Noriba
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Noriba – a web-based fund accumulation and distribution mechanism - is initiated by Islamic Relief Bangladesh (IRB) in 2014. IRB started its microfinance program in 1996, and since 2005 the program has been operating through an institutional microfinance approach utilizing Islamic microfinance principles. In 2012, IRB has been piloting Self Help Group (SHG), an alternate approach to making low-cos
Dear viewers many thanks for visiting noriba page. your support is very much important to the elimination of extreme poverty in Bangladesh
Noriba Noriba is a Nor-Profit Organisation.
Welcome To Noriba
Noriba is an online lending platform on Islamic microfinance for capital accumulation and lending among poor borrowers. This online is a peer-to peer lending platform where loans are made directly between persons (lender) and individuals. Lenders support micro-entrepreneurs living in challenging conditions that lack access to capital to launch or expand business activities. Interested persons can choose to lend to poor micro-entrepreneurs for supporting them to invest in productive purpose, getting more income and better livelihoods. This lending mechanism is totally interest free lending to poor entrepreneurs.
Riba is an Aribic word-, means an “increment’ or addition”. In Islamic Fiqh the term riba has a special meaning- Riba is an unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan, as a condition imposed by the lender.
Noriba is opposite to riba, means no interest for making loans.
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Road # 10, House # 10, Block # K, Baridhara
Dhaka
1212
