Vision of BRAC Bank
Much as like in microfinance, SME financing also requires
innovations in lending technology that could reduce the risk to the lender in
ways that does not increase the overall transaction cost to the entrepreneur. With
the aim of generating employment opportunities through SME growth, BRAC Bank
launched a special SME lending scheme in 2002 in Bangladesh. BRAC Bank is an independent, regulated bank in which BRAC
is a majority shareholder (63.4%). Other owners include Share Cap International
Limited and International Finance Corporation (as of 2005). More than 18,000
loans have been disbursed under this scheme up to February 2005.
BRAC
Bank is
extensively financing different economic activities related to the SMEs. As of 31
December, 2007 it has advances of more than 80,000. The bank has about 150,000 SME
customers of different sectors along with 1500 women entrepreneurs under 392
unit offices. At a glance, there is a slight growth of SME women
entrepreneurship in the BRAC financing projects Main
sectors that received loans were:
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