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A BRAC Presentation
July 9, 2007
BRACs Vision
Just, enlightened, healthy and democratic societies free from hunger, poverty, environmental degradation and all forms of exploitation based on sex, religion and ethnicity.
Overview of BRAC
- BRAC started in 1972 as a small relief and rehabilitation effort to support Bangladeshi refugees returning home after declaration of independence in December 1971. It then stood for Bangladesh Rural Assistance Committee. - By mid 70s, BRAC realized that more long term, sustained effort was needed for change the lives of the poor. The focus shifted from rehabilitation to development, and BRAC was renamed to stand for Bangladesh Rural Advancement Committee
BRAC today provides microfinance to over 6 million clients, offers primary education to over 1.52 million students through its 52,168 nonformal schools, and delivers essential health care to over 31 million people through a strong cadre of 68,000 health volunteers. It has full-time staff of over 42,000 in Bangladesh.
- BRACs budget in year 2006 was USD 339 million, over 70% of which was self-financed.
Overview of BRAC
- BRAC is committed towards using its experience and expertise to work together to fight poverty around the world - BRAC aims to do so by empowering the poor so that they can build sustainable capacities to fight poverty
Services
- Health - Education
MF 3 MF 2 MF 1
IGVGD CFPRP-TUP
Destitute
Credit General Loan Loan for income generating projects Housing Loan Enterprise Loan
Savings Death Benefit
2. 3.
2. Savings Products
BRAC has four types of saving products:
Weekly personal savings for the VO members Compulsory savings deposit for VO members Monthly savings deposits Term deposits
3. Death Benefit
Death Benefit policy for BRAC Microfinance group members:
this benefit
The group member does not need to pay
BRAC Micro Finance Program in Bangladesh: At-A-Glance (May- 2007) Inception of Micro Finance Program : 1974 Districts Covered : 64 out of 64 Total No. of Branch Offices : 3028 Total No. of Village Organizations : 206,820 Total Number of Members : 6.2 million Outstanding Borrowers : 5.3 million Outstanding Loan Amount : US$ 438.14 million Members Savings Balance : US$ 163.71 million Loan Recovery Rate : 99% Cost per Unit of Dollar Lent : US$ 0.10
- Capacity of utilizing the loan money - Types of business - Profitability of the business
Disbursement
At the branch office, the accountant disburses the loan after the manager interviews the borrower
Reporting
- Daily back-ups are kept at the branch office
- Reports are sent to the branch and regional office on weekly basis - Diskettes are sent to the Head office at the end of the month - Data is entered into the central MIS system
BRAC Micro Finance Program in Afghanistan: At-A-Glance (May- 2007) Micro Finance Program Launched : 2002 Provinces Covered : 22 out of 34 Total No. of Branch Offices : 203 Total No. of Village Organizations : 10,332 Total Number of Members : 176,594 Outstanding Borrowers : 143,651 Outstanding Loan Amount : US$ 69,169,612 Members Savings Balance : US$ 5,266,444 Loan Recovery Rate : 94.93%
Micro Finance Program Launched : 2006 Districts Covered :8 Total No. of Branch Offices : 10 Total No. of Village Organizations : 460 Total Number of Members : 11,912 Outstanding Borrowers : 5,808 Outstanding Loan Amount : US$ 540,748 Loan Recovery Rate : 100%
Micro Finance Program Launched : 2006 Districts Covered : 5 Total No. of Branch Offices : 10 Total No. of Village Organizations : 307 Total Number of Members : 8,033 Outstanding Borrowers : 5,131 Outstanding Loan Amount : US$ 558,419 Loan Recovery Rate : 100%
Some Challenges
- Understanding the local context
Thank You