COAST is contributing to strengthen the Income Generating Activities (IGA) of the beneficiaries by providing various support service along with micro finance to them. Economic justice includes providing micro finance, skill development training, follow up and technical support to the beneficiaries. COAST is also actively trying to improve its technologically sound management system in branch level.
To reduce the paper work and workload of Program Organizer (PgO), COAST has established computerized MIS at branch level. Improving the quality of reporting, excel software has been developed by our staff and that was piloting in 10 branches. COAST management has provided necessary training & orientation of all Branch Manager, Area Manager and Regional Program Coordinator. After training computer system was established in 10 branches and now all collection sheets, report and others activity are generated through software and as a result workload is reduced of PgO and management getting error free report from branch offices. There is a plan of the organization to expand this technological support to all branches by December 2010.
Recently mobile SMS system has been established in all branches for better monitoring of microfinance program. All Branch Managers send daily MIS information to MF section of COAST Principal Office by 6.00PM through mobile SMS. This is also a software mechanism that generates a motoring report and sends to respective operational Head and Regional Program Coordinators. This SMS based monitoring report including present bank and cash balance along with daily MF activities & information that made a very easier way to monitor all branches from the centre.
Towards enhancing beneficiaries’ interest, COAST has introduced Seasonal Loan Program (SLP) specially for beef fattening since 2009. This program is being financed by Palli Karma Shohahok Foundation (PKSF) objectively for increasing the supply of Protein in market and ensuring financial benefit of the beneficiaries.
Now these SLP targets the IGAs especially beef fattening, salt production in southern belt in our country, dry fish production & processing etc, and the year 2009, the program covered 270 and 1043 beneficiaries in 2010 through disbursing loan of taka 8.4 million along with necessary training support. Now they are earning BDT 4000/month in average and seen very successful performance recovery.