January 2, 2018

Financial inclusion for the ‘missing middle’

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.
December 14, 2017

IamBRAC: Adventuring from Kaliganj to Kabul, Magura to Liberia

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.
November 8, 2017

BRAC in Uganda’s transition to a bank and what it means for customers

BRAC in Uganda shares strategy and sustainability insights from its transition from an MFI to a bank.
October 18, 2017

Ploughing the path in a male-dominated turf

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.
April 18, 2017

Making microinsurance work in Bangladesh: Three takeaways

The market for microinsurance in Bangladesh has been growing rapidly over the last 10 years, with over 25 million subscribers. Yet it is still met with skepticism among many poor microfinance clients.
December 14, 2016

Client-centricity at scale: The BRAC Smart Certification journey

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.
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.
October 17, 2016

What ever happened to microfinance?

You’d be forgiven for thinking microfinance has gone wildly out of fashion. The “development caravan”—defined as the wagon train of poverty interventions that excite donors—has pulled away from micro-lending, drawn to more powerful things like BRAC-style graduation programmes (which aim to “graduate” people from extreme poverty into a sustainable livelihood) and bKash-like mobile money, according to recent coverage in The Economist.
April 29, 2016

Salaried and unbanked: A new frontier for microfinance

What comes to your mind when you think of microfinance? To me it’s 'easy access'- a key factor that has enabled the sector to reach 34 million poor people in Bangladesh, essentially bringing financial services to their doorstep.
March 15, 2016

Finance for flood-hit families: Reducing risk and raising resilience

What are some of the most effective innovations taking place in South Asia, the region that is bearing the brunt of climate change? How does one go about building resilience and from then to scaling? This post is the third in a series of blogs that will share BRAC’s lessons on building and scaling resilience to climate change.
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.
January 22, 2016

Seven wishes from seven thought leaders for financial inclusion in 2016

2015 was an important year for the world of financial inclusion. Starting with the publication of the six randomised controlled trials results in January that sparked debate on the impacts of microcredit, the sector went on to celebrate (and question) an increase of 700 million people with access to financial services since 2011, with the publication of the 2014 Global Findex.