About Shadhin Fintech Solution Ltd in Bangladesh
Shadhin is a Fintech solution in Bangladesh founded in 2018 with a mission to make financial inclusion a viable solution, Shadhin is working every day. By leveraging technology and following rigorous credit underwriting standards Shadhin is serving low and medium-income groups and underbanked people.
A group of young, dynamic professionals from various fields like investment banking, consulting, technology, e-commerce, and start-up management have come together to revolutionize the personal finance industry in Bangladesh.
Shadhin Sustainable Livelihood Trust is a registered society under the Bangladesh Society Registration Act of 1860. Its objective is to provide microfinance lending solutions to the average Bangladeshi. The organization is governed by the MRA Act of 2006.
Company Vision
The overarching goal for Shadhin Fintech is to be a community-based Financial Well-Being Company with the primary goal of Improving the Financial Health and Knowledge of all Bangladeshis. They focus on 3 key areas within Financial Well-Being:
1) Financial Access,
2) Financial Advice, and
3) Financial Education
Shadhin does the heavy lifting – profile verification, due diligence, verification, legal documentation, monitoring, and collections.
Research Approach & Methodology
Research Objectives
This assignment’s main goal is to evaluate the “Shadhin Fintech Solution Limited” project through on-site visits to the project implementation sites in close coordination and collaboration with the Bhalo project management team and the UNDP CO-A2i Bangladesh team.
Research Approaches
This study applied Integrated Research Methods by collecting data from both primary and secondary sources. Researchers used a quantitative research approach to gather primary data through face-to-face surveys, while on-site observation verified the income-generating activities of beneficiaries under the Shadhin Fintech Solution Ltd. project. Assessors checked and verified all documents both at the Shadhin project office and directly with end-level beneficiaries.
Quantitative Survey Method
Researchers conducted face-to-face (F2F) surveys using a quantitative approach to collect primary data from end-level beneficiaries, mainly farmers. The PAPI (Paper-and-Pen Personal Interview) method guided interviews and ensured accurate data acquisition.
On-Site Assessment & Office Visits
The research team applied on-site assessment tools to gather detailed information about the activities and engagement of Shadhin Fintech Solution Ltd. with its beneficiaries. Assessors observed the business processes and loan value chain of the project to understand operations firsthand.
Group Discussions
Project staff and beneficiaries participated in informal group discussions at both the head office and project locations. These discussions covered topics such as project rules, regulations, norms, compliance, and business procedures. Participants actively checked and verified the information collected during these discussions.
Document Review
Researchers reviewed project documents to understand business processes and ensure compliance between Shadhin Fintech Solution Ltd. and end-level beneficiaries. Both the local agent office and beneficiaries actively examined and verified these documents. Shadhin agents also reviewed their records to confirm accuracy.
Geographical Coverage
The major locations that have been coved are Kurigram & Ulipur upazila of Kurigram District, Chattagram metro area, and Dhaka metro area. The following maps show the covering locations in the study.
| Geographical Coverage | Covering Sample Size | |
| Kurigram | : | 19 |
| Dhaka | : | 6 |
| Chattagram | : | 16 |
| Total Sample Size | 41 |
Primary Survey Outcomes
Basically, Shadhin Fintech Solution Ltd has been introduced in three districts of Bangladesh namely Kurigram, Dhaka, and Chattagram. We have focused on Kurigram Sadar and Ulipur Upazila in Kurigram district, where we have collected around 46% samples. Similarly, we have covered approximately 39% of the samples in the Chattagram metropolitan area and around 15% in the Dhaka metropolitan area. The pie chart provided below depicts the geographical coverage of our assessment.
Covering Sample Types
In conclusion, Shadhin Fintech Solution Ltd in Bangladesh works with existing customers in Kurigram through Bhalo Social Enterprise (46%), Chattagram with local agents (39%), and individuals applying for loans through online and mobile apps (15%). They share profit revenue with Bhalo Social Enterprise and operate loan management and operations in their project execution area.
For more details, please Contact Us.
or, WhatsApp Us: +880 1713222363
