As the economic impact of COVID-19 threatens food security globally, evidence-based interventions that are proven to build resilience in the face of extreme shocks are needed more than ever. Nomita’s story shows how the Graduation approach provides the tools and resources that are crucial in these difficult times.
With lockdowns continuing to wreak havoc on the extreme poor populations in the Philippines, the Graduation pilot running there has shown great results in building the resilience and security for participants and their families.
With the announcement of BRAC’s Ultra-Poor Graduation Initiative being selected as one of this year’s TED-sponsored Audacious Project winners, we look ahead to the future of Graduation programming around the world.
Almost 18 million people live in extreme poverty in Bangladesh. The impact of COVID-19 on their livelihoods has been catastrophic. Research by BIGD and PPRC shows a 73% drop in income in households living in extreme poverty when measured in the first week of April 2020 compared to two months prior. The biggest challenge during COVID-19 is how to get relief to these people, who often live in hard-to-reach areas.
For three days, I embarked on this journey with a dearth of knowledge on village etiquette, a language barrier (weak spoken Bengali), tainted with urban hues. Yet I was accepted into their homes with open arms and wide-eyed grins. And as we spoke to the families, our preconceived, textbook definitions of hardcore poverty came into question.
280 million adults in the private sector globally receive their wages in cash.This poses a risk of losing out on take-home wages for workers. Is wage digitisation the answer?
This year, BRAC’s Frugal Innovation Forum will bring together global practitioners, thinkers, researchers, policymakers and financial ecosystem partners to brainstorm solutions to challenges in financial inclusion, particularly for women, through digital services.
2019 was a significant year for BRAC Microfinance in achieving our mission of advancing financial inclusion. We accomplished new milestones and started new pilots. Let’s look back on one of the busiest years for BRAC Microfinance.