67pc ultra poor spend NGO money on non-productive purposes

Published on 30 June 2010

Around 67 percent ultra poor people, who take micro-credit from different NGOs, spend their money for non-productive purposes, which ultimately do not help reduce their poverty, according to a survey released yesterday. The World Food Programme (WFP) conducted the survey on different households in Bogra, Sirajganj and Pabna districts. “We find this trend very worrying. It won't help them get out of poverty,” said Michiel Meerdink, who presented the survey titled “Access to Credit” at an annual review workshop of Food Security for Ultra Poor (FSUP) at the Spectra Convention Centre in the capital.

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The Daily Star (Bangladesh)