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www.brac.net
BRAC Microfinance Programme
www.brac.net
Dabi
• Average Loan Size - $225
• Loan Term – 1 year
• Repayment Mechanism – Equal weekly/monthly installments
• More than 97% of borrowers are women who are serviced in groups, but there is no joint liability obligation
• Loans are mostly used for small operations in poultry, livestock, vegetable cultivation, handicrafts and rural trade
www.brac.net
www.brac.net
Progoti
• Average Loan Size – $2,050
• Loan Term – 12/18 months
• Repayment Mechanism – Equal monthly installments
• Borrowers are individually catered and the loans are typically used to finance working capital for shops, agricultural businesses and small manufacturing
www.brac.net
www.brac.net
Top-up Loans
• Introduced in 2010 for both Dabi and Progoti borrowers to provide greater flexibility
• Allows borrowers with good repayment behaviour to top-up an existing loan
• Available to borrowers who have repaid at least 50% of the existing loan on time
• Maximum top-up amount is 50% of original disbursed amount
www.brac.net
Migration Loan
• Targets people migrating overseas for work
• Covers cost of obtaining work overseas (recruiter fees), travel and travel document costs
• Average Loan Size - $1,915
• Repayment Mechanism – 12/18 unequal monthly installments.
• Till date – $34.5m have been disbursed to 18,000 migrant workers.
www.brac.net
www.brac.net
Dabi53%
Progoti44%
Migration Loan3%
Portfolio Distribution:
Dabi94%
Progoti5% Migration Loan
0%
Borrower Distribution:
www.brac.net
Savings
• Regular Passbook Savings
• Monthly Deposit Scheme
• Double Deposit Scheme
• Fixed Deposit Scheme
www.brac.net
Passbook Sav-ings:71%
DPS:11%
Double De-
posit:17%
Fixed Deposit:0%
Savings Distribution:
Passbook Sav-ings:90%
DPS:8%
Double Deposit:2%
Fixed Deposit:0%
Saver Distribution:
www.brac.net
BRAC Microfinance at a Glance Bangladesh
ParticularsAs of October
2012
Loan Portfolio: $ 715 million
Savings: $ 286 million
Members: 6.02 million
Borrowers: 4.42 million
Average Monthly Disbursement: $ 103.7 million
Staff: 17,988
www.brac.net
De-posits43%
Equity29%
Bor-rowing
28%
Sources of Fund
www.brac.net
Industry Position (As of October 2012)
Particulars BRAC ASAGrameen
Bank BURO
BangladeshPortfolio: (Million)
$ 715 $ 683 $ 973 $ 113
Savings: (Million)
$ 286 $ 188 $ 1,441 $ 36
Borrowers: (Million)
4.42 4.27 6.61 0.86
Branch Offices:
2,359 3,047 2,567 629
www.brac.net
Human Resource Management
Set up an internal HR unit that is working to:– Standardize performance assessments
– Improve talent identification and management through setting up a management pipeline
– Improve workplace environment
– Mentor new female staff
– Improve grievance management practices
www.brac.net
Capacity Development
• Much greater investment in training of staff
• Shift in focus from technical to managerial skills training
• More emphasis on soft skills development of staff at all levels
• Greater coordination between performance assessment, talent management and training
www.brac.net
Strengthening Internal Controls
• Branch accounts staff separated from microfinance and placed under Finance and Accounts Division in late 2009
• Strengthened the monitoring units to ensure more regular and thorough monitoring of branches
• Comprehensive branch reviews carried out by independent teams to look at qualitative aspects
• For the worst performing branches, we have started a system of independent loan adjudicators who verify and approve every loan prior to disbursement
www.brac.net
Financial Literacy and Consumer Protection
• Working with BRAC Development Institute to design and implement financial literacy projects
– Piloting basic financial literacy awareness building through popular theatre
– Working with a social communication agency to design mass media outreach programmes
• Adopted an employee code of conduct
• Working to improve the quality of staff-client interface
www.brac.net
Trend: BRAC MicrofinanceBangladesh
Particulars 2009 2010 20112012
(October)Portfolio: (Million)
$ 537 $ 534 $ 644 $ 715
Savings: (Million)
$ 224 $ 243 $ 272 $ 286
Disbursement: (Million)
$ 922 $ 899 $ 1,052 $ 1,037
PAR (>30 days)
9.9% 10.3% 7.9% 6.9%
Operating Self Sufficiency
116.4% 118.6% 110.8% 128.0%
www.brac.net
BRAC International Microfinance at a Glance
CountryPortfolio
(Million)Members Borrowers
Avg. Monthly
Disbursement
(Million)
Branch
Offices
Pakistan $ 9.18 87,528 77,927 $ 1.53 96
Sri Lanka $ 8.71 108,181 62,973 $ 1.57 89
Tanzania $ 20.46 136,278 108,238 $ 3.94 112
Uganda $ 19.36 156,286 124,306 $ 3.61 130
Sierra Leone $ 2.69 25,807 21,521 $ 0.41 43
Liberia $ 3.18 32,625 23,391 $ 0.53 30
www.brac.net
Priorities in 2013
• Bangladesh
– Scale up financial literacy and consumer protection projects
– Pilot savings collection through mobile money platforms
• International
– Focus on strengthening capacity of staff at all levels
– Reducing the dependence on Bangladeshi staff and accelerate promotion of national staff into management positions
– Strengthen internal controls
www.brac.net
Thank You