BRAC is a development organisation based in Bangladesh that operates with the twofold objective of reducing poverty ad emancipating the poort. Since several years BRAC is also active in Africa. Triodos Fair Share Fund, Hivos-Triodos Fund and Triodos Micorfinance Fund have invested in BRAC Africa Loan Fund. BRAC AFrica Loan Fund provides loans in local currency to microfinance institutions BRAC Uganda and BRAC Tanzania. This will enable BRAC to expand its microfinance services through a network of more than 200 branches in these countries.
KEY INDICATORS BRAC Tanzania at year-end 2013:
- number of loan clients: 101,068
- percentage female clients: 99%
- percentage rural clients: 64%
- average loan amount: EUR 150
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.