financial education

October 19, 2016

Her hands trembled when she borrowed her first $64; Now she’s giving advice to BRAC

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.
March 13, 2016

Girls in BRAC Uganda’s girl clubs 72% more likely to be earning

Jazirah Namukose, 18, left school feeling the sting of rejection. Classmates discriminated against her because of her disability- a clubfoot. But her life changed when she started going to the Kikaaya girls’ club in northern Kampala, Uganda. She gained skills and the confidence to start her own business- and found friends who didn’t treat her differently because of her disability.
October 4, 2015

Global goals: A girl from Uganda has made it her mission to change lives

As world leaders shepherd in a new era of international development with the UN's Global Goals, Basemera, a young girl in rural Uganda dreams about her future and that of her friends and family.
October 1, 2015

Rating progress toward financial inclusion on a scale of 1 to 10

Originally posted on The Center for Financial Inclusion blog. BRAC welcomes the launch of the FI2020 Progress Report. BRAC has been an active supporter in the drive to facilitate universal financial access by 2020, having enabled the financial inclusion of over 6 million people in Bangladesh, Pakistan, Liberia, Sierra Leone, Tanzania, Uganda and Myanmar.
September 15, 2015

Five ways to get frontline staff excited about mobile money

Bangladesh is a fast-growing mobile money market. With bKash, the second-largest mobile money provider in the world, industry growth in the country has reached impressive heights. Between January 2013 and February of this year, the number of mobile money clients in Bangladesh increased five-fold to 25 million users, with the number of daily transactions increasing from 10 million to 77 million.
August 2, 2015

Financial inclusion of people with disabilities – Is access the biggest barrier?

Originally posted on the Center for Financial Inclusion Blog. “I am not sure if I can repay more loans, and I don’t want to be overburdened by debt.” That was how Noyon, a small grocery shop owner with a physical disability, replied when BRAC asked whether he would like to take a loan to expand his business. This is a common response we hear from clients with disabilities when they’re offered credit products. Many prefer to avoid taking loans unless absolutely necessary.
March 1, 2015

Customer service at BRAC: Empowering women through empowered women

Even when introducing herself, Babita’s enthusiasm is contagious. “Maybe you think that you can’t change how you manage your money. It’s too hard. Well, I used to think that I could never get up in front of a group of people and give a presentation. But here I am. BRAC taught me how. So if I can do this, then you can do anything.”
December 26, 2013

Here’s what happens when microfinance grows up

Modern microcredit, born in Bangladesh, was hailed as an innovative poverty fix when it appeared on the global radar. The United Nations dubbed 2005 “the year of microcredit,” and the following year, Mohammed Yunus and his Grameen Bank won the Nobel Peace Prize. Soon, however, the pendulum of hype swung the opposite direction, as scholars began to question the efficacy of microfinance.
July 21, 2011

The Story of Miss Lalbanu

The following was originally posted by Alison Horton on America's Unofficial Ambassadors. Alison is a recipient of the AUA Mosaic Scholarship and is currently volunteering with BRAC in Bangladesh.