ALOR POTHE started micro-financing program (savings and micro-credit operation) from its inception through accumulations member’s savings and organizational credit from donors. It creates a greater impact among the organized members to access in local financial market. Over the last two decade, Alor Pothe have adopted client focus innovative micro-financing service approach for operating micro-finances and savings services to the entrepreneurial poor and succeeded in reaching the poorest of the poor. The main features of Alor Pothe’s weekly repayment system, timely disbursing of loan and no any collateral services with very easy documentation. These include the provision of small loans to poor people, especially in rural areas, at full-cost interest rates, without collateral, that are repayable in frequent installments. Borrowers are organized into groups, which reduce the risk of default. These are also effective mechanisms through which to disseminate valuable information on ways to improve the health, legal rights, sanitation and other relevant concerns of the poor. Above all, many micro-credit programs have targeted one of the most vulnerable groups in society – women who live in households that own little or no assets. By providing opportunities for self-employment, many studies have significantly increased women’s security, autonomy, self-confidence and status within the household.
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