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BRAC

BRAC is a microfinance institution in Bangladesh.

BRAC offers loans to the micro-financing market, which targets the poorest segment of society, and its customers are mainly women. The institution’s total assets amount to BDT 49 879 million, equal to NOK 4.1 billion. When Norfund engaged in this institution it was the first example of international investors joining together to provide an unsecured, long-term loan in local currency to a micro-financing institution in Bangladesh.

Facts

  • Sector: Micro credit
  • Investment year: 2007
  • Instrument: Loan
  • Committed amount (MNOK): 3.8