The capability to borrow money when needed, whether for short-term or long-term purposes, is a convenience valued by everyone. Access to credit is not only helpful for investing in enterprises, or managing crises, but it also provides the opportunity to access better standards of living.
Khaled considers his work as the ultimate adventure, with a simple philosophy – always work for the greater good of the people around you. BRAC was his first job, and three decades have flown by since.
How do we build resilience during and after a crisis? A new GDI case study from BRAC offers insight into lessons learned from the West Africa Ebola outbreak of 2014-2015, highlighting what can be done to strengthen organisations responding and with the people they serve.
Husnaara ran to her house smiling from ear to ear as if she could not get any happier. At that point nothing seemed impossible; she could become a doctor, an engineer or a lawyer, go to a good university. She could not wait to give her father the news about her Secondary School Certificate results and assure him that his daughter would one day be able to provide for them.
Peeking from behind the tin door is Ibrahim’s two-year-old daughter, Amena, in a blue polka dot dress, and a kitten in her arms. Another kitten appears and darts across the courtyard. Ducklings scatter about in panic.
As the western sky grows rosy pink, and the paddy fields on the east turn deep green, hundreds of brown little dots are suddenly seen scrambling in the horizon. Within minutes, a flock of quacking ducks approach the main road, and amongst them, walks a woman in a bright blue saree.
As a non-profit dedicated to poverty reduction, client welfare has been central to BRAC’s mission since its inception in 1972. In Bangladesh in general, almost all microfinance institutions are non-profits, and so microfinance has always been seen as a tool for alleviating poverty in the country.
The integration of mobile money into microfinance operations is one of the most exciting yet challenging prospects facing microfinance providers today. Mobile money presents a fast, cost-efficient and flexible alternative delivery channel through which money can be transferred, loans can be repaid and savings can be deposited.