Anukul Foundation is a not for profit organization registered under the Societies Registration Act, 1860. It was registered on 28 June 2005 by the Registrar of Joint Stock Companies, Government of Bangladesh in Dhaka. The Foundation implements mainly two major initiatives, namely Micro Enterprise Development Fund (MDF) – spin off from a DFID funded CARE Bangladesh Project and Institutional Development Services Linkage (IDSL).
MDF mainly provides access to loan funds via MFIs to those who live in urban and peri urban areas and have no or limited access to formal financial sector. By doing wholesale lending, MDF contributes to promote development of small-scale Income Generating Activities (IGAs) as well as Small and Medium Enterprises (SMEs). Its business model has an inbuilt sustainable mechanism, which allows MDF and its partner MFIs to have a commercial orientation in their lending operations. By providing sustainable access to loan funds MDF contributes to business development, self and wage employment generation and poverty alleviation.
IDSL, on the other hand, focuses on developing the staff and institutional capacity in and around various development subjects and topics such as microfinance, Water & Sanitation (WatSan), Participatory Rural Appraisal (PRA), Participatory Monitoring and Evaluation (M&E), Good Governance, Project & Program Management, Financial Management, Rights-based Approach (RBA) etc. IDSL has specialized programs; offering diversified packages including training, workshops, module development and networking. The objectives of IDSL are to provide high quality training, consultancy and program management services to Bangladeshi and international development institutions.