Agriculture plays a powerful role in poverty reduction, according to a study done by BRAC’s research and evaluation division. The study revealed that the agricultural sector can reduce poverty-related sufferings faster than other sectors.
Microfinance is the idea that individuals from low-income backgrounds are capable of lifting themselves out of poverty if given access to financial services. This starts with what most of us take for granted - savings, insurance and credit facilities.
Access to finance – be that credit, or savings, is a universal need. People living in poverty are disproportionately excluded from the formal financial system. Access to finance is particularly difficult for women in Bangladesh with 64% of women left out of formal financial services.
Bangladesh has largely succeeded in providing access to basic sanitation. Using latrines in rural communities is now no longer seen as a luxury reserved for upper-income households, but a necessity at all levels of society.
Shahana Akhter spends her days on her little red scooter looking for small businesses. She works in BRAC’s microfinance programme, and has spent seven years distributing loans and collecting repayments to enable all types of entrepreneurship to expand.
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.
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.