Well-Being

With a vision of bringing equity in marginalized communities in Bangladesh, Grameen Kalyan not only encased its activity within healthcare services but also aims to bring a change in other sectors.

 

Extending its backing for the well-being of Grameen Bank borrowers, employees and their family members, Kalyan provides financial support to Grameen Bank (GB) to undertake several programs for the welfare of the GB stakeholders. By offering scholarships and higher education loans to the children of GB borrowers and welfare loans to GB employees, Kalyan is significantly contributing to achieving the dreams of GB families.

 

For GB Members:

 

Higher education loan:

GK pays interest subsidy for higher education loans provided by GB to the children of its borrowers. GB calculates 12% interest for this loan of which the students pay only 5%, that starts immediately after the completion of their study.  However, GK pays 12% interest during the period of their study and pays 7% interest after end of their study until the loan is paid back.

 

Scholarship for the students among GB borrowers’ families:

GK awards scholarships in following categories to the children of GB borrowers’ families for their outstanding performances in education, sports & cultural activities:

 

•              Primary School Scholarship

•              JSC Scholarship

•              SSC Scholarship

•              HSC Scholarship

•              Sports & Cultural Activities

 

Support to GB Central Emergency Fund:

GB maintains a central emergency fund to extend support to the GB borrowers’ families for the purposes like funeral costs and other related costs after the death of a GB borrower. When there is any shortfall in the GB fund, GK covers the rest.

 

 

For GB Employees:

Medical loan:

GK provides interest subsidy for medical loans borrowed by GB employees for themselves and their family members.  Out of 12% imposed interest on this loan, a GB employee pays 5% interest and the rest 7% is paid by GK as subsidy on behalf of the GB employees.

 

Home appliance loan:

GK also pays interest subsidy for home appliance loan borrowed by GB employees. For this loan, a GB employee pays 5% interest and on behalf of the employee, GK pays the rest 7% interest as subsidy to GB, which continues until the loan is paid back.

 

Apart from these, Kalyan undertakes different well-being programs which impact GB borrowers and members in the long run.

 

 

LOAN GUARANTEE FOR NURSING COLLEGE STUDENTS:

Grameen Kalyan provides a loan guarantee to the children of Grameen Bank borrowers who enrol in Grameen Caledonian College of Nursing (GCCN) through GB education loan. The education loan is available to the students who can demonstrate their financial necessity and whose mothers have been GB Borrowers for at least two years.

 

Students who get GB Education Loan are responsible for all accrued interest and the loan principles; but they must have a loan guarantor. Here’s where Grameen Kalyan comes into play. As a guarantor of these loans, Kalyan ensures their smooth and uninterrupted nursing education.