ASA receives Tk 20cr from PKSF

As part of a loan agreement worh Tk 100 crore, ASA received Tk 20 crore from the Palli Karma Sahayak Foundation (PKSF) as the fourth installment on February 09, says a press release.

ASA Managing Director Md Shafiqul Haque Chowdhury received a cheque for the amount from Parvin Mahmud, deputy managing director of the PKSF.

Under the agreement, 60 percent of the total fund will be disbursed for rural and 40 percent for urban areas to implement its microfinance programme.

ASA has been implementing the programme through 1,429 branches spreading over 500 upazilas in 64 districts.