MFI Report

Motivated by the struggle of the Bangladeshi people during their Liberation War of 1971, Mrs. Shamsun Nahar Rahman Paran founded Ghashful with the help of her family and friends in 1972. Paran wanted to assist the women of her country by addressing the issues that restricted their livelihood. The later death of her mother from the lack of available medical facilities further motivated her to work as she aimed to assist disadvantaged people by providing access to general medical and specialized maternal care.

The name Ghashful, meaning grass flower in Bangla, was selected to symbolize the beneficiaries of grassroot.

Microfinance

Ghashful launched its microfinance operations in 1997. As a method of poverty alleviation, this scheme has proven remarkably successful and helped to improve the lives of poor women and their families. Ghashful aims to empower recipients by incorporating them in Shomitis (groups). Shomitis become the nerve center of a community with linkages to income generating activities, education facilities, skills training, comprehensive health packages and awareness campaigns about STDs and HIV/AIDS.

Ghashful’s Micro Insurance Policy is a life insurance policy accessible to micro finance recipients.

Ghashful is keen on promoting enterprises of project based on traditional and innovative technologies which can accelerate capital formation in both urban and rural areas in the agriculture and allied sectors as also in the non farm sector. Hide