A significant portion of Bangladesh's population resides below the poverty line. The country's farmers, labourers, small business owners, weavers, and craftsmen face various challenges and struggles. Cooperative societies play a crucial role in economically empowering and improving the livelihoods of these financially vulnerable individuals. Here is a description of the contribution of cooperative societies to Bangladesh's socioeconomic development:
Creation of collective efforts: In situations where individual efforts alone may not lead to success, cooperative societies foster collective efforts to support the financial well-being of marginalized individuals.
Formation of capital: The formation of capital and its investment is essential for the economic development of the country. Most people in the country cannot individually establish a capital. However, through the formation of cooperative societies, members can pool their limited resources to create capital.
Building self-awareness and unity: Individual self-interest does not lead to success where collective efforts are required. Cooperative societies foster self-awareness and unity among their members, leading to economic success and prosperity.
Creation of lending opportunities: In times of economic crisis, the underprivileged segments of Bangladesh rely on loans from moneylenders who charge exorbitant interest rates, exacerbating their financial struggles. By bringing together these individuals through cooperative societies, they can easily access loans.
Expansion and development of cottage industries: Bangladesh has numerous cottage industries owned by people with limited resources. These individuals may not achieve success through individual efforts alone. By establishing cooperative societies, the expansion and development of these industries become feasible.
Creation of employment opportunities: Cooperative societies organize and support the establishment of small industries and other institutions, which not only provide self-employment opportunities for business owners but also generate employment opportunities for others.
Skill development: Cooperative societies not only unite their members but also provide various training programs to enhance their skills and capabilities.
Ethical education: Through training facilities, cooperative societies educate their members on values such as unity, equality, integrity, cooperation, democracy, friendship, and service, along with fulfilling their financial requirements.
We have developed the MicroFinance Management System BD - MFMSBD software, keeping in mind these micro-credit institutions in Bangladesh that play a crucial role in the country's local economic development. With this software, you can efficiently manage the financial aspects of your organization or cooperative society, saving time and ensuring accuracy. We hope this modern
software meets your requirements and contributes to your success.
Software Cost:
We determine the cost of this software based on various factors related to your society or organization, including the number of customers. As your requirements may change frequently, such as the number of customers, employees, customization needs, and data transfer, we consider these factors in pricing.
⭐ For more details and to place orders, please contact:
📞 Call: +88 0258157287
+88 01723249951
📧 Email: info@mfmsbd.com
More details are available on our website:
🌏 Visit: https://www.mfmsbd.com
Demo: https://www.mfmsbd.com/registration
