In Bangladesh, 65 percent of health expenditures are out-of-pocket payments. This lack of funded health care puts considerable pressure on the millions of people with debt from microloans. For many, a health emergency means much more than paying loan installments late; it can mean liquidating business assets that put an end to income-generating activity indefinitely, or going to informal money-lenders who charge exorbitant interest rates
BRAC understands the significance of cultural context as well as the dangers of imposing any foreign solutions disregarding local reality. Community organisation and mobilisation and understanding the local context has been central to BRAC’s development work. This hasn’t been an exception for BRAC's latest international undertaking in Myanmar. We now have two entities there, namely BRAC Myanmar and BRAC Myanmar Microfinance Company Limited, a for profit organisation. With three branch offices and over 1,000 microfinance borrowers, we are proud to celebrate one year of operating in Myanmar this October.
On 24 June, 2014, BRAC welcomed Joshua Goldstein from the Center for Financial Inclusion at Accion, to Bangladesh. Josh, a key figure in the campaign for disability-inclusive development, is helping to galvanise a worldwide movement that takes financial inclusion that necessary step further- including persons with disabilities. Naturally - connecting with the world’s largest NGO seemed like a great place to start.
Amplifier Strategies and BRAC USA traveled to Bangladesh in March to meet with the BRAC International leadership team and discuss our ongoing partnership for Amplifier’s latest Collaborative Initiative. We built the Initiative as a special opportunity to engage family and individual philanthropists in a global partnership to end extreme poverty.
Last week, BRAC USA received a letter and a donation from James, age 4, for children in Haiti. James dictated this letter to his mother, and in the letter he explains to the children of Haiti, "There is some money coming. I am sending this because I know you don't have money to buy food and things to drink."