Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; micro insurance; and payment systems, among other branches. Microfinance services are designedto reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.
OPCA manages its Micro Finance Program in two ways. Firstly, it organizes groups from the poor community, collects their weekly savings, creates funds and arranges to return their money back with profit. Secondly, for creating local fund, OPCA collects savings from capable person; family, traders etc. and these amounts are given to the poor community as loan by OPCA. The savings are usually return to the members with profit. OPCA aims at creating job opportunities for the poor community. It sanctions loan against its savings on different activities.
Enhance accessibility of financial services
Enhance women’s participation and decision in policy making-processes at all levels
Enhance the capacities of people in the area of money management
Enhance poor people capacity in cooperative management