerment. In this background, during the year 2014-2015 PMK worked no different issues specially Microcredit & Microenterprise for empowerment of disadvantaged women.

Like the past few years, the current year has also witnessed notable expansion program. We have increased geographical outreach to 17 districts covering 170, 932 clients. We have been serving them through 117 branches located in different districts. We are earning modest net profits over the years and have emerged as a sustainable NGO-FFI for a long time. The quality of loan portfolio is good loan recovery rate is 99.50%, operational and financial self-sufficiency is 141.26% and 140.20% respectively. 

PMK is one of a few leading national NGOs in the Bangladesh in the microfinance sector. The organization is running several programs other than microfinance to upgrade the living conditions of the poor, very poor and low-income people. These include poverty eradication programs with microfinance and micro-enterprise activities, agriculture, seasonal loans, housing loan and participatory livestock development programs. Other social development programs include health and education.

Finally, I would like to thank all our staffs, who have indeed worked hard to spearhead the program of poverty eradication and development efforts for the under privileged people in our community. I also extend my gratitude to all Executive Committee (EC) members for their prompt decisions, support and cooperation. A special word of thanks goes to all the members, registration authorities, government officials and funding agencies. The community people and the stakeholders at all levels also deserve our thanks for their continued support for the past 28 years.

I hope that this initiative to publish the annual Report for the year of 2014-2015 on the overall achievements and challenges of the organization will be of interest to the distinguished readers who are familiar with PMK activities and our beneficiaries. I would be happy to have your good suggestions or criticisms if any for improving the performance of PMK in the future.