Ucep extends loan for self- employment
Star Business Report
Underprivileged Children's Educational Programmes (Ucep)-Bangladesh, a non-government organisation, yesterday distributed loans among its 12 trained adults. Ucep, earlier, trained those borrowers in different technical and productive sectors. It now extends loans between Tk 25,000 and Tk 100,000 each to foster self-employment of Ucep students. Under a 10-year programme, Ucep will disburse Tk 5 million to hard core urban working children and adolescents after training them in different fields. These trained adults who are not generally covered by the traditional banking system will have to return the money in installments with a 15 percent interest rate. Chairman of Ucep Board of Governors M Mokammel Haque handed over cheques to its former students at a function at UCEP head office at section 2 of Mirpur, Dhaka. Established in 1972, Ucep has so far trained up one lakh urban children and adolescents. Presently it has 25,000 students.
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