Nine out of every ten women in Bangladesh still don’t have access to digital financial services. What are the socio-economic barriers hindering their inclusion and how do we design solutions to bring down the barriers stopping women from making the digital transition?
Digital financial platforms are an enabler for financial inclusion, but approximately 740 million women globally still remain outside of formal or digital financial services. How can the fintech industry better tap into its potential for greater financial inclusion, so that women have the control over their purses?
Social security programmes in Bangladesh date back to the 1970s, but continue to be plagued by errors, including a failure to reach those who need it the most. Today, we must look beyond cash allowances and focus on lowering dependency on such programmes.
85% of employment in Bangladesh is in the informal sector, yet training opportunities in the sector are limited. BRAC’s skills training for advancing resources (STAR) provides a platform for young people to hone their skills, build confidence and take charge of their livelihoods.
Communities across the globe are connected through the power of information and technology. Consumption patterns have been altered and traditional ways of working disrupted. How does this play out in the development sector?
It’s 4am, still half dark outside. Moyna Begum wakes up from the sound of water rushing from the tube well. Her first thought is how long that queue gets every morning. 10 families share one tube well and one hygiene facility. She rushes to the tube well with a bucket, to collect the water she will use for the rest of that day.
Through regular mentorship and life-skills training, as well as providing linkages to community associations, the Graduation approach’s prioritisation of socially empowering participants improves their overall well-being, enables self sufficiency, and strengthens social inclusion within their community long term.
Mobile money has shown immense potential over the last decade, but remains a source of dread for many people living in poverty and inequality, particularly women. How can initiatives be designed to gain their trust?
Despite the numerous challenges we faced in 2021, our financial institutions in all six countries have emerged stronger, more resilient, and ready for growth. It was possible due to the courage and commitment of BRAC staff members on the ground who stood by the people and the communities we serve.
In Bangladesh, one in 10 people live with a disability. That's 16 million people, more than double of the population of Hong Kong. While countries around the world have made progress in reducing poverty, the condition of the majority of people with disabilities has not improved. People with disabilities continue to live with a higher poverty and unemployment rate.
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.