Story 4 - Micro credit has changed the life of Maniq Chandra
Manik Chandra poor, village of Aditmari
upazilla of Lalmonirhat District. his
family consists of his parents, younger sister, wife, a son and a
daughter. He used
to pass his days through farming and herd day labour. But the problem
when he settled the marriage of his younger sister. He had to self two
land out of four, which he got by inheritance, Later he had to pledge
bigha to provide the expenditure of the marriage. Losing the main source
income, the cultivable land, Manik Chandra became hopeless. All the time
thought "How will he maintain the large family? How will he make his
land free/ where will he get the money?"
At that time he came to know about the
"Revolving loan" of BRDB. He was
formerly a member of "Kishamatt Chandrapoor KSS. A small amount of
Aditmari UCCA was due to society. Manik Chandra then took the initiative
made understand the other members of the society and was able to repay
previous loan and become eligible for the next one. In 2005. Manik
with the other members of his society took a loan of 7000/- (Seven
the first time. With the loan money he at first made free his pledged
following the counsel of his Upazila Rural Development Officer (URDO) he
cultivated paddy in one bigha of land and in
another bigha he produced various seasonal vegetables. One day, while
the society URDO visited the vegetable plot of Manik Chandra and was
and advised him to preserve seeds of some vegetables rather selling.
he divided his vegetable plot in small parts and cultivated several
in each plot. He used to preserve the mature vegetables for seed
sell the surplus in every Hat day and earn 200/- to 300/- each day.
Instead of spending his little earning, he used to save them and
loan in monthly installment . His wife helped him most in this respect.
end of the season Manik once again seek advice of URDO about what to do
seeds. URDO acquainted him with an officer of a private seed-processing
Then Manik kept contact with the officer and sold his seeds at Tk4000/-.
time his first loan was also repaid fully.
In the same year, Manik Chandra took
5000/- as loan for 2nd time. He took
pledge one bigha of land accumulating the loan money and the money he
selling seeds. Finding that producing vegetable seed is more profitable
cultivating paddy, he began to produce seeds as the demand of the
he widely cultivated bean, cucumber, ladies finger etc. in two bighas of
Besides he produced onion, garlic, zinger, pepper, spinach etc. Besides
producing seeds he sold surplus vegetables as before. In every halt as
and saving the money he repaid the loan and maintained family. One year
in this way 2nd time Manik Chandra got a profit of Tk. 14,000/- selling
Manig Chandra took a loan of 10,000/- for the third time in 2006. In
time accumulating all the money he bought a power tiller at the advice
Now besides tilling his own land he earns some extra money tilling
He produced vegetables in two bighas of land this year, too. Now
solvency has returned in his family. His position in the society has
firm than before. And for all these he is owe and great full to the
Development Officer and Bangladesh Rural Development Board.