Since April the organization has rapidly diverted its resources and operations to tackle the issue from multiple frontiers, says a press release. In terms of economic support, SAJIDA’s microfinance program has undertaken emergency preventive and protective protocols to safeguard its members against health and livelihood shocks. At the same time, nearly 2,000 field forces have reached 0.4 million microfinance members (with daily calls to around 20,000 members) with life-saving information regarding the prevention and treatment of Covid-19. Based on an assessment of the needs of its microfinance members during this crisis, SAJIDA has extended support in the form of cash and kind, where appropriate. In the interest of its members, SAJIDA is also negotiating with its financing partners for a sizeable portion of funds allocated recently by the Bangladesh Bank as part of a Tk3,000 crore revolving refinance scheme.

Source: Dhaka Tribune May 09, 2020 09:11 UTC