The Kuwait Goodwill Fund (KGF) was established by His Highness the Emir of Kuwait to provide support to ensure food security and to meet the basic nutritional needs of people in Islamic countries.
With support from this fund, PKSF is implementing a specialized program titled ‘Kuwait Goodwill Fund (KGF)’ which extends both financial and technical assistance to organized members of PKSF’s POs.
The main objectives of the program are a) to provide loans with flexible service charges and a single repayment schedule aligned with crop harvesting periods, b) to build capacity for implementing agricultural activities, and c) to promote the extension of sustainable agricultural technologies.
KGF loan services are currently available in 86 upazilas of 35 districts through 58 POs, while technology transfer activities are being carried out in 92 upazilas of 34 districts through 38 POs within 26 agro-ecological zones.
PKSF launched the KGF program in FY 2011–12 with an initial grant of BDT 81.99 crore. By FY 2023–24, the total fund under the program had grown to approximately BDT 127.13 crore.
Progress of the Program
- Since its inception in June 2011, the KGF program has extended loan support to 659,242 members, 82% of whom are women. Member savings reached BDT 47.86 crore. As of June 2024, the cumulative loan disbursement at the field level amounted to BDT 3,867.27 crore, with an outstanding balance of BDT 277.37 crore and a recovery rate of 100%.
- In FY 2023–24, BDT 234.50 crore was disbursed against a target of BDT 234.00 crore. Additionally, BDT 6.58 crore was utilized to implement technical activities at the field level.
- As of June 2024, a total of 4,635 demonstrations have been implemented under the program—2,021 on crop cultivation, 1,036 on fisheries, and 1,578 on livestock activities.
