Annual Report 2017 PDF

2017
Annual Report
BASTOB
Initiative for People's Self-Development
2017
B A S T O B
BASTOB
i
IIIii
the process, BASTOB always encourages
partnership and networking with government and
like-minded organizations.
BASTOB has been blessed with experienced,
energetic, and dynamic workers and members who
are committed to achieving its goals. It believes in
people’s capacity and creativity, and also in
Vision participatory management and it is committed to
BASTOB envisions a peaceful society where ensure participation at every level.
disadvantaged people are self-reliant and capable of
solving their own problems. Core Values
• People’s capacity and dignity
• Creativity and innovation
Mission Statement • Cost consciousness
Our Mission is to ensure socio-economic • Honesty and integrity
development and self-reliance of the people while • Culture and environment friendly development
being consistent with organizational sustainability.
BASTOB is committed to follow the ideals of • Discipline, participation, team work and openness
people’s participation, institution building, human • Gender equity
rights, gender equality, promotion of culture and
care for the environment, poverty alleviation and • Accountability and transparency
people’s sustainability in achieving its goals. • Justice and fairness
Taking into consideration the fact that development • Striving for excellence
work is a challenging job which requires the
combined efforts of many participants involved in
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Message from the Chairperson
2017 was a good year for BASTOB, full of change and progress. We welcomed
new staff and new Board members, made efforts to strengthen the organization,
and have been building partnerships that will have a lasting and positive impact
for our organization. We’re proud to be working with a wide range of dedicated
caring individuals and groups.
During 2016 - 20/17, we continued to strengthen our institutional capability, with
further investments in human capital. We also enhanced our governance and risk
management frameworks to ensure ongoing compliance with regulatory
authorities. At the same time, we continued to implement our social
responsibility programme to support the social well-being and economic
prosperity of the people of our working areas.
Our success is the community’s success. With the ongoing support of our donors,
partners, Board and volunteers, BASTOB is ready for all the challenges and
achievements stored for it in 2018.
Professor Dr. Md. Golam Samdani Fakir

Chairperson
BASTOB Governing Board
IIiv
Statement of the Executive Director
This report highlights the notable achievements of BASTOB. We are proud to

celebrate these achievements and the continued progress in our pursuit of
improved programmes. BASTOB has carried out impressive work on continuing
projects. Our actions were guided by BASTOB’s strategic plan, which outlines
the vision, mission and goals for the organization. The strategic plan also lists
BASTOB’s core values. We focused on partners, professionalism, and diversity.
The year marked a decade of service for the organization. Our dedicated staff did
an incredible job to strengthen our programmes and services. The year 2016-17
signified an active year for BASTOB. We are proud of all the accomplishments
featured in this report.
As regards the programme goal, besides all regular activities, it should be worth
mentioned: this year, microfinance was expanded with diverse products; 44
schools/learning centres were in operation for children of disadvantaged parents;
175 children were provided scholarship to continue education; primary health
care services strengthened for microfinance members; migrant workers were
introduced to bank for safe remittance; natural disaster and climate victims were
resettled in the locality with houses, water facilities and sanitary latrines; staff
development and policy formulation were initiated for organizational
development and good governance.
Our approach to invest in sustainable projects has been marked as the
foundation of our partners’ success which was accelerated by our goodwill and
commitment to bring positive changes in the lives of the disadvantaged people of
our project areas. At the same time we took care for the sustainability of the
organization.
We are grateful to our donor-partners and to all government agencies for their
support and cooperation. We also appreciate contributions of our Board members
and volunteers who have always helped us to stay on track with our works.
Ruhi Das
Executive Director
IIIv
I. Vision, Mission, Core Values
II. Message from the Chairperson
III. Statement of the Executive Director
IV. BASTOB: An Overview

V. Governance and Management
VI. Historical Evolution
VII. BASTOB’S PROGRAMMES
A. INCOME AND EMPLOYMENT GENERATION PROGRAMME
A.1. MICROFINANCE PROGRAMME (MFP)

B. SOCIAL DEVELOPMENT PROGRAMME
B.1. EDUCATION PROGRAMME
B.1.1. Sultan-Sofa Pathshala
B.1.2. Su-Chala Project
B.1.3. Ashar-Alo Education Development Projects
B.1.4. Goethe-Tagore Academy (GTA)
B.1.5. Non-formal Primary Education

B.2. PRIMARY HEALTH CARE SUPPORT PROJECT
B.3. MAKING MIGRATION BETTER FOR THE LABOR MIGRANTS
FROM BANGLADESH (MMBLMB)
B.4. VULNERABLE GROUP DEVELOPMENT (VGD) PROGRAMME

B.5. ENHANCING RESOURCES AND INCREASING CAPACITIES OF
POOR HOUSEHOLDS FOR POVERTY ELIMINATION (ENRICH)
C. ORGANIZATIONAL AND STAFF DEVELOPMENT
D. ORGANIZATIONAL CONSOLIDATED AUDIT REPORT 2016-2017

AND FINANCIAL STATEMENTS
E. BASTOB BRANCH OFFICES
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BASTOB : AN OVERVIEW
01
Institution: information regarding the interest rates on loans and
BASTOB-Initiative for People’s Self-Development, savings, other fees, process of giving and taking
Strongly believes in people’s self-development on interest, process of loan provisions, deposit provision
their own initiative. BASTOB’s emphasis is on and so on. There is an Information Officer in the
socio-economic development and promotion of a Head Office who will provide all information as
culture of peace and the factors that determine the needed.
situation of the people in a society. Based on the Any complaint from any member regarding the
prevailing socio-economic conditions of the country, microfinance programme will be welcomed and will
BASTOB’s programme was carefully designed and be solved within two months, and the members
the target people were encouraged to undertake and concerned will be informed accordingly.
initiate their own development. BASTOB
categorically emphasizes on the needs of women, In case of a member’s death, insurance claims (return
youth, and children, as well as the disadvantaged of savings and settlement of outstanding loans) will
segments of the society. be met within a maximum period of 30 days.
BASTOB is a non-profit, non-partisan organization Programme Report Accounts Statements:
founded by a group of committed professionals and The organization has its own website namely,
social workers. Since its inception on 4th July, 1997, www.BASTOB.org. A wide range of information is
BASTOB has been carrying out integrated available there and is accessible to the general
development programmes with its programme public.
participants.
The annual statements of accounts are audited once a
year by an accredited audit firm. The audit report is
Strategies: duly presented to the concerned authorities. It is also
Develop people’s institutions available at the organization’s website and annual
report.
Provide financial support/assistance
The annual report of the organization, which
Ensure involvement of stakeholders in planning includes pictures, audit report, facts and figures and

other information, is published each year. This report
Reduce gender discrimination
is then provided to everyone concerned.
Improve health and education Every month, data and financial report on
Provide skill training microfinance programme is produced, preserved and

submitted to everyone concerned.
Establish network/partnership
Perform advocacy on various issues Financial Services:
Protect human rights, environment, and adapt Any person with financial difficulties irrespective of
climate change initiatives religion, caste or creed has the right to benefit from
the financial services of BASTOB based on his/her
Promote culture of peace ability to transact business.
Support environment friendly agriculture and forestry Taka 25.00 is charged from the members for the
admission form, loan application form and for the
Citizen Charter : Information Processing, pass book. Once the loan application is received, the
Publishing, Preserving and Dissemination. loan is released within 10 days.
The address of the organization’s Head Office and In case of the dissolution of the organization, the
other Branch offices are available in the website, members who have savings deposit will get
Facebook page, annual report and all branch offices. preference, in claiming benefits.
Any member can get the address, phone number, Fax
number, Email ID, website address etc. of the head The recipient of the loan can submit the name of any
office or the branch offices by visiting these any male or female as co-maker, who will be liable for
time. If there are any changes in these data, all the the loan.
concerned authorities, members and other Males and females will get loans based on their
stakeholders will be immediately notified. respective abilities and experience.
All information regarding the members’ names,
addresses, loans and savings will be preserved by the Rights and Responsibilities of Members:
branch office for six years. Any financially insolvent male or female irrespective
The entire procedures of microfinance and other of his/ her caste, creed, and religion is suitable to
services of BASTOB are stored in the form of receive a loan from BASTOB.
manuals/ policies in every branch. Anyone can have As per policy of the organization, there are several
a look at these. All these manuals include savings schemes available to the members.
02
As per policy of the organization, members have the If a member does not have the ability to pay back the
right to receive various loan schemes such as loan installment, he/she should not take loans from
microcredit, enterprise loan, loan for the extremely more than one source.
poor, disaster mitigation loan, and other loans,
depending on their capacity and qualification. Legal Status:
If a member does not have any unpaid loan balance, BASTOB-Initiative for People’s Self-Development,
he or she has the right to withdraw membership, with is registered with the NGO Affairs Bureau under the
his/her partial or full saving balance. Prime Minister’s Office, Registration No.
In order to avail of the services of the organization, FD-1263/98, dated 6 May 1998. It is also registered
members reserve the right to know clearly the terms with the Societies Act No. S-3161(126)2003 dated
and conditions of the organization in written or in 22 May 2003, as well as under Microcredit
oral form. Regulatory Authority (MRA) License No.
The members have to deposit their savings regularly. 01029-00170-00346 dated 29 October 2008, Tax
Payment of the received loan should be paid on the Identification No.: 340108794091.
II. Governance and Management

due date. Members have to be present in the weekly
meetings and assist the organization to maintain the The General Body of BASTOB consists of 23
discipline in the group. members. This is a diverse group of people in terms
of profession, age, geographic residence, etc. This is
Members have the right to participate in different the supreme policy maker of the organization. All
training courses and awareness programmes the General Body members believe in the
arranged by the organization. constitution, vision, mission and core values of the
According to the organizational policy, every organization. They have a firm commitment to help
member/member’s nominee has the right to get develop the underprivileged people of Bangladesh.
insurance benefits such as saving refund, loan The General Body meets in the Annual General
repayment etc. Meeting (AGM). The main function of the General
As per policy of the organization the members will Body is to approve the annual work plan, budget,
receive interests on the savings deposit in accordance audit report, selection of Auditor, elect of the
with the existing rate of the organization. Governing Board and to amend the Articles and
Memorandum of Association of the organization.
Members will get rebate for early settlement of their
loan installments.
Members can get update on their savings and loans by
visiting the respective branch office during office hours.
To assure the members of the legality of the
transaction, a staff member will record on the
passbook their payment of the loan installment and
their savings, and will sign the passbook.
According to the contract/agreement, loan
installments, savings and premium of insurance have
to be paid on the due date and members should also
encourage other members to do so.
The received loan should be spent on a profitable
enterprise skillfully to increase their income.
03
Members of General Body:
Sl. Name Designation Profession
1 Prof. Dr. Md. Golam Chairperson Vice-Chancellor, Green University of
Samdani Fakir Bangladesh
2 Mrs. Sharmind Neelormi Vice-Chairperson Associate Professor, Dept. of Economice
Jahangirnagar University
3 Md. Faruque Ahmed Treasurer Proprietor, Mahib Enterprise
4 Mr. Bani Amin Board Member Manager, Mediacom
Md. Sabuktagin Bhuiyan
5 Mr. Ronjit Halder Board Member Project Coordinator, Dhaka Community Hospital
6 Mr. Atatur Rahman Miton Board Member Country Director, Hunger Free World
7 Mrs. Masuma Samad Board Member Executive Director, VASD
8 Md. Gias Uddin Ahmed General Body Member Ex-Vice-principal, Mirpur University College
9 Md. Osman Ghoni General Body Member Executive Director, Sampreeti
10 Dr. Shamsun Nahar Ahmed General Body Member University Teacher
11 Dr. Nilufar Kamorez Jaha General Body Member Freelance Consultant
12 Mr. Jiptha Boiragee General Body Member Programme Coordinator, The Leprosy Mission
13 Ms. Maksuda Reza General Body Member Teacher, Mirpur University College
14 Ms. Agnesh Peris Baby General Body Member House wife
15 Ms. Masuma Pervin General Body Member Project Officer, The Leprosy Mission
16 Ms. Anima Mukti Gomes General Body Member Artist (Singer)
17 Ms. Nasrin Jahan General Body Member House wife
18 Mr. Suvash Ch. Mistary General Body Member IT Engineer, Lufthansa, Germany
19 Mr. S.M. Emdadul Haque General Body Member IT Professional, Australia
20 Mr. B.S. Sagor Barua General Body Member Artist (Singer), France
21 Mr. Mohiuddin Howlader (Selim) General Body Member IT Engineer, Liechtenstein
22 Mr. Khalilur Rahman General Body Member Executive Director, Endeavour
23 Mrs. Anzuman Akter General Body Member Director, The Hunger Free World
04
Governing Board :
BASTOB has a Governing Board with seven members. The Board consists of 1 Chairperson, 1
Vice-chairperson, 1 Treasurer and four members. The General Body elects the Governing Board for a period
of three years. The Board meets at least four times a year or more as deemed necessary by the organization.
The Board takes the required management decisions and advises the Executive Director in implementing
programmes and activities of the organization, in organizational plan, for overall management,
managing its affairs and in safeguarding the interests implementation and monitoring the organizational
of the stakeholders involved in the different activities and programmes. She/he has to raise funds
programmes and levels. The Executive Director is
and ensure its proper utilization. The Executive
not a member of the Governing Board but works as
an ex-officio member Secretary. The Executive Director runs the day to day management of the
Director is the Chief Executive Officer (CEO) of the organization with a skilled organizational set up at
organization. He is responsible for preparing the the central and branch levels.
05
BASTOB
The Governing Board of BASTOB

For the year 2017-2020
Prof. Dr. Md. Golam Samdani Fakir Mrs. Sharmind Neelormi

Chairperson Vice-Chairperson
Md. Faruque Ahmed Mr. Ronjit Ch. Halder Mr. Bani Amin Md. Shabuktagin Bhuiyan
Treasurer Member Member
Mrs. Masuma Samad Mr. Ataur Rahman Miton Mr. Ruhi Das
Member Member Ex-officio Secretary, Executive Director
06
Management Team:
Name of employee Designation
Mr. Ruhi Das Executive Director
Mr. Md. Jamal Hossain Director, Administration
Mr. Ranjit Ch. Das Programme Head
Mr. Rustom Ali Mollah Coordinator, Microfinance
Mr. Hary Narayan Das Roni Coordinator Internal Audit
Mr. Kingshu Kumer Majumder Coordinator, Accounts
Mr. Protap Kumar Roy Asst. Coordinator Microfinnce
Mr. Humayun Kabir Chowdhury Manager, Internal Audit
Mrs. Jahanara Hasan Admin. & Education Officer
The Organizational Policies/Manual/Guidelines of BASTOB for a Transparent

Management and Good Governance:
BASTOB – Initiative for People’s Self-Development, has developed various policies/manuals for good
governance and efficient and effective management. The policies/manuals are regularly updated for effective
use. Most of the policies/manuals are uploaded in the website, and a hard copy is available in the office.
Presently BASTOB has the following policies/manuals:
Organizational Constitution
Finance Policies, Accounting Manuals
Microfinance Management Manuals and Policies
Service Rule (HRM), Organizational Behaviour
Gender Policy
Child Protection Plan
Information Disclosures Policies
Staff Provident Fund/Gratuity Policies
Laptop/Mobile Policies
Transport Policies
Citizen Charter
Present Working Areas:

Sl. District Upazilla/Thana Unions Villages
1. Cox’s Bazar 3: Chakaria, Pekua and Cox’s Bazar Sadar 25 85
2. Dhaka 6: Dohar, Nawabganj, Keraniganj, Turag, Uttarkhan 15 100
3 Munshiganj 2: Sirajdikhan, Sree Nagar 8 40
4 Gazipur 2: Tongi, Board Bazar 8 40
5 Narshingdi 2: Panchdona 8 50
6 Narayanganj 3: Araihazar, Sonargaon, Bandar 12 60
7. Manikganj 1: Singair 1 5
8. Barisal 1: Gournadi 1 10
8 20 78 390
07
III. Historical Evolution of BASTOB
1997 Year of Establishment
1998 • Obtained foreign donation registration from the NGO Affairs Bureau.
• Sent a cultural team to Germany
• Implemented massive relief works for the flood victims
• Developed Vision-Mission, Strategies and Core Values of the organization
• Started Shilpi Sultan Pathshala Project
• Started dressmaking training courses at Khilkhet, Dhaka
• Visited by NETZ’s Chairperson Mr. Manfred Krueger, Executive Director Mr. Wolf-Matthias
Gallien and Mr. Ingo Ritz
1999 • BASTOB started Heath Project in Dhalghata and Dulahazara with the financial support of
NETZ
• Provided interest free loan supports to 310 flood affected farmers and 63 small traders for
their rehabilitation.
• Started Mobile Trade Training School project
• Started project on Bangla-Shur Cultural Training and Organizational Development Programme
• Implemented Rehabilitation Programme for the flood victims in Barisal and Dhaka
• His Excellency the German Ambassador visited the Health Project in Moheshkhali, Cox’s Bazar
• Mr. Peter Dietzel and Mr. Manfred Krueger of Netz visited projects of BASTOB
• Formal Microfinance started with the financial support of LED, Liechtenstein via Mr. Selim
and Mrs. Carmen Howlader
• Implemented Rehabilitation Project with financial support from Missio Austria and German Embassy
• Started Child to Child Health Education Programme
2000 • Started Employment Generation and Children Education Project with the financial assistance
of Liechtensteinentwicklungsdiesnt (LED) via Mrs. Carmen and Mr. Selim Howlader
• Started BASTOB infoCARE: training and education on information technology
• A Five Year Strategic Plan 2000-2004 was developed
• Capacity of staff members were developed through the partnership of NRT-Sampreeti and
South Asia Partnership Bangladesh
• The Deputy Commissioner of Chanpai Nawabganj District inaugurated BASTOB Mobile
Trade Training School in Shibganj, Chanpai Nawabganj
• DASCOH started providing Technical support to Health Projects
2001 • Organizational development initiative continued
• Developed organizational policies on Human Resource Development, Gender and Financial
Management Manual
• Received a small scale project on Computer Training from German Embassy
• Became Partner of CARE Bangladesh INCOME Project III
• Became partner of NGO Forum for Public Health
2002 • Adolescent Programme was started
• Started self-managed Saving and Credit Programme by the village organization and mothers’
club members
• BASTOB became a partner of ActionAid Bangladesh for implementing REFLECT (Regenerated
Freirian Literacy through Community Empowering Technique) in Chakaria, Cox’s Bazar
08
• BASTOB jointly started a Microenterprise (Bakery) named New Dhaka Bakery, at Tongi, Gazipur.
• New Governing Board 2002-2004 was formed
• BASTOB became a partner of FAO to implement its Empowerment of Coastal Fisheries
Community (ECFC) project in Chakaria and Pekua Upazillas of Cox’s Bazar District. The
other funder of the project was UNDP and Govt. of Bangladesh
• BASTOB started a joint venture project named ‘Women Involvement in the Technology
Transferring Process of Vegetable Production through Establishment of Vegetable Resource
Base at Village Level.’ from Agricultural Services Innovation and Reform Project (ASIRP).
BASTOB was the Lead Partner among Mukti Cox’s Bazar, PHALS and DAE, Cox’s Bazar.
2003 • A five year project named “Rural Education and Health Development Project” started in
Barisal with the financial support of LED.
• Registration obtained from the Registrar of Joint Stock Companies under Societies Act.
2004 • Became partner of Bangladesh Shishu Adhikar Forum (BSAF), Credit Development Forum
(CDF), International Fellowship of Reconciliation (IFOR)
• New Governing Board was formed for the year 2004-2006
• Emergency relief programme implemented for the flood affected victims in Dhaka areas
2005 • Insurance system for the microfinance members introduced
• Special emphasis was given on savings mobilization
• Micro Enterprise Loan was introduced
2006 • New Governing Board was formed
• BASTOB recognized Microfinance as core programme and expanded its branches in Joypurhat
and Cox’s Bazar district
2007 • Became a partner of Palli Karma-Sahayak Foundation (PKSF)
• Became a partner of RMMRU to implement “Capacity Building for Ensuring Safe Labour
Migration (CABSLAM)” with the financial assistance of Manusher Jonno Foundation
• BASTOB undertook relief programme to the cyclone SIDR affected people and started rehabilitation
programme for them
• Undertook relief works for flood affected people in Nawabganj and Keraniganj areas of Dhaka
district
2008 • Obtained license from Microcredit Regulatory Authority (MRA)
2009 • Implemented a pilot project “Safety at Sea” by Bay of Bengal Programme (BOBP)
2010 • Started Sultan Sofa Pataskala (School) at rural areas
• BASTOB started Primary Health Care Project with the support of Anukul Foundation and from
the microfinance programme
• Became a member of the Banking with the Poor (BWTP)
2011 • New Governing Board 2011-2014 was formed
2012 • BASTOB computerized its accounts and microfinance programme
2013 • Climate Change Programme
• Goethe-Tagore Academy
• Making Migration Better for the Labour Migrants in Bangladesh
2014 • Skill Development Project for the Climate Change Victims
2015 • Expansion of Microfinance Branches
• Linkage established with Commercial Banks to provide Agricultural Loans among the farmers
• Introduced Monthly Installment of Loans, and Loan Duration was increased to two years
2016 • Expanded the Microfinance Branches and started online of MIS and FIS
• Pre-Primary Education in partnership with BRAC
2017 • New Governing Board 2017-2020 formed
• Expanded Microfinance Programme.
09
IV. BASTOB’S PROGRAMMES
To achieve the societal vision and mission of the organization, BASTOB has been implementing various
development programmes, projects and activities to bring positives changes in the lives of the people
following its strategies and core values. The overall programmes of BASTOB are divided into three
categories: A. Income and Employment Generation Programme, B. Social Development Programme and C.
Organizational Development.
10
A. INCOME and EMPLOYMENT
GENERATION PROGRAMME
11
A. 1. Microfinance Programme (MFP)
Introduction :
Microfinance is the core programme of BASTOB. The main aim of this programme is to create employment
opportunities and increase the income of the programme participants. The Microfinance programme of
BASTOB reached 24.283 families in the fiscal year 2016-2017. To alleviate the poverty of the disadvantaged
section of the society, microfinance has been assisting the poor effectively in improving their living status and
livelihood. Since the poor people cannot afford any collateral against their loan, the microfinance services
from a Microfinance Institution (MFI) are their only hope to get loan in an easy way without collateral.
Microfinance programme is implemented as per BASTOB started its microfinance programme in

microfinance policy of BASTOB. The policy 1998, immediately after the flood, for the male
includes the guidelines for group formation, savings, groups who were engaged in the agricultural
credits, interest rates of savings and loans, insurance activities and small trading. Post flood interest -free
and benefits. The Credit manual is followed for field loan was provided to the flood affected farmers.
level implementation. After successful completion of this programme and
12
upon the request of the programme partners, BASTOB started microfinance with the financial assistance of
Hilfe fuer Bangladesh, Liechtenstein. BASTOB became a partner of INCOME PROJECT III of CARE
Bangladesh in 2001. As a result of technical and financial supports of CARE Bangladesh, the programme
became more systematic, structured and visually acceptable. In 2007, BASTOB became a partner of Palli
Karma-Sahayak Foundation (PKSF). With the financial, technical and capacity building activities of PKSF,
BASTOB became an effective microfinance institution in Bangladesh. The microfinance programme expanded
to 8 districts, 24 Upazillas, 78 Unions and 390 villages. The report of 2016-2017 is focused on total MF
programme as well as the initiatives taken during the reporting period.
A.2 Components
The Microfinance of BASTOB consists of five main
components as stated below:
(a) Institution Building, (b) Savings Mobilization, (c)
Providing Loan Facility, (d) Insurance and (e)
Awareness Building and Capacity Development
a) Institution Building:
BASTOB Microfinance Programme is composed of 2
types of groups; a) small groups and b) large groups
(Samity). A small group consists of five members with
one leader, while a large group consists of 5 to 6 small
groups (25-30 members) with 3 executive committee
members (Treasurer, Secretary and Chairperson). At
the end of June 2017, there were 1670 groups of which
1645 were female and 25 were male.
13
Groups, Savers, and borrowers-Status of 30000
2012-2013
the last Five years:
25000
Fiscal Year Groups Savers Borrowers 2013-2014
Female Male Total Female Male Total Female Male Total 20000
2012-2013 484 70 554 10285 1291 11576 8011 1159 9170 15000 2014-2015
2013-2014 485 71 556 9333 1332 10665 7542 1197 8739
10000
2014-2015 747 77 824 13219 1278 14497 10126 1045 11171 2015-2016
2015-2016 1544 34 1578 25933 1018 26951 20931 813 21744 5000
2016-2017 1645 25 1670 24283 712 24283 18531 484 19015 2016-2017
0
b) Savings Mobilization: Groups Members Borrowers
Mobilization of savings from the poor people is a

very difficult task, in as much as most of the
members are from financially disadvantaged families
with multifaceted vulnerabilities. Considering the
situation and need of its programme partners,
BASTOB developed an inclusive savings system so
that everybody can participate in this programme.
When members face financial difficulties or critical
situation, BASTOB gives opportunity to its members
to withdraw their savings according to their need.
BASTOB keeps 10% of members’ savings as fixed
deposit in the scheduled banks and 5% as liquid
money to meet the members’ needs. The 85% of their
savings is used as revolving loan fund to lend to the Regular Weekly Savings: Every week the
members. This savings fund is gradually increasing members have to deposit a certain amount of money.
with the continuous motivational efforts. As of 30th During the loan period they cannot withdraw this
June, 2017, the total savings is Taka 297,309,315.00 money. But they can withdraw this savings as soon as
(US$ 3,716,366.00). The Savings growth was 55% they pay their loan. Balance of the weekly savings as
in this reporting period. The average savings per of June 30, 2017 was Tk. 226,761,359.00
member is Taka 11,894.75 (US$ 148.68).
Regular Monthly Savings: The members also

deposit certain amount of money on monthly basis.
Under this program they can withdraw their savings
Members get a minimum of 6% interest on their at any time. Interest is paid up to 12% per annum.
savings and it is deposited at their individual Balance as of June 30, 2017 was Tk. 55,475,051.00
accounts at the end of the fiscal year. During the
fiscal year 2016-2017, the members deposited Tk.
289,504,364.00, compared to Tk. 155,509,038.00 in
2015-2016. Withdrawal in 2015-2016 reached Taka
185,123,284.00 and in 2016-2017, withdrawal was
Tk. 79,476,123.00. Interest paid to members on the
savings deposit was 12,779,087 in 2016- 2017; while
in 2015-2016, it was Taka 8,950,044.00. During the
period from July 2016 to June 2017, there were four
types of savings products (1) Regular Weekly
Savings, (2) Regular Monthly Savings and (3)
Voluntary Savings.
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Voluntary Savings:
Members can save money in voluntarily savings programmes at weekly meetings as per their ability for an
undefined period. This savings can be withdrawn at any time as per their need. Balance on June 30, 2016 is
Tk. 15,072,905.00
Savings deposits, withdrawals and net balance in the last three years are as follows:
Year Opening Deposits Interest Savings Closing % of No of Avg. Save.
Savings During paid Refund Balance increase/ Savers Per
the year Decrease Member
2014-2015 80,222,736 86,695,290 4,149,240 64,394,520 106,672,746 32.97% 14497 7,358
2015-2016 106,672,746 155,509,038 8,950,044 79,476,123 191,655,705 79.67% 26949 7,112
2016-2017 191,655,705 289,504,364 1,272,530 185,123,284 297,309,315 55% 24995 11,895
300,000,000
250,000,000
200,000,000 2014-2015
150,000,000 2015-2016
100,000,000 2016-2017
50,000,000
0
Figure 1Savings Growth last 3 years
15
c) Providing Loan Facility: Cumulative disbursement of microfinance up to
We provide loans to all potential members as per June 2016 was Tk. 3,162,590,000.00 and
their needs ensuring their capacity for utilization of collection of Tk. 2,623,619,596.00 which was
the loan. Members need to maintain a minimum of disbursed among 39130 members. The number of
5% on their savings deposit with us. The loan loans reached 117,760.
period is from six months to two years. The
repayment policy is: one time full repayment,
weekly repayments and monthly repayment. The
rate of service charge varies according to the loan
product. For the ultra-poor (Buniad), the service
charge is 20% decline method and for other loans,
the rate of service charge is 25%.
Borrowers need to pay the total amount of loan in

46 installments with a two-week grace period. A
regular flow of fund to the economic activities of
the members is essential. Demand for these
services is gradually increasing both in the number Members invested the loan amount in a variety of
income generating activities. The performance of
of borrowers and in the amount of loan. During the loan recovery of the organization was good with
fiscal year 2015-2016, BASTOB disbursed Tk. Cumulative Recovery Rate (CRR) and On Time
891,518,000.00 among 21744 members (number Realization (OTR) rate of 99.67% & 99.32%
of loans were 24897) and collected Tk. respectively as of June, 2016.
625,256,499. Outstanding loans at the end of the The loans include some specific loan products
year amounted to Taka 538,970,404.00. such as Jagoran (previously known as Rural Micro
Credit - RMC), Agrasor (Micro Enterprise -ME),
Buniad (Ultra Poor Program -UPP), Sufalan
(Seasonal Loan), and Sahos (EFRRAP).
16
Product- wise Loan Outstanding for the last 5 years
Sl. Name of Loan Products Balance on Balance on Balance on Balance on Balance on
30.06.2013 30.06.2014 30.06.2015 30.06.2016 30.06.2017
1. Jagoran (previously known 56,343,055 52,780,922 105,660,367 202,954,066 144,607,286
as Rural Micro Credit – RMC)
2 Agrasor (Micro Enterprise –ME) 104,927,705 123,709,615 141,100,244 302,005,967 685,517,647
3 Buniad (Ultra Poor Program –UPP) 3,059,928 4,005,209 4,550,758 7,274,637 6,577,015
4 Sufalan (Seasonal Loan) 371,869 2,660,169 21,397,534 25,723,745 27,684,669
5 Enrich Income Generation 00 00 00 840,319 3,060,308
6 Enrich Livelihood 00 00 00 10,000 187,229
7 Enrich Asset Creation 00 00 00 161,670 2,086,785
Total 164,702,55... 183,286,915 272,708,903 538,970,404 869,720,939
Jagoran
700,000,000 Agrasor
600,000,000
Buniad
500,000,000
400,000,000 Sufalan
300,000,000
200,000,000 Enrich Income
GeneraƟon
100,000,000
Enrich Livelihood
0
Enrich Asset
CreaƟon
Loan Disbursement, realization and loan outstanding in the last five years
Year Opening Loan Loan Disbursement Principal Service Charge Loan Increase/ Decrease % of Increase/
Outstanding During the Year Realization collection Outstanding Decrease Outstanding Decrease Outstanding
2012-2013 161,419,435. 289,768,000 286,484,878 36,659,325 164,702,557 3,283,122 2%
2013-2014 164,702,557 320,388,000 301,803,642 37,312,555 183,286,915 18,584,358 11%
2014-2015 183,286,915 467,246,000 377,824,012 46,088,957 272,708,903 89,421,988 49%
2015-2016 272,708,903 891,518,000 625,256,499 97,730,254 538,970,404 266,261,501 98%
2016-2017 538,970,404 1,325,369,000 994,618,465 149,623,006 869,720,939 330,750,535 61%
d) Insurance:
In case of death or disability of the borrowers and borrowers’ husbands/second loanee, the loan amount
is cancelled and the total saving amount is refunded to the borrowers’ nominees. If the members die
without paying any installments, BASTOB provides full benefit to the members’ family. The borrowers
have to pay Tk. 10.00 per thousand before the disbursement of the loan as premium for insurance.
BASTOB recovers the risk of 100% unpaid loan amount of the first and second loanee. During the year
2015-2016 and 2016-2017, we collected the total premium of Taka 5,016,577.00 and 14,530,250.00 and
paid as
17
claim in 2015-2016 Taka 1,521,327.00 and Taka 69,733,335.00. At the end of the fiscal year 2016-2017
the accumulated fund was Taka 18,391,315.00.
e) Awareness Building and Capacity Development

BASTOB organized various awareness building sessions on topics such as health, education, dowry, safe
labour migration, WatSan, etc. The leaders of the Samity were provided a-day-long leadership training,
and they are the ones who conducted the training.
18
Case Study
Serendipity happened to
Jahid through patience and
persistence
With the assistance of BASTOB,
the kitchen-tool maker Mohammad
Jahidul Islam, of Atibazar
village-market, Keraniganj, crossed
the high way of struggle and stepped
in the International Trade Fair
Dhaka 2017. We call it serendipity
because although we (BASTOB)
partnered with Jahid for three years
only, his patience and persistence
made him a champion. People
including many BASTOB-members
were astonished and widened their
eyes seeing Jahid in his own shop in
the Trade Fair.
It was incredible even to the

BASTOB-staff when Jahid
explained his plan to display his
tools in the Trade Fair but finally
it became true. We are proud of
Jahid because of his belief in
self-development. From a tiny
thatched shed in a village market
Jahid built a small household tools
industry at Atibazar (Keraniganj,
Dhaka), where 32 persons are
working in the factory. On the
other hand 24 persons are engaged
for marketing and sales promotion
all over the country. Jahid’s
dream, proper use of fund and
management skills brought him
this outstanding success through a
loan of Taka five hundred
thousand only.
BASTOB analysis shows that Jahid was

able to adapt SMART (S-specific;
M-measurable; A-achievable; R-relevant;
T-time bound) goal which he learnt from
BASTOB trainings. It would not be too
much to say that Jahid’s success stands
for BASTOB’s vision.
19
SOCIAL DEVELOMENT PROGRAMME
20
B.1. Education Programme
B.1.1. Sultan –Sofa Pathshala
This preschool was started for slum cildren in 1980. It was named Sultan-Sofa Pathshala in honor of the
famous artist Sultan and the renowned writer Ahmed Sofa because of their love for disadvantaged children.
NETZ- Bangladesh supported the school till 2009. Afterwards BASTOB changed the shape of the Pathshala
and moved it from Dhaka city to the rural part of Dhaka and to Cox’s Bazar. Now, this school nurtures children
between the ages of 4 and 6 years so that they can get admission in government primary schools. This school
provides basic education and teaches values, behaviour and hygiene practices.
From July 2015, BASTOB has been running 8 of these schools: 5 in Dhaka and 3 in Cox’s Bazar for a total of
240 children. Now in Cox’s Bazar there are 5 such schools called non-formal pre-primary schools. In each
school, one female teacher is assigned to facilitate the day to day activities of the class for a period of 3 hours
daily. The children are given clothes and books at the start of classes.
21
B.1.2. SU-CHALA- “Save Urban Children from Hazardous jobs and
Assistance for Linking with the Academy”
Introduction: Su-chala has completed its 6 years for working with working children. At present 32 boys
and girls are getting stipends. Each student gets Tk. 500/- per month for study-contingency and yearly Tk.
800/- for school dress and books. Children are selected from BASTOB’s project area and mostly from
Keraniganj and Uttara Thana of Dhaka district. Women headed poor families are considered as a potential
stakeholder of this project.
The major objective of Su-chala is to ensure basic Four teacher-guardian meetings : Were
education for the poor working children. held to discuss various issues related to the children’s
Su-chala in 2017: The number of total students study, behavior, health and role of the parents. Local
was 32 (15 girls and 17 boys). At the school in government officers, such as UNO and Upazila
Uttara, four students passed class Five. Two students Education officer, encouraged the guardians, and
were not promoted to next class at Kholamora and at BASTOB’s staff was present in these meetings.
Ruhitpur, one girl (Khudeja Akter) could not Su-chala project created an opportunity for the poor
continue because of her mother’s migration to vulnerable working children to continue their studies
another place. in the schools. The under privileged poor boys and
In this year, 31 students appeared at the final examination. girls proved their worth by obtaining positions of
26 students passed and 5 failed. In the coming year, 12 talent in exams. Duranto Modak from Kholamora,
students will be replaced. BASTOB adopted the Keraniganj got GPA 5 and Arnob Ghosh got 2nd
replacement policy to keep the schools standard on track. place in the final exam. Su-chala opened windows of
Replacements are done according to the student’s
irregular attendance and examination failure. new dream to the working children.
22
Case Study
Success Kissed the Boy
Su-chala lighted the candle of hope before Belboron Modak who finally passed PSC. The 8 year old
malnourished boy of a poor family from the village Shikaritola in Keraniganj Upazila did not ever dream of
going to school and never thought of shaping his life any differently than the poverty stricken disadvantaged
society which he belonged to near the shade of Dhaka Mega city.
Father Nifal Modak and mother Salona Rani did not even dare to dream to educate their son at all. They
surrendered to the prevailed condition of practical life of wants and sufferings. When earning daily bread is a
challenge every morning, children’s education is no longer a priority. Children will also work in factories,
workshops and streets for survival as well as to support their sick fathers and unhealthy mothers. This is their
life and this is the reality of hundreds, of thousands.
However, in this world of changing societies, sometimes, something happens somewhere, which attracts our
attention and creates hope for living in the ocean of disadvantages. Master Modak’s successful completion of
PSC exam with Su-chala school and stipend is such an example.
Belboron Modak continued his studies with Su-chala stipend for five years and finally success kissed him.
Master Modak now dreams for further studies and better income for his family. His parents are convinced to
believe that there is still hope in life. They say that patience and hard labour are very essential to stay well and
to shape children’s life.
When Mr. Nifal Modak was talking to BASTOB’s Brach Manager after the publication of his son’s PSC result
in 2017, he was smiling with happiness and beaming with pride, putting his right hand on the shoulder of
Belboron. He said people need to look around for opportunities and should grab it for changing their lives. He
meant BASTOB’s Su-chala and how it brought success to his son.
The Modak family is extremely grateful to BASTOB. At the same time BASTOB is also proud of Master
Modak
B.1.3. Ashar-Alo Education support to the poor and meritorious children so that
Development Project for Poor they can continue their studies. The duration of this
Children. second phase is from July 2011 to December 2017.
Germany is providing financial support for this
This is a scholarship Programme implemented in project.
Barisal district. The main aim is to provide financial
23
During the year 2016-2017 a total of 175 children got scholarships under this programme.
B.1.4. Goethe-Tagore Academy (GTA)

Goethe-Tagore Academy is a joint venture of BASTOB and
DEUTSCH-BENGALISCHE KINDERHILFE (DBK).
The aim of this project is to maintain a socio-culturally
acceptable standard learning programme.
The academy helps students learn specific lessons

during school hours, so that they don’t have pressure
of home works. This academy believes that teachers’
active cooperation will make the students’ basic
education strong and will open the windows of bright
future.
24
The school started in 2013 with 24 students. In the Two-6, Class Three-3). Majority of the parents are
year 2017, the enrolment rose up to 71 (Play garment workers, security guards, house maids, small
Group-19, Nursery-24, KG-8, Class One-11, Class shop keepers, rickshaw pullers, vegetable sellers, etc.
B.1.5. Non-Formal Primary B.2. Primary Health Care

Education Programme Support Project
BASTOB started 25 non-formal primary schools in Introduction: BASTOB has successfully completed
Chakaria Upazilla in Cox’s Bazar district with the its 6th year of Health Service Center Project with the
partnership of BRAC. In each school there are 30 help of Anukul Foundation. The aim of the project is to
students. In 15 schools, each student pay tuition fee ensure basic health education and primary treatment of
of Tk. 135/- per month and Children of 10 Schools microfinance group members and their family
are studying at free of cost members.
BASTOB believes that Microfinance Project is not
only to address the financial need of the members but
also to address their various social needs, especially
health and education. Now-a-days, people of this
area are more conscious of their children’s health,
taking care of pregnant women and meeting their
doctors on time.
25
Objectives of the Project:
• To address the primary health care need of the
BASTOB microfinance member as well as their
family members.
• To reduce the family disease of Microfinance
members and local community by providing
health awareness education and basic treatment.
Activities carried out during the year:
Support for Children:
BASTOB provided treatment support to the children
having general diseases which are managed by
Paramedic Doctors. However, a MBBS visiting
doctor provides services twice a month to the
stakeholders of BASTOB. During this reporting
year, 1174 (682 group members + 492 non-group
people) children got basic health treatment. community. BASTOB is focusing mainly on
General treatment of Women: preventive health care support. To make them aware,
regular group meetings are held by the paramedic
In this reporting year, 5981 (4963 group + 1018 doctor and health workers. They move around the
non-group) women received basic treatments from working areas and conduct group meetings to make
BASTOB health service centre. Women are found to
be mostly suffering from blood pressure, physical them aware on various health issues. A total of 131
weakness, cough and cold, fever, skin disease and group meetings were conducted during the reporting
pregnancy related problem. period. In those group meetings basic health
education was given regarding cleanliness, Mother
Prenatal Care Service: and Child Healthcare, food and nutrition, water and
During this reporting period, 1387 (970 group + 417 sanitation, HIV-Aids, etc. About 1592 group
non-group) women received prenatal care service members received this health education during the
from BASTOB health service centre. reporting period.
Treatment during Pregnancy: Number of Patients Referred to Hospital:
A total of 454 pregnant women received basic All the critical patients, who come to BASTOB
treatment during their pregnancy period from health center, are referred to the nearby hospital to
BASTOB health service centre. Out of 454 pregnant ensure their necessary treatments. A very good
women, safe delivery was conducted to 90 women at linkage is established with the local private and
home, 70 normal deliveries at hospital and 40 government hospital to ensure better treatment.
Cesarean section deliveries at hospital. Till the BASTOB ensured 25% discount from the hospitals
reporting period, 110 pregnant women continuously for the referred patients. A total of 65 serious patients
came to BASTOB health service centre for regular were referred to the hospital during the reporting
checkup. period.
Post Delivery Care services: Support of MBBS Doctor:
Post-delivery treatment was provided to 475 (299 Twice a month, the hired MBBS doctor provides
group + non-group) women patients. They also
received basic health education on proper caring of treatment and advice to the patients who are living
new born babies. around BASTOB office in Badaldi, Uttara. A total of
588 patients received direct treatment support from
Support for Male Patients: the MBBS doctor.
This year, a good number of male patients came to Distribution of Medicine to Pregnant Women:
BASTOB health service centre to receive treatment.
A total of 1403 male patients received the treatment All the pregnant women, who visited BASTOB
support during the reporting period. Most of them health service centre for their regular checkup,
were the direct members of Microfinance Program received iron and calcium tablets on a regular basis.
and they were living around the office. The main Considering the iron and calcium deficiency of the
diseases of male patients were found to be high blood pregnant women, these tablets were provided to all of
pressure, cough and cold, fever, headache, stomach them free of cost. 176 pregnant women received
pains, waist pain, diabetes etc. 6,545,455 Calcium tablet and 6,545,455 Iron tablet.
A total of 249 pregnant women got treatment from
Health Education to Local Community: BASTOB. Of them, 50 had normal deliveries at
One of the most important tasks of this project is to home, 52 had normal deliveries at hospital and 11
provide health awareness support to the local had Cesarean section deliveries.
26
Case Study
Shikha Got a Healthy Baby
Little incidents, which we often ignore, may be the most memorable episodes of life. Six months after her child
birth, Shikha came to greet her physician Dr. Nilufar Kamorej Jaha at BASTOB Health Service Centre with
her little baby. She could not talk much in the midst of her smiles and tears except for saying, ‘Thank you Apa.
I will never forget your service and BASTOB’s assistance.’
This is Mrs. Shikha Rani Sarker (24) of Narayanganj who got married to Mr. Prohallad Sarker living in Tafalia
Badaldi, Uttara. With a view to help her husband in his business, Shikha joined BASTOB’s microfinance
group and thus came in contact with BASTOB’s Health Service Centre.
In spite of her group activities, Shikha smartly took care of her own health. She was careful about her expected
baby. She did not hesitate to visit BASTOB’s paramedic and the doctor as well for a safe child birth. She
followed the doctor’s advice sincerely and also took iron and calcium tablet regularly. Though she did not have
normal delivery, yet she gave birth to a healthy baby through Cesarean section delivery. She is happy.
Because of her sincere group activities and for being a caring woman, she is well-respected by BASTOB
programme workers and she received Tk. Two thousand from BASTOB to meet her delivery costs. She
renders her gratitude to BASTOB for this assistance.
Shikha Rani is now ambassador of BASTOB’s health programme.
B.3. Vulnerable Group Development fraudulence, complexity and various hassles in their
migration process. In order to reduce these problems
(VGD) Programme: of labor migrants, some development organizations
This is a new project started in January 2017. This is are active in Bangladesh. In this backdrop, BASTOB
fund provided by Ministry of Women Affairs. The has been implementing programmatic interventions
working areas are Savar and Dhamrai Upazillas of in different areas of Bangladesh, for the last couple
Dhaka District. The number of total programme of years, to ensure safe labour migration.
participants is 2649. BASTOB assigned two senior BASTOB started one project in 2007 and `completed
staffs in two upazillas to implement the project it by 2013. Right now the ongoing 39-month project
activities efficiently with the assistance of other “Making Migration Better for the Labor Migrants in
assigned staffs. Bangladesh (MMBLMB)” is attracting a lot of
response in Keraniganj, Nawabganj and Dohar
Upazillas of Dhaka district. The main goal is to
improve the security and livelihoods of the labour
migrants in Bangladesh.
To achieve the goal, capacity of the potential
migrants was increased by providing necessary
information on migration process, developing
occupational skills and influencing different
government institutions for a safer migration process.
BASTOB helps building linkage with technical
training center for creating skill labor force and
ensuring safe migration with proper passport, VISA,
job contact, BMET registration and training.
B.4. Making Migration Better
for the Labour Migrants in
Bangladesh (MMBLMB)
Labour migration is currently the source of income
for over 10.04 million labour migrants and their
families in Bangladesh. However, the absence of
adequate regulatory and supportive framework limits
the benefits and increases the risk of exploitation by
unscrupulous intermediaries and labour recruiting
agencies. It is recognized that international labour
migrants of Bangladesh have been suffering from
27
B.5. Enhancing Resources and included in the programme to empower them to take
charge of their destiny. Hence, it is important that the
Increasing Capacities of Poor people themselves are fully committed to shaping
their own future, reaching a level of humanly
Households towards Elimination dignified living. Awareness-raising among the
of Their Poverty (ENRICH) people is, therefore, an important ENRICH-activity
to help the people to make that commitment and
Enhancing Resources and Increasing Capacities of work accordingly.
Poor Household towards Elimination of their The specific objectives of the ENRICH are to: 1.
Poverty (ENRICH) is an integrated pilot project Attain total development of each household as well
which started in July 2014 with the support of PKSF. as the whole community participating in ENRICH; 2.
The ENRICH has been uniquely designed to target Ensure freedom from all ‘un-freedoms’ and human
such issues towards ensuring household-based dignity for all members of all households under
sustainable development. The ENRICH aims to ENRICH; 3. Empower the poor households so that
facilitate the best utilization of the existing they can pursue a pathway that would lead them
capabilities and resources of the poor households towards the goal of human freedom and dignity; 4.
and, at the same time, help enhance both their Ensure access of all participants in ENRICH to all
capabilities and resources in order to enable them to capacity enhancing activities such as education, skill
come out of poverty and move ahead towards a life training, and health services; essential institutional
of human dignity. By working with the households in facilities; appropriate financing for their chosen
association with the local government and other economic undertakings; necessary market and other
committed service providers, the ENRICH catalyses information; appropriate technologies; and so on.
the households’ efforts to lift themselves out of
The project is being implemented in Shilkhali Union
poverty. The overall goal of the ENRICH is to ensure of Pekua Upazilla in the District of Cox’s Bazar. The
human dignity and freedom by gradually reducing programme seeks to end poverty of 3805 households
poverty in a sustainable manner, towards total from 33 villages of Shilkhali Union where 17930
elimination of poverty and beyond poverty people are living. BASTOB has been working with
sustainable development at the household level in the those poor household members in association with
unions under the programme. The vision is that the the local government and other committed
goal would eventually be achieved for all citizens of stakeholders to help them lift themselves out of
the country. Specifically, a key objective is to unlock poverty, so that they can bring changes in their
the latent potentials of the poor and to encourage and socio-economic condition by themselves. The
assist them in improving their socio-economic status. project deployed 41 staff members which include 1
The underlying dynamics of ENRICH are that the Union Coordinator, 1 health assistant, 8 health
PKSF, the PO, the Union Parishad and other sebika, 1 education supervisor and 30 school
concerned service providers work with the people teachers for overall development of the union,.
28
The major activities:
Sl. Reporting Year Cumulative
2016-2017 Achievement
No Particulars Target Achievement
A Health Programme
1 Health Card Sale 2,100 1,165 2,080
2 Organized 192 196 544
Static Clinic
3 Service provided 1,920 1,881 4,254
to the members
4 Organized 48 43 106
Satellite Clinic
5 Provided Service 1200 1,628 3,106
to Members through
Satellite Clinic
6 Organized 4 4 10
Health Camp
7 Provided Service 600 515 1,013
to Members through
Health Camp
8 Organized 1 3 5
Eye Camp
9 Provided Service 150 198 447
to Members
Through eye Camp
10 Health Awareness 384 317 659
Raising Meeting
11 Diabetes Check up 300 246 549
12 Distribution of 1500 0 0
Poster/Leaflet on
Health Services
B Education
Programme
1 Number of 20
Villages with
Education Centre
2 Running 30
Education Centre
3 Students M-399 815
F-416
4 Average 85%
Monthly Present
5 Guardians Meeting 30
C Microfinance
Programme
1 Loan Disbursement 107.86 107.86
(in 00000 Taka)
2 No of Loans 518 518
disbursed
3 Loan Outstanding 58.31 58.31
(in 00000 Taka)
4 No of borrowers 291 291
5 Total Savings 23.23 23.23
(in 00000 Taka)
6 Total No of savers 518 518
29
C. ORGANIZATION DEVELOPMENT
30
C.1. Staff Development:
Staff development is a continuous effort of BASTOB. This year following courses were
focused to update staff efficiency:
• Micro enterprise management and lending
• Micro enterprise development
• Savings and Credit management
• Accounts management
• TOT
• amics.
A total of 77 staff members were offered training this year.
C.2. Computerization of Accounts and Microfinance Programme:
Accounts and management information system of all the branches and the head office of BASTOB are
maintained by Grameen Solution software. Till March 2016, the software was offline/desktop based. From April
2016, online process was started and since June 2017 all the branches have been using the online software.
C. 3. Governing Board’s Activity in 2016-2017:

The new Governing Board for the period 2017-2020
was formed on 20th May, 2017. Mr. Maniruzzaman
Miah, Executive Director of Anando acted as Election
Commissioner This time five new members were
included in the Board. During the year, the new
Governing Board played a very supportive role. Some
of the activities of the Governing Board are as follows:
Five Governing Board meetings were held during the
fiscal year 2016-2017 where most of the members
were present. BASTOB policies such as service
rule, credit policy, financial management policy
were reviewed and upgraded and new activities were
undertaken as per decision of the board.
31
D.ORGANISATIONAL CONSOLIDATED
AUDIT REPORT 2016-2017 AND FINANCIAL
STATEMENTS
32
BASTOB-Initiative for People's Self-Development
Consolidated Accounts
Statement of Cash Flows
As at 30 June, 2017
Annexure-A1/5
Amounts in BDT
A CASH FLOW FROM OPERATING ACTIVITIES: 2016-2017 2015-2016
Surplus for the period 32,215,824 21,563,962
Prior year adjustment - -
Add: Amount considered as non cash items:
Loan loss provision (20,000) 389,723
Depreciation for the year 844,267 (793,267)
Sub-Total of non cash items 824,267 (403,544)
Loan disbursed to Members 330,750,535 266,261,501
Increase/decrease in staff loan (1,922,476)
Increase/decrease in interest receivables - -
Increase/decrease in loan to Project unspent - -
Increase/decrease in advance deposit & prepayment 373,622 (7,448,703)
Other Investment - -
Increase/decrease in Provision for Expenses - -
Sub-Total of non cash items 331,124,157 256,890,322
Net Cash used in Operating Activities (298,084,066) (235,729,904)
B Cash Flows from Investing Activities:
Acquisition of Property, Plant and equipment (10,965,768) 7,256,676
Investments 60,958,988 (13,325,546)
Net Cash used in Investing Activities 49,993,220 (6,068,870)
C Cash flows from Financing Activities:
Loan received from PKSF & Others 260,146,401 164,636,270
Members savings deposits 105,653,610 84,982,959
Loan risk Fund 5,409,296 463,532
Staff Provident Fund - (5,498,313)
Staff Gratuity Fund - (17,262,558)
Staff Security Fund (5,000) (4,515,406)
Staff Family Security Fund (SFSF) - (5,000)
Provision for Expenses - (939,490)
Project unspent Fund (16,467,244) 63,290
Revaluation Reserve Fund (1,201,640)
Net Cash used in Financing Activities 354,737,063 220,723,644
D Net Increase/decrease (A-B+C) 6,659,777 (8,937,390)
Add. Cash and Bank Balance at the beginning of the year 12,425,351 21,362,741
Cash and Bank Balance end of the year 19,085,128 12,425,351
Prof. Dr. Md. Golam Samdani Fakir Ruhi Das Md. Jamal Hossain
Chairperson Executive Director Director Admin.
Signed in terms of our report of even date annexed.
Dated: The Dhaka M.M Rahman & CO.

th
Date: 14 September, 2017 Chartered Accountants
33
FACT AND KEY FIGURE OF BASTOB MICROFINANCE PROGRAMME
Particulars: Amounting in TK
Financial Year
2012-13 2013-14 2014-15 2015-16 2016-2017
A. Institutional Profile
Number of Districts 6 6 8 9 9
Number of Upazilas 12 12 24 25 24
Number of Unions 34 34 59 92 94
Number of Villages 235 235 357 778 940
Number of Branches 10 10 18 33 33
Number of Loan 8,131 7,695 11,429 22,582
Total Personnel 71 71 96 166 207
Total Collection Personnel 38 38 53 106 124
Number of Clients 11,576 10,665 14,497 26,951 24,995
Number of Active borrowers 9,170 8,739 11,171 21,744 17,723
Brower/Client ratio 79.22% 81.94% 77.06% 80.68% 70.91%
B. Savings Portfolio (BD Taka)
Yearly Savings Deposit 48,067,973 55,763,460 90,844,530 164,459,082 29,0776,894
Cumulative Savings Deposit 226,538,722 282,302,182 373,146,712 537,605,794 867,190,815
Interest on savings 3,160,069 3,811,192 4,149,240 8,950,044 12,779,087
Yearly Savings Withdrawals 37,649,148 42,934,347 64,394,520 79,476,123 185,123,284
Savings Portfolio 67,393,623 80,222,736 106,672,746 191,655,705 297,309,315
Savings Portfolio Growth 15.46% 15.99% 24.80% 44.34% 55.13%
Savings Portfolio to Total Assets 27.70% 29.69% 29.07% 29.92% 28.66%
Savings Portfolio to Loan Portfolio 40.92% 43.77% 39.12% 35.56% 34.18%
C. Loan Portfolio (BD Taka)
Yearly Loan Disbursed 289,768,000 320,388,000 467,246,000 891,518,000 1,325,369,000
Cumulative Loan Disbursed 1,482,367,000 1,802,755,000 2,270,001,000 3,161,519,000 4,487,898,000
Yearly Loan Recovered 286,484,878 301,803,642 377,824,012 625,256,499 994,618,465
Cumulative Loan Recovered 1,317,664,443 1,619,468,085 1,997,292,097 2,622,548,596 3,618,177,061
Loan Portfolio 164,702,557 183,286,915 272,708,903 538,970,404 869,720,939
Loan Portfolio Growth 2.03% 11.28% 48.79% 97.64% 61.37%
D. Assets & Liabilities
Total Assets 243,326,740 270,204,265 366,908,671 640,639,239 1,037,546,733
Total Liabilities 215,666,818 235,222,638 316,776,078 568,942,684 909,820,554
Total Equity 27,659,922 34,981,627 50,132,593 71,696,555 95,332,351
Liquidity 51.82% 42.39% 37.39% 23.13% 28.63%
E. Sustainability/ Profitability
Return on Equity (ROE) 19.97% 9.98% 32.30% 34.94% 30%
Return on Assets 2.21% 1.22% 4.31% 4.22% 9.10%
Financial Self-Sufficiency 105.76% 101.83% 123.27% 118.33% 114%
Operating Self-Sufficiency 116.33% 108.96% 131.90% 126.61% 117%
F. Portfolio Quality
On Time Recovery Rate (OTR) 99.62% 98.92% 97.04% 97.26% 98.96%
34
Portfolio at Risk 3.40% 3.29% 3.19% 1.75% 1.35%
G. Assets/ Liability Management
Yield on Gross Portfolio 22.70% 21.69% 24.10% 24.38% 22.04%
Current Ratio 1.34 : 1 1.29 : 1 0.65 : 1 1.21 : 1 1.29:1
Annual Growth to Total Assets 14.64% 11.05% 35.79% 74.60% 61.95%
H. Leverage
Debt to Equity 7.20 : 1 7.43 : 1 6.96 :1 8.50 : 1 9.54:1
Debt Service Coverage Ratio 1.07 1.04 1.13 1.06 2.90:1
Equity as Percent of Total Assets 12.12% 12.29% 13.66% 11.19% 9.19%
I. Efficiency/Productivity
Credit Officer (CO) Productivity 38 38 53 106 124
Credit Officer (CO) Loan BDT 4,334,278 4,823,340 5,145,451 5,084,626 7,013,879
Credit Officer (CO) Savings BDT 1,773,516 2,111,125 2,012,693 1,808,073 2,397,656
Loan Disbursed Per Credit Officer (CO) 7,625,474 8,431,263 8,815,962 8,410,547 10,688,460
Average Disbursement Loan Size (BDT) 35,637 41,636 40,882 39,479 75,241
Average Outstanding Loan Size (BDT) 20,256 23,819 23,861 23,867 49,073
Cost of per Loan Made (BDT) 4,084 4,810 3,796 3,592 7,172
Income of per Loan Made (BDT) 4,849 5,241 5,007 4,548 8,814
Cost of per Money Lent Tk.1.00 (BDT) 0.11 0.12 0.09 0.09 0.10
Financial Summary
Revenue Income 2015-2016, and 2016-2017
Particulars 2015-2016 Percentage 2016-2017 Percentage

Taka (%) Taka (%)
Service Charge Income 96,224,519 90.54% 150,897,006 91.10%
Donors’ Grant 5,183,489 4.88% 10,377,716 5.58%
Bank Interest 3,786,488 3.56% 4,001,721 2.41%
Other Income 1,084,802 1.02% 364,041 0.91%
Total 106,279,298 100.00% 165,640,484 100.00%
Revenue Income 2015-2016 Revenue Income 2016-2017

2.41%
3.56% 1.02% 5.58% 0.91%
4.88%
90.54% 91.10%
Service Charge Income Donors’ Grant Bank Interest Other Income Service Charge Income Donors’ Grant
Bank Interest Other Income
35
Revenue Expenditure 2015-2016, and 2016-2017
Particulars 2015-2016 Percentage 2016-2017 Percentage
Taka Taka (%) (%)
Financial Expenses 28072810 31.66% 51,480,434 33.61%
Salaries and Allowances 39076923 44.07% 53,443,630 34.89%
Operating Expenses 15847230 17.87% 13,797,601 9.01%
Project expenses 2449226 2.76% 26,844,960 17.53%
Loan Loss Provision Expenses 3233500 3.65% 7,609,890 4.97%
Total 88,679,689 100.00% 153,176,515 100.00%
Revenue Expenditure 2015-2016 Revenue Expenditure 2016-2017

3.65% 4.97%
2.76%
17.87% 31.66% 17.53% 33.61%

9.01%
44.07%
34.89%
Financial Expenses Salaries and allowances Financial Expenses Salaries and allowances
Operating Expenses Project expenses Operating Expenses Project expenses
Loan Loss Provision Expenses Loan Loss Provision Expenses
Source of Funds/Grants Composition (Donor Wise) 2015-2016, and 2016-2017

Particulars 2015-2016 % 2016-2017 %
Taka Taka
Retained Surplus 71,696,555 10.43% 103,912,379 9.65%
Members Savings Fund 191,655,705 27.88% 297,309,315 27.62%
PKSF 127,849,998 18.60% 180,316,663 16.75%
Commercial Banks 197,900,000 28.79% 407,700,711 37.87%
Anukul Foundation 33,693,252 4.90% 23,893,865 2.2%
Others Fund 50,003,463 7.27% 63,378,909 5.89%
Total 687,377,696 100% 1,086,889,558 100.00%
Source of Fund 2015-2016 Source of Fund 2016-2017

2.12% 7.27% 10.43%
0.95% 5.83% 9.56%
4.90% 2.20%
27.88% 27.35%
28.79% 37.51%
16.59%
18.60%
Retained Surplus Members Savings Fund PKSF Retained Surplus Members Savings Fund PKSF
Commercial Banks Anukul Foundation Donors Fund Commercial Banks Anukul Foundation Donors Fund
Others Fund Others Fund
36
Landmark Sensation (Level-01) TEL : +880-2-48110189
M. M. RAHMAN & CO. 17-18, Mirpur Road, Shyamoli CELL:01775-889878
SINCE 1958 CHARTERED ACCOUNTANTS Dhaka-1207, Bangladesh. E-mail:rikhan@agni.com
M. Obaidur Rahman, FCA m.mrahman58@yahoo.com
Rafiqul Islam Khan, FCA www,mmrahmanbd.com
Md. Shah Alam Mridha, FCA
Independent Auditor’s Report
To The Members of General Body of
BASTOB Initiative for People’s Self-Development
We have audited the accompanying financial statement of BASTOB Initiative for People’s Self-
Development, which is comprised of the Statement of Financial Position as at 30th June 2017 and the
Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, for
the year then ended 30th June 2017 and a summary of significant accounting policies and other
explanatory notes.
Management Responsibility for the Financial Statement
BASTOB Initiative for People’s Self-Development Management is responsible for the preparation
and fair presentation of these financial statements in accordance with Bangladesh Financial Reporting
Standards (BFRS)/Bangladesh Accounting Standards (BAS), and for such internal control as
management determines is necessary to enable the preparation of financial statements that are free from
material misstatement.
Auditor’s Responsibility
Our responsibility is to express an independent opinion on these financial statements based on our audit.
We conducted our audit in accordance with International standards on Auditing (ISA), as adopted by
the Institute of Chartered Accountants of Bangladesh (ICAB), those standards require that we plan and
perform the audit to obtain reasonable assurance whether the financial statements are free from material
misstatement. An audit includes examining on a test basis evidence supporting the amounts and
disclosures in the financial statements and whether due to fraud or error; selecting and applying
appropriate accounting policies; and making accounting estimates that are reasonable in circumstances.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of
BASTOB Initiative for People’s Self-Development as at 30th June 2017 and its financial performance
and its cash flows for the year then ended in accordance with Bangladesh Financial Reporting Standards
(BFRS) and other applicable laws and regulations including MRA guidelines.
We also report that

• We have obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit and made due verification thereof;
• In our opinion, proper books of accounts as required by law and MRA Act and Rule have been
kept by the organization so far as it appeared from our examination of those books;
• In our opinion, the Statement of Financial Position and the Statement of Comprehensive
Income, Statement of Receipts and Payments, Statement of Cash Flows, Statement of Changes
in equity dealt with by the report are in agreement with the books of accounts.
Date: 14th September, 2017 M.M. Rahman & Co

Chartered Accountants
Foreign Affiliate Firm : But Do Yeung C.P.A. Limited, 340 Queen’s Road Central, 18/F, Rooms No.1801-5
Hua Qin International Building, Hong Kong. www. butdoyeungcpa.com
37
BASTOB - Initiative For People's Self Development
Statement of Changes in Equity
As at June 30, 2017
Amounts in BDT
Particulars
Surplus Reserve Fund LLP DMF Total
Balance as on 30.06.2016 59,761,024 6,640,114 5,295,417 - 71,696,555
Add: Surplus during the year 28,931,213 - - - 28,931,213
Add: Proir Year Adjustment - - 3,284,611 - 3,284,611
Add. Interest of DMF - - - - -
Add: Transfer from Surplus - - - - -
Add: Provision during the year - - - - -
Sub-Total 88,692,237 6,640,114 8,580,028 - 103,912,379
Less: Transfer to Reserve Fund (2,893,121) 2,893,121 - - -
Balance as on 30.06.2017 85,799,116 9,533,235 8,580,028 - 103,912,379
Balance as on 30.06.2015 40,335,201 4,481,689 2,640,145 2,675,558 50,132,593
Add: Surplus during the year 18,811,544 - - - 18,811,544
Add: Proir Year Adjustment - - 2,655,272 - 2,655,272
Add. Interest of DMF - - - 58,146 58,146
Add: Transfer from Surplus 2,772,704 - - - 2,772,704
Add: Provision during the year - - - 39,000 39,000
Sub-Total 61,919,449 4,481,689 5,295,417 2,772,704 74,469,259
Less: Transfer to Reserve Fund (2,158,425) 2,158,425 - 2,772,704 2,772,704
Balance as on 30.06.2016 59,761,024 6,640,114 5,295,417 - 71,696,555
As per Micro Credit Regulatory Authority (MRA) letter No. Memo. MRA/Circular Letter No. Regu-17, dated
08/5/2013; equity fund will be the cumulative Surplus, Restricted Reserve Fund and 1% Reserve Fund
against standard loan. For this reason equity Fund rectified this year.
Chairperson Director Executive Director Admin.
Date: The Dhaka M.M. Rahman & Co

The 31 January, 2017 Chartered Accountants
38
Consolidated Statement of Financial Position
As at 30 June, 2017
Annexure-A1/2
Accounts in BDT
Particulars Notes
2016-2017 2015-2016
Non- Current Assets:
Property, Plant and Equipment 6.00 25,655,964 36,621,732
Less Accumulated Depreciation 6.01 2,075,556 1,231,289
Net Property Plant & Equipment 23,580,408 35,390,443
Investment 7.00 109,196,238 48,237,250
Total Non-Current Assets 132,776,646 83,627,693
Current Assets:
Loan to Members:
Small Business Sector 8.01 144,607,286 202,954,066
Services Sector 8.02 33,018,991 26,735,734
Processing Sector 8.03 6,577,015 7,274,637
Agriculture Sector 8.04 685,517,647 302,005,967
Total Loan to Clients 869,720,939 538,970,404
Accounts Receivable-Advance 9.00 18,815,699 18,442,077
Project Unspent Fund 10.00 18,056,715 1,589,471
Cash in hand 11.00 1,104,596 420,355
Cash at Bank 12.00 17,980,532 12,004,996
Total Current Assets: 55,957,542 32,456,899
Total Properties and Assets 1,058,455,127 655,054,996
Capital Fund:
Cumulative Surplus 13.00 85,799,116 59,761,024
Reserve Fund 14.00 9,533,235 6,640,114
Loan Loss Reserve Fund (Good Loan) 15.00 8,580,028 5,295,417
Total Capital Fund: 103,912,379 71,696,555
Non- Current Liabilities:
Accounts Payable 16.00 635,452,120 375,305,719
Staff Security Fund 17.00 26,369 31,369
Total Non- Current Liabilities 635,478,489 375,337,088
Current Liabilities:
Members Savings Deposit 18.00 297,309,315 191,655,705
Loan risk Fund (Members' Welfare) 19.00 18,391,731 12,982,435
Loan Loss Reserve Fund 15.00 3,363,213 3,383,213
Total Current Liabilities 319,064,259 208,021,353
Total Capital Fund & Liabilities 1,058,455,127 655,054,996

39
Consolidated Accounts Annexure A1/3
Statement of Profit or Loss and Other Comprehensive Income
For the year ended June 30, 2017
Accounts in BDT
Particulars Nots
2016-2017 2015-2016
Income
Microfinance Income Sch- 155,262,768 99,931,090
02
Donation & Grants
Foreign Part
Sch- 1,121,425 799,700
02
Country Part
9,256,291 5,548,508
Total Income
165,640,484 106,279,298
Expenditure
Microfinance
126,331,555 81,119,546
Goethe-Tagore Academy Project
1,001,147 882,100
BRAC Education Project (ESP)
2,154,183 449,128
Anukul Foundation Su-chala Project
272,071 281,843
Anukul Foundation Health Project
324,918 306,325
BASTOB Asar Alo Education Development for Sch-
Poor Children of Bangladesh (BAEDPCB) 02 212,293 327,238
Making Migration Better for the Labour
Migrants in Bangladesh(MMBLMB) 1,245,909 1,981,992
PKSF ENRICH Project
5,022,052 2,258,737
BASTOB General Account
16,612,387 836,501
Skill Development Project for the Climate Change
Victims - 3,527
Climate Change Project
- 232,752
Total Expenditure
153,176,515 88,679,689
Microcredit Surplus
28,931,213 18,811,544
Project Unspent/Overspent Fund
(16,467,244) (1,211,935)
Total
165,640,484 106,279,298

40
M. M. RAHMAN && CO.
Chartered Accountants

Statement of Cash Flows
As at 30 June, 2017
Annexure-A1/5
Amounts in BDT
A CASH FLOW FROM OPERATING ACTIVITIES: 2016-2017 2015-2016
Surplus for the period 32,215,824 21,563,962
Prior year adjustment - -
Add: Amount considered as non-cash items:
Loan loss provision (20,000) 389,723
Depreciation for the year 844,267 (793,267)
Sub-Total of non-cash items 824,267 (403,544)
Loan disbursed to Members 330,750,535 266,261,501
Increase/decrease in staff loan (1,922,476)
Increase/decrease in interest receivables - -
Increase/decrease in loan to Project unspent - -
Increase/decrease in advance deposit & prepayment 373,622 (7,448,703)
Other Investment - -
Increase/decrease in Provision for Expenses - -
Sub-Total of non-cash items 331,124,157 256,890,322
Net Cash used in Operating Activities (298,084,066) (235,729,904)
B Cash Flows from Investing Activities:
Acquisition of Property, Plant and equipment (10,965,768) 7,256,676
Investments 60,958,988 (13,325,546)
Net Cash used in Investing Activities 49,993,220 (6,068,870)
C Cash flows from Financing Activities:
Loan received from PKSF & Others 260,146,401 164,636,270
Members savings deposits 105,653,610 84,982,959
Loan risk Fund 5,409,296 463,532
Staff Provident Fund - (5,498,313)
Staff Gratuity Fund - (17,262,558)
Staff Security Fund (5,000) (4,515,406)
Staff Family Security Fund (SFSF) - (5,000)
Provision for Expenses - (939,490)
Project unspent Fund (16,467,244) 63,290
Revaluation Reserve Fund (1,201,640)
Net Cash used in Financing Activities 354,737,063 220,723,644
D Net Increase/decrease (A-B+C) 6,659,777 (8,937,390)
Add. Cash and Bank Balance at the beginning of the year 12,425,351 21,362,741
Cash and Bank Balance end of the year 19,085,128 12,425,351

41
BASTOB Branch Offices
No Name of Branch Addresses Phone E-Mail Address
1. Paragram Branch Vill: Paragram, P.O: Koilail, Upz: 01844496801 bastobparagram@gmail.com
Nawabgonj, Dhaka
2. Solla Branch Vill: Sholla, P.O: Shola, Nawabgonj, Dhaka 01844496802 bastobsholla@gmail.com
3. Ruhitpur Branch Vill: Ruthipur, Keranigonj, Dhaka 01844496803 bastobruhitpur@gmail.com
4. Kholamora Branch Kholamora , Keranigonj, Dhaka 01844496804 bastobkholamora@gmail.com
5. Badhaldi Branch Bunia Bazar, Turag , Dhaka 01844496805 bastobbadhaldi@gmail.com
6. Cox’s Bazar Branch Saimon Road, Baharchora, Cox’s Bazar 01844496806 bastobcoxsbazar@gmail.com
7. Chakaria Branch Bhoramohuri, Chakaria, Cox’s Bazar 01844496807 bastobchakaria@gmail.com
8. Malumghat Branch Malimghat Bazar, Dulahazara, Cox’s Bazar 01844496808 bastobmalumghat@gmail.com
9. Rajendrapur Branch Rajendrapur, Bagor, P O: Bagor, 01844496809 bastobkadomtoli@gmail.com
Keranigonj, Dhaka.
10. Tongi Branch Tongi Bazar, Gazipur 01844968010 bastobtongi@gmail.com
11. Nawabgonj Branch Nawabgonj, Dhaka 01844968011 bastobnawabgonj@gmail.com
12. Sonargaon Branch Vill: Hatkopa, P.O & Upz.: Sonargoan, 01844968012 bastobsonargaon@gmail.com
13. Tarabo Branch Borabo Bazar, P.O.: Tarabo, 01844968013 bastobtarabo@gmail.com
Rupganj, Narayangonj
14. Board Bazar Branch Board Bazar, Gazipur 01844968014 bastobboadbazar@gmail.com
15. Nimtoli Branch Vill: Nimtoli, P.O:Shikapur, 01844968015 bastobnimtoli@gmail.com
Upz.: Sirajdikhan, Munshiganj
16. Bhagyakul Branch Balasur Bazar, P.O. Bhagyakul, 01844968016 bastobbhagyakul@gmail.com
Upz.: Sreenagar, Munshiganj
17. Meghula Branch Haller Bazar,P.O.:Dohar,Upz: Dohar, Dhaka 01844968017 bastobmeghula@gmail.com
18. Joypara Branch Vill: Notakhola, P.O & Upz.: Dohar, Dhaka 01844968018 bastobjoypara@gmail.com
19. Delpara Branch Delpara, Fatulla, Narayangonj 01844968019 bastobdelpara@gmail.com
20. Sarulia Branch Shafiuddin Market, Dokkhin Sarulia, Dhaka 01844968020 bastobsarulia@gmail.com
21. Panchrukhi Branch Vill & P.O.: Panchrukhi, Upz: 01844968021 bastobpanchrukhi@gmail.com
Araihzar, Dist: Narayangonj
22. Madhobdi Branch Vill : Choto Madhobdi, P.O:Mahobdi, 01844968022 bastobmadhobdi@gmail.com
Thana: Narsindi Sadar, Narsindi
23. Mouchak Branch Vill. & P.O. Mouchak, Upz : Kaliakoir, Gazipur 01844968023 bastobmouchak@gmail.com
24. Jirani Branch Tenguri, JiraniBazar, P.O: BKSP, Savar Dhaka 01844968024 bastobjirani@gmail.com
25. Jamgora Branch Jamgora Bazar, Ashulia, Dhaka 01844968025 bastobjamgora@gmail.com
26. Panchdona Branch Vill:Choto Madhobdi, P.O.: Panchdona, 01844968026 bastobpanchdona@gmail.com
Thana: Narshidi Sadar, Narsingdi
27. Uttarkhan Branch Uttarkhan, Dhaka 01844968027 bastobuttarkhan@gmail.com
28. Bandor Branch Nobigonj,Bandor Narayangonj 01844968028 bastobbandor@gmail.com
29. Dhamrai Branch Dhamrai, Dhaka 01844968029 bastobdhamrai@gmail.com
30. Ramu Branch Ramu, Cox ‘ s Bazar Sadar 01844968030 bastobbanglabazar@gmail.com
31. Shilkhali Branch Shilkhali, Pekua, Cox’s Bazar 01844968031 bastobshilkhali@gmail.com
32. Mirer Bazar Mirer Bazar, P.O : Pubail, 01844968032 bastobmirerbazar@gmail.com
Thana: Gazipur sodor, Gazipur.
33. Palash Doriholapara, P.O : Palash, 01844968033 bastobpalash@gmail.com
Thana: Palash, Narsindi .
34. Ati Bazar Ati Bazar, Joynogor, P O: Ati, Keranigonj, Dhaka 01844968034 bastobatisme@gmail.com
35. Jirani SME Tenguri, JiraniBazar, P.O: BKSP, Savar Dhaka 01844968035 bastobjiranisme@gmail.com
36. Hemayatpur Joynabari (borobari), 01844968036 bastobhemayatpur@gmail.com
P O: Hemayatpur, Savar, Dhaka.
37. Ichhapur Ichhapur, P O: Ichhapur, Sirajdikhan, Munshiganj. 01844968037 bastobichhapur@gmail.com
38. Baligoan Baligoan Bazar, P O: Hatbaligoan, 01844968038 bastob.baligaon@gmail.com
Thana: Tongibari, Munshiganj.
39. Kasipur Kasipur, Hatkolamor,P O: Fatulla, 01844968039 bastobkasipur@gmail.com
Thana: Fatulla Narayangonj
40. Sikaripara Sikaripara, P O: Dautpur, Thana: Nababgonj, Dhaka. 01844968040 bastobsikaripara@gmail.com
41. Mohajampur Malipara, P O: Mohajampur, 01844968041 bastobmohojanpur@gmail.com
Thana: Sonargaon, Narayangonj.
42. Dhalla Gajinda, P O: Dhalla, Thana: Singair, Manikgonj. 01844968042 bastobdhall@gmail.com
43. Manik Nagar Oyajnagor, P O: Jamita, Thana: Singair, Manikgonj. 01844968043 bastobmaniknagar@gmail.com
44. Singair Singair, P O: Singair, Thana: Singair, Manikgonj. 01844968044 bastobsingair@gmail.com
45. Dighirpar Dighirpar, P O: Dighirpar, 01844968045 bastobdigharpar@gmail.com
Thana: Tongibari, Munshiganj.
42
Edited by
Ruhi Das
Editorial Advisor
Md. Gias Uddin Ahmed
Contributors :
Md. Jamal Hossain
Ranjit Ch. Das
Hari Narayan Das Roni
Kinghsu Kumer Majumder
Rustom Ali Mollah
Protap Kumer Roy
Jahanara Hasan
Veronica Cheryl Gomes
(St. Francis XavierGreenherlad Int’l School)
Published by :
BASTOB
Initiative for People’s Self-Development
6/20 Humayun Road, (5th Floor), Block-B
Mohammadpur, Dhaka-1207 Bangladesh
Phone: +880-2-48112102, 48112402, Fax: +880-2-9121586
E-mail: bastobbangladesh@gmail.com, Info@bastob.org
Web: www.bastob.org, www.facebook.com/bastobbangladesh
Cover Design :
Mr. Ashish Halder
Printed by : Mac Print 6/20 Humayun Road, (5th Floor), Block-B, Mohammadpur, Dhaka-1207 Bangladesh
Mobile : 01712107492 Phone : +880-2-48112102, 48112402, Fax : +880-2-9121586
E-mail : bastobbangladesh@gmail.com, Info@bastob.org,
01849572168 Web : www.bastob.org, www.facebook.com/bastobbangladesh

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2017

Professor Dr. Md. Golam Samdani Fakir

This report highlights the notable achievements of BASTOB. We are proud to

IV. BASTOB: An Overview

VI. Historical Evolution

VII. BASTOB’S PROGRAMMES

A. INCOME AND EMPLOYMENT GENERATION PROGRAMME

A.1. MICROFINANCE PROGRAMME (MFP)

B.1.1. Sultan-Sofa Pathshala

B.1.2. Su-Chala Project

B.1.3. Ashar-Alo Education Development Projects

B.1.4. Goethe-Tagore Academy (GTA)

B.1.5. Non-formal Primary Education

B.4. VULNERABLE GROUP DEVELOPMENT (VGD) PROGRAMME

C. ORGANIZATIONAL AND STAFF DEVELOPMENT

D. ORGANIZATIONAL CONSOLIDATED AUDIT REPORT 2016-2017

II. Governance and Management

The Governing Board of BASTOB

Prof. Dr. Md. Golam Samdani Fakir Mrs. Sharmind Neelormi

The Organizational Policies/Manual/Guidelines of BASTOB for a Transparent

Present Working Areas:

Microfinance programme is implemented as per BASTOB started its microfinance programme in

Mobilization of savings from the poor people is a

Regular Monthly Savings: The members also

Borrowers need to pay the total amount of loan in

2012-2013 161,419,435. 289,768,000 286,484,878 36,659,325 164,702,557 3,283,122 2%

2013-2014 164,702,557 320,388,000 301,803,642 37,312,555 183,286,915 18,584,358 11%

2014-2015 183,286,915 467,246,000 377,824,012 46,088,957 272,708,903 89,421,988 49%

2015-2016 272,708,903 891,518,000 625,256,499 97,730,254 538,970,404 266,261,501 98%

2016-2017 538,970,404 1,325,369,000 994,618,465 149,623,006 869,720,939 330,750,535 61%

e) Awareness Building and Capacity Development

It was incredible even to the

BASTOB analysis shows that Jahid was

B.1.4. Goethe-Tagore Academy (GTA)

The academy helps students learn specific lessons

B.1.5. Non-Formal Primary B.2. Primary Health Care

C. 3. Governing Board’s Activity in 2016-2017:

Signed in terms of our report of even date annexed.

Dated: The Dhaka M.M Rahman & CO.

Particulars 2015-2016 Percentage 2016-2017 Percentage

Revenue Income 2015-2016 Revenue Income 2016-2017

Revenue Expenditure 2015-2016 Revenue Expenditure 2016-2017

17.87% 31.66% 17.53% 33.61%

Source of Funds/Grants Composition (Donor Wise) 2015-2016, and 2016-2017

Source of Fund 2015-2016 Source of Fund 2016-2017

We also report that

Date: 14th September, 2017 M.M. Rahman & Co

Signed in terms of our report of even date annexed.

Date: The Dhaka M.M. Rahman & Co

Signed in terms of our report of even date annexed.

Date: The Dhaka M.M. Rahman & Co

Signed in terms of our report of even date annexed.

Date: The Dhaka M.M. Rahman & Co

BASTOB-Initiative for People's Self-Development

Signed in terms of our report of even date annexed.

Date: The Dhaka M.M. Rahman & Co

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