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Message from Executive Director



Mr. Zahirul Alam
Founder & Executive Director of IDF
 
IDF completed 17 years in 2010. IDF has been able to implement the policies and programs as per methodologies set in 2009 and started recovering the shocks due to global financial crisis and high food prices. Hard work of IDF staff members played very important role in recovering from crisis in 2010. The branch to branch visit of higher management and orientation of grassroots staff to understand causes of crisis and their solutions and salary increase were very useful.

Based on the review of cost of living and salaries and benefits of the staff by the Board, IDF increased the salaries of the staff in July 2008 and July 2010 which helped to reduce delinquency and improve the quality of portfolio during this period.

  
 
The overall growth in 2010 was satisfactory. The total increase in membership, loan portfolio and members' savings in 2010 were repectively 3,442 (4.4% increase on 2009), Tk. 104.9 million (23.2% increase on 2009) and Tk. 33.29 million (15.5% increase on 2009). The repayment rate increased from 99.16% in 2009 to 99.54% in 2010. The growth of membership was low in 2010 as the consolidation in the organization was still going on. The portfolio quality, savings accumulation and repayment rate improved in 2010.

The improvement in 2010 was possible becase of hard work of IDF staff members and sincere cooperation from our development partners and local social leaders of our working areas particularly in Chittagong Hill Tracts. We are very grateful to Grameen Trust, Sida, Helen Keller International, PKSF, Grameen Foundation USA, Deutsche Bank, CowBank (Australia), BWTP (South Asian Microfinance Forum), Basic Bank, Sonali Bank, BRAC Bank, One Bank, Mercantile Bank, Government of Bangladesh, IDCOL, CHT Regional Council, NGO Affairs Bureau, NGO Foundation, CHT District Councils, Deputy Commissioners, Upazila Nirbahi Officers and law Enforcing Bodies for their supports and cooperation.

We are also grateful to our Board Members for their active support in implementing various programs in 2010. I cordially thank our founder and life members for their active and positive role and guiding us to take appropriate policies and measures in 2010

Continuous support of our friends, partners and well wishers would gear up our strength to fight poverty.


Zahirul Alam
[Executive Director]
Integrated Development Foundation [IDF]