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BRAC Africa Loan Fund

75 Mohakhali
Dhaka, Dhaka District 1212
Bangaldesh

Contact: ,
Phone: 880-2-9881265
Fax: 880-2-8823542
URL: http://www.brac.net
Email: public-affairs@brac.net
BRAC Africa Loan Fund

BRAC works with people whose lives are dominated by extreme poverty, illiteracy, disease and other handicaps. BRAC believes that poverty must be tackled from a holistic viewpoint, transitioning individuals from being aid recipients to becoming empowered citizens in control of their own destinies. In addition to its microfinance programs, they also run programs for health, education, social development, human rights & legal services, agriculture, the environment, and social enterprises.

Program

BRAC's development model is a holistic approach in which microfinance provides the basis for BRAC's entry into a community. Building on this platform, BRAC rolls out additional services that impact the community beyond its borrowers. The family members of microfinance clients and other members of the communities BRAC serves participate in the health, water and sanitation, agriculture and livestock and poultry extension services BRAC provides. For example, BRAC trains selected borrowers to act as Community Health Volunteers (CHVs). These trained CHVs visit families throughout their communities. They sell basic health products and provide training about the prevention and management of diseases like HIV, tuberculosis and malaria. They also encourage members of the community who they identify as having conditions that require treatment to seek attention at the nearest clinic or health facility.

Client Population

Poverty reduction programs undertaken so far have bypassed many of the poorest. In this context one of BRAC's main focuses is the ultra poor. In Africa, BRAC works with over 180,000 female borrowers.

Impact

BRAC currently has over 2,000 staff working servicing over 150,000 microloans in Africa and running small enterprise, education, health, agriculture & livestock, and adolescent development programs.

Story

 
Khadija Abdalla took out her first loan with BRAC Tanzania on 4 April 2008. She received a loan of 200,000 Tanzanian Shillings (approximately USD 160) in order to expand her food shop. She used the loan to buy food and clothing in bulk to sell for a profit in her shop. As a result of increasing her inventory, Khadija’s profits have grown from 30,000 Tsh each month to 45,000 in the 25 weeks since she received the loan disbursement. Full Story

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