The vision we planted back in 1994 has flourished into a vibrant community of over 2,000 dedicated employees today. I’m thrilled to announce that the Ambala Foundation has achieved a significant milestone, reaching a loan outstanding of 10 billion taka. We’re proud to have impacted 2,050,000 beneficiaries across 21 districts, 144 upazilas, and 1,165 union parishads/municipalities in Bangladesh through our network of 241 branches.
On 2022-23, Ambala Foundation worked through 175 branch offices and now we expanding our operational areas in 241 branch offices. Looking ahead, we plan to extend our reach into an additional 16 districts in the upcoming years. Our commitment to growth and service has been recognized with 11 prestigious awards, marking our continued journey of success. I’m grateful to see our flourishment day by day, and I am optimistic that our achievements will carry on in the future.
Since its inception, Ambala Foundation has remained dedicated to the comprehensive welfare of the community, consistently pursuing its goals with unwavering commitment. We are continually striving to introduce new approaches and digital transformations to enhance the quality of life for individuals in marginalized sectors across the country.
Ambala Foundation is currently working to introduce “Ambala Bond” in the coming years. We are optimistic that within the first six months of the upcoming fiscal year, we will successfully issue these bonds considering all the compliance and the regulations set forth by the MRA and BSEC.
Ambala Foundation has already included significant digital advancements, including digital passbooks, digital loans, SMS services, and MFS systems. Considering transparency and convenience for our trusted beneficiaries. Since its inception, Ambala Foundation has been working hand in hand with the government in various social and economic development activities. In recent days, Bangladesh experienced tremendous flooding in several districts, within this flood 49 branch offices of Ambala Foundation are flooded. All the employees of Ambala Foundation have contributed with their 1-day salary a total of Tk 10 lakh along with the relief fund of the Chief Adviser of Bangladesh Government in the recent severe floods in the north-eastern part of the country. Ambala Foundation provided cash support & agricultural products (seeds & fertilizer) to the beneficiaries.
Since 2019, Ambala Foundation has been proud to run “Shwapnojatra,” an educational assistance program designed for talented but underprivileged students. So far, we’ve helped 166 students (111 boys and 55 girls) across 126 educational institutions in 46 districts. These young individuals are making remarkable strides towards their dreams of higher education thanks to our financial support. We’re committed to expanding our initiative to reach even more gifted students from disadvantaged backgrounds. Through our program, all deserving students receive comprehensive educational materials at no cost, ensuring they have everything they need to succeed. Ambala Foundation supported flood affected students and distributed educational materials.
Apart from this, Ambala Foundation has been running the only community radio station in Dhaka Division, Radio Bikrampur 99.2 FM, since 2012. Through Radio Bikrampur 99.2 FM, nearly 9 lakh listeners of Munshiganj district are listening to social awareness programs every day. Moreover, regular sports updates and various entertainment programs are being aired. As a result, social awareness is increasing among the audience, and they are aware of everything, including agriculture, weather, sports, and entertainment.
Finally, Ambala Foundation would like to express its gratitude and thanks to all its staff, Executive Committee, Advisory Board Membership, Networking Members, Forum Organization, Development Associates, and Management Team for their hard work and the progress achieved.
Arif Sikder
Executive Director