Dad In Need (DIN) Foundation

In Bangladesh we have thousands of helpless father who work day and night but fail to give their child a good life. DIN Foundation is a microfinance company and DIN is planning to start helping Father's who lost their job or can't run his business because of money. DIN will give them loan and will teach them how to utilise the money to create a great future for their kids and family. If DIN can help this fathers by giving them loan to start business this will help in country's economy and will create job opportunities, crime rates will go down and no father will ever have to commit suicide because of money problems. 

• Almost 1 in 4 Bangladeshis (24.3 percent of the population) live in poverty, and 12.9 percent of the population live in extreme poverty. Unemployment rate is 5% in Bangladesh but Employed peoples are also facing problem to keep up with the increasing lifestyle expenses.
• Between 2010 and 2016 poverty fell significantly but in recent years the rate of poverty reduction has slowed down. Poverty fell faster in rural areas. Urban poverty rates declined from 21.3 to 18.9 percent, while rural poverty decreased from 35.2 to 26.4 percent.

• But the Middle Class specially the lower one's are fighting everyday to keep up with the increasing expenses.
• According to ADB 31% people in Bangladesh live under proverty line.
• DIN will target the Middle class of the country specially the lower one's who can not have a loan or fail to take help from nearest one in need.
• DIN will give them loan from 50 Thousand taka to 5 lakh Taka initially and will guide them to start something new with the money by moderating them. 

Middle class population of the country don't get loan easily and most of them don't have enough resources to start a new business if they lose their job or can't find a job. This organisation will help those people by financing them to start something new or build the existing business more profitable. 

• Dad in Need Foundation or DIN (দিন) Foundation is a microfinance organisation for financing fathers or the person who have family to feed. We will be by their side by giving them loans with out any security but the condition is we will moderate their business until they can not repay the money.
• We will run our oparation like other financial organisations later we will launch an app through which people can apply for the loan.
• Age limit for this loan will be 22 to 70
• Fathers who lost his job or cannot find a job which will help him to run his family smoothly, Young person who run his family and take care of his parents, Old person who want to start something small so that he don't have to rely on anyone, Widow with kids to feed are eligible for the loan.
• After applying for the loan we will evaluate the file for information check and if everything will be ok we will process the loan in 7 days and will appoint a moderator with the applicant who will help him to start the business with the money and will give him guidance till the end of the instalment cycle. 

In 2018 a Father came back from the work and when he entered the house his 5 years old daughter came to and ask "Baba where is my eid's clothes which you have promised" He was so divasted and broken he start crying few seconds later his wife start shouting because he can not give her money to run the family smoothly. The man lost his job 6 month ago and still looking for a job his savinga are running out. Just imagine this was you, no one around is there to help you at the moment of crisis. DIN Foundation is for this Dads who need help in need. No bank or financial obligations give loan to unemployed and their are few organisations who help a new business. DIN will give this people who really need money to run their family, to give their children's school fee and give good amount of money to his family so that everything run smoothly. We will not be like banks, we will not take any Security, we will just consider those who will need our help for real. 

In next 5 years DIN will expends its wings in countries like Nepal, Bhutan and also in Africa where people still live under poverty. But our main aim to expends all over the world so that we can help all the father and their family in need. 

This is a concept and I need investment to make this a strong organisation. 

I have invested in a Fintech company and also planning to invest in some new IT companies. 

DIN Foundation is a Microfinance company which is targeting a class or gender who are always neglected. If you consider women they have lots of NGOs from where they can get loans but middle class people who get 5000 to 12000 taka salary cannot get loan or financial organisations don't give l8an to a business if it is not not atleast 1 to 3 years old. My target market is helpless in term of getting help from banks. I need the winning prize money to start the fund. And this is how Tiger IT can help me. 

I will have to tag my organisation with a Bank so that I can get financial help from them also. But if I can get angel investment I can start the organisation without taging with a bank.