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.
24 million people, or 14% of the population, have been newly pushed into poverty as a result of the pandemic in Bangladesh. Learn how BRAC has introduced new interventions to ensure that this group can restart their lives as the country emerges from lockdowns, and build resilience for future shocks.
In the past two years, we have heard from over 5,000 clients across seven countries in 10 languages. Together with social performance management activities, these phone-based perception surveys are now part of our ongoing efforts to keep ourselves accountable to the impact bottom line. Read an excerpt from our Microfinance Impact Report:
Bangladesh is home to over 50 indigenous groups. They speak over 35 languages and comprise over 1.8% of the population. 80% live in the plainlands in northern Bangladesh and the rest live in the south, in the Chittagong Hill Tracts. BRAC’s indigenous project has been working with indigenous people living in plainlands in Bangladesh for nine years now, and has learnt valuable lessons on what works.
Cooperative societies are the major wheel turners of the rural economy in Bangladesh. With 3,998 members, 110 village development organisations have been established around the gas-field areas of Sylhet, Moulvibazar and Habiganj districts of Bangladesh. These cooperatives, formed to enhance the socio-economic conditions of its members, are registered with the government’s Department of Cooperatives, supported by the Jibika project in collaboration with BRAC and Chevron.
As COVID-19 continues to disrupt economies around the globe, the number of people living in urban poverty is increasing at an alarming rate. Urban contexts present unique challenges to poverty that require contextualised, adaptable interventions. Learn how BRAC is helping communities living in urban poverty address these challenges.
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.
Cox’s Bazar, popular as the longest uninterrupted sea beach in the world, is also now globally known as the home of the largest refugee camp. The sudden influx of refugees added multiple challenges to people living in the host community, including a fall in wages and price hike of essential commodities.
Cox’s Bazar’s geographic location, social and religious outlook, and refugee surplus demand targeted development interventions to lessen the economic vulnerability of the host communities residing there.
Bangladesh ranks seventh in the global top ten most affected countries in the climate risk index 2021 report. Approximately 13.3 million Bangladeshis are estimated to be displaced by 2050 due to climate change impacts. To combat challenges of climate-induced disasters, learning from the past can be instrumental in reducing risks and better support people living in ultra-poverty.