Microfinance Pioneer BRAC Taps Capital Markets to Launch Debt Program

Source: The Business Standard

BRAC International has launched a debt program that will secure financing for its microfinance operations for the coming decade. Two investors – Global Partnerships and Proparco – have led the launch of the program and worked closely with BI Microfinance to achieve a successful first issuance.

The aim of BRAC International (BI) Microfinance and their investors is to provide far wider financial access and support to its clients, primarily women living in poverty and hard-to-reach areas, across Africa and Asia, reads a press release.