Shahana Akhter spends her days on her little red scooter looking for small businesses. She works in BRAC’s microfinance programme, and has spent seven years distributing loans and collecting repayments to enable all types of entrepreneurship to expand.
How do we build resilience during and after a crisis? A new GDI case study from BRAC offers insight into lessons learned from the West Africa Ebola outbreak of 2014-2015, highlighting what can be done to strengthen organisations responding and with the people they serve.
Modern microcredit, born in Bangladesh, was hailed as an innovative poverty fix when it appeared on the global radar. The United Nations dubbed 2005 “the year of microcredit,” and the following year, Mohammed Yunus and his Grameen Bank won the Nobel Peace Prize. Soon, however, the pendulum of hype swung the opposite direction, as scholars began to question the efficacy of microfinance.
Across the murky waters of Banani Lake from BRAC's headquarters in Dhaka, Bangladesh, lies Korail, one of the country's largest slums, jam-packed with over 40,000 people. I have always seen the slum from a distance, but knew very little about what goes on inside. Typically, slums are illegal land settlements littered with crime, invariable health-hazards and acute poverty. But what I saw recently on my first visit was beyond my expectations.