Workers in the readymade garments (RMG) industry in Bangladesh have taxing working hours every day. By the time their shifts end, it is usually time to go home and prepare for the next day. In order to access any financial services on a workday, they mostly have to take a leave or travel far, resulting in a pay cut at work. Against this backdrop, BRAC’s client interaction points (CIP) work as a service point for RMG workers to access financial services.
Where does the food on your plate come from? In Bangladesh, food security is primarily maintained by the agricultural sector. However, challenges exist in financing agricultural activities, particularly for farmers living in vulnerable conditions.
The COVID-19 pandemic meant that a lot of work had to be done at the community level. Fahima Akter*, working as a credit officer at BRAC Microfinance, took on the challenge head on. She travelled across Bangladesh, helping families through their financial crises, and providing life-saving information. The inevitable exhaustion that the world had been experiencing throughout most of 2020 was catching up to Fahima.
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.
Our search for business inspiration often starts and ends in million-dollar companies, glossy tech start-ups and management books. We often do not know the stories behind the labels closest to us. Behind-the-label narratives are not only found in huge export-oriented ready-made garments factories, but on the streets around us.