On the 10th of March BRAC Myanmar co-hosted a session on financial inclusion during the first edition of the Convergences Myanmar Forum. The theme of the session was ‘How to provide financial services for the poorest and most marginalised people?’ and the audience consisted of representatives from private organisations, NGOs and policy-makers. Lewis Temple, CEO of BRAC UK, presented BRACs ultra-poor graduation model as an illustration to the topic. Thereafter, panellists from Entrepreneurs du Monde, Dawn Myanmar, the Financial Regulatory Department, Wave Money and PGMF together with the audience discussed the challenges of reaching the poorest and how to overcome these. The speakers agreed that microcredit alone is not enough in order to reach the poorest - a more holistic approach is needed. Proposed solutions to overcome the challenges are to focus more on an integrated approach (training, support, skills development), to cooperate with and implement digital financial services and to facilitate information and knowledge sharing. All parties showed a great willingness and commitment throughout the session to cooperate toward a more financial inclusive Myanmar society.
BRAC in South Sudan team celebrating BRAC Day 2017
On 21st March 2017, BRAC South Sudan joined together as one family for celebrations to mark 45 years of BRAC.
Staff discussed how BRAC not only transformed the lives of people positively, but has also inspired them to overcome challenges no matter their backgrounds. Some staffs were really excited to express their stories and motivation and use the hashtag #IamBRAC.
Country Representative Mr. Rezaul Karim expressed his honor at leading the South Sudan team and he appreciated the effort of all BRAC Staff to ensure the wellbeing of communities in South Sudan and Globally.
Reading out Chairperson's speech as part of BRAC Day 2017 celebrations
BRAC in Philippines team celebrating BRAC Day 2017
As BRAC celebrates its 45th year of supporting marginalised population around the world, BRAC Philippines remains committed to ensuring more children are brought to school, more women are employed and more communities are empowered through out interventions.
Staff of BRAC Philippines all over the Autonomous Region in Muslim Mindanao (ARMM) celebrated this joyous event to remind themselves of the goal they have worked hard to achieve through the years and the remaining work that is yet to be done for the children of ARMM.
The campaign #IamBRAC was launched on the day, encouraging staff to share their BRAC stories. One staff expressed how BRAC motivated him to work harder because of the well-established leadership structure in BRAC. Another mentioned how working at BRAC has developed her career and personality.
BRAC Philippines would like to wish the rest of BRAC a very happy BRAC Day and looking forward to another 45 years of excellent work!
Food and festivities at BRAC Day 2017
BRAC Pakistan’s newest team member cutting the 45th BRAC anniversary cake in joyful mood
The 45th anniversary of BRAC was observed by all BRAC Pakistan staff to recognise BRAC’s tremendous contributions in global social development since its birth on March 21st 1972 in Bangladesh.
Celebrations were held in all main regions including at the country office in Islamabad where staff shared their stories of change and the remarkable impact BRAC has brought in their lives. Staff shared their pledges and motivation to work as BRAC’s change agents in their communities with full commitment, vigor and tenacity.
The CEO of BRAC in Pakistan Mr. Sher Zaman shared Sir Fazle Hassan Abed’s speech with the staff and stressed on laying the base of our social and development work by following in the footsteps of the great and exceptional leadership of BRAC and their community based models. While appreciating BRAC’s services for improving millions of lives living in poverty, Mr. Zaman explained BRAC's graduation model approach which helped the ultra poor climb out of poverty when its various aspects were replicated in different countries by other organisations across Asia, Africa and Latin America. A prestigious milestone indeed!
As a way forward, staff urged BRAC to bring in more innovative approaches in line with the country context to successfully translate its vision with effective and efficient solutions as there is a huge need and scope in the health and education sector in Pakistan.
Staff of Hyderabad region in festive mood to mark 45th BRAC Day
While NGOs in Bangladesh are contributing to the socio-economic development, they can also play a significant role to curb the rising threat of terrorism. Government strategies and plans should create space for effective engagement of these organisations in this regard.
Speakers said these today on Sunday at a discussion titled 'NGO and development', organised at the BRAC Centre in the capital on the occasion of BRAC Day.
They also observed that creating an environment for comfortable co-existence of the government and the NGOs has become evermore important now.
Noted economist and chairman of Centre for Policy Dialogue Professor Rehman Sobhan was the chief guest at the programme.
Moderated and chaired by BRAC executive director Dr Muhammad Musa, the event was also attended among others by Professor Wahiduddin Mahmud, former adviser to Caretaker Government and executive director of CAMPE Rasheda K Choudhury, chief coordinator for SDG affairs at the prime minister's office Abul Kalam Azad and Professor SR Osmani of Ulster University in the UK.
Professor Rehman Sobhan stressed GO-NGO coordination in the pursuit of Sustainable Development Goals saying that the prime minister can have meetings with the NGOs regarding the implementation of programmes to achieve the SDGs.
He observed that ‘micro-credit’ programmes of the NGOs have played ‘remarkable’ role in poverty alleviation and BRAC, as one of the largest NGOs of the world, has played significant role in this regard. Having cited examples from similar initiative in India, he further suggested that following their examples social business enterprises in Bangladesh also can share their profit with their producers.
Professor Wahiduddin Mahmud observed that at present the relation between the government and NGOs is rather that of ‘an uneasy coexistence’. ‘I think this should be turned into a comfortable coexistence. The NGOs have played crucial role not only in poverty reduction, but also in education, health, family planning and increasing women’s participation in employment.’
‘There was a time when women could not ride bike. Nor could they go to school. There was mass reluctance about family planning. NGOs played a crucial role to change the situation. And as they did it, they have the capacity in tackling the rising religious terrorism. The government can particularly engage them in spreading the spirit of non-communalism,’ he further said.
Rasheda K Chowdhury called on the micro-credit practitioners to reduce interest rates and loan processing costs to increase the overall poverty-reduction efficiency of these programmes>
BRAC Research and Evaluation Division (RED) director Professor Abdul Bayes delivered the keynote presentation.
Citing government and donor data, he said between 2002 and 2016, one crore 10 lakh (11 million) households came out of ultra poverty. Of them, about 15 per cent - around 18 lakh (1.8 million) families have escaped ultra poverty with the integrated assistance from BRAC.
He further said, 90 per cent of those who came out of ultra poverty with BRAC assistance have done so by securing sustainable development. Besides reducing ultra poverty, BRAC also significantly contributes to the national management of tuberculosis infection, medical treatment of cataract and ensuring of quality primary education.
He added that while through its micro-credit programme BRAC helps alleviate poverty, it also contributes to the social development of poor communities. It has so far, helped 30 lakh (3 million) people in the hard-to-reach areas sustainably access safe water, trained 5 crore (50 million) people across the country on maintaining a healthy life and supplied sanitary latrines in 3 crore (30 million) households.
Stressing the challenges of the NGO sector, the speakers said partnership between the government and NGOs should further deepen in the face of reducing foreign development aid, which will help secure finance for such organisations. Innovation of new social business enterprises can also become a potential strategy to increase their financial stability. Bangladeshi NGOs should come up with new management techniques and system also as the country is steadily progressing towards becoming a middle-income country, they further said. They emphasised that these organisations should also increase their capacity and transparency, while run social development programmes besides distributing micro loans.
Speakers from BRAC added that currently BRAC micro-credit has reached 50 lakh (5 million) clients. The organisation is now in the process of overhauling its programmes with special focus on reducing ultra poverty, quality improvement of pre-primary education, capacity building to sustainably tackle climate change impacts, increase quality of health and nutrition, youth employment and women empowerment.
A total of 7,489 women and girls have been experienced multiple form of violence during January to December 2016. What is most alarming about the report is that the rate of child victims is 20 per cent of the total violence against women occurred during the period. Every day 1.7 child below the age of 18 have become victim of rape incidents.
BRAC community empowerment programme today organised a roundtable discussion at the BRAC Centre’s auditorium to share key findings of incidents of violence against women as documented by the programme.
Anna Minj, director of community empowerment, integrated development and gender, justice and diversity programme presided over the roundtable titled `Our Role in Preventing Violence against Women’. Mahmuda Sharmeen Benu, additional secretary of Ministry of Women and Children Affairs was the Chief Guest. Dr Ruchira Tabassum Naved, Senior Scientist of ICDDRB, Aysha Khanom, President of Bangladesh Mohila Parishad, Farida Yasmin, Deputy Commissioner, (Women Support and Investigation Unit, DMP, and Head of Victim Support Center), Mozammel Haque Babu, Chief Editor and Managing Director, 71 Television were panel discussants in the event. KAM Morshed, director, technology and partnership strengthening unit, moderated the roundtable.
Violence against women in different ways has been a common weapon to control women and this is becoming a common practice under patriarchal culture. The BRAC report shows that a total of 7,489 women and girls have been experienced violence last year. Every day on an average, 20 women and girls became victims of violence. Most frequently reported type of violence are (highest to lowest): physical violence (67 per cent), sexual (19 per cent) and mental/psychological (14 per cent). Most frequent form of violence is physical torture (4,344) of total reported incidence followed by rape and gang rape (874)), suicide (835), murder (481) and attempted rape (310). 82 per cent violence occurred in domestic sphere and 18 per cent in public sphere. Highest number of violence recorded in Jessore (351) followed by Satkhira (288), Narsingdi (280), Potuakhali (252), Mymensingh (248), Feni (220) and Rangpur (219) while the lowest was from Madaripur (34). Among all incidents, 26 per cent case filed, 7 per cent resolved in shalish and 39 per cent was under process and 28 per cent did not file any case or did not take any legal actions.
BRAC community empowerment program (CEP) identifies and reports incidents of violence against women from 55 districts of Bangladesh. This is done through its network of 12,350 ward-level and women-led institutions called Polli Shomaj. The victim or victims’ family, neighbours, and Polli Shomaj members send reports to BRAC head office, and maintain a database.
The Chief Guest, Mahmuda Sharmeen Benu said, “Violence against women is not only for the problem of women, it is also the problem of men as well. Need to work collaborately to end violence. Considering it, we have taken initiative to form `adolescent club’ in all Unions. We have also taken initiative to empower women in promoting entrepreneurship in 18 different businesses in 490 upazillas.”
Panel discussant Ayesha Khanam said, now different preventive initiative has been taking from GO and NGO but it is not sufficient considering the vulnerability. We need to work in a holistic approach to prevent violence. She also said that we have laws but most of the people, even those who are implementing, do not know about the law. She emphasised on proper implementation of the law.
Among others, government officials, representatives of law enforcing agencies, women and human rights activists, teachers, researchers, NGO activits, media representatives were present/took part in the discussion.
Winners of the competition
BRACathon, a competition for innovating mobile applications to solve different social and development issues concluded through an award ceremony today on Monday. Following are 11 groups that received awards in eight categories in the event:
Blue Screen of Death group in Networking in young apprentices category; Team AOS in E-commerce in enterprises category; Team Reboot in Milk Game category; Sust-Hexacore in Parental care category; Codex Unicorn in School monitoring tool category; BUET_COLD_STEEL in Water-logging in Dhaka city category; Buet_firefighters in Fire response category; and The Roar in Gender awareness category.
Distinguished guests presented the awards to the winners at a programme at BRAC Centre. Mustafa Jabbar, president, Bangladesh Association of Software and Information Services (BASIS), KAM Morshed, director, Advocacy for Social Change, ICT and Partnership Strengthening, BRAC, Debashish Saha, director, field operations, Plan International, Bangladesh, Sabina Faiz Rashid, dean and professor, James P Grant School of Public Health, BRAC University, were present, among others, at the ceremony.
Mustafa Jabbar said, ‘We have to solve our problems with our own efforts engaging the digital revolution. It’s no use depending on Canada or the US, so to speak, for the solution of our problems. There might be 160 millions of problems in our country of 160 millions. Our youths with their own innovative capacity are very much able to solve so many of our issues.’
KAM Morshed said, ‘BRAC is intent upon utilising the innovative potentials of our youths. This initiative is one of such attempts from our part. I hope that these apps can be further developed to practically solve many of our problems.’
BRAC initiated this competition on January 8 with the slogan ‘Code for Bangladesh’. A total of 40 groups were shortlisted from 200 for taking part in the event. On March 3 and 4, in the final round, 11 groups out of 16 were selected as winners. Every winner group received five thousand US dollars as grants.
The organisers said the groups were selected on the basis of the practical effectiveness of their particular apps in solving social problems. BRAC will give assistance to further develop these apps.
The BRACathon has also been supported by James P Grant School of Public Health, BRAC University, Plan International, bdnews24.com, BRAC IT Services Limited and BRACNet.
This one-day meeting will gather 200 experts and professionals, representing the public, private, academic, NGO and civil society sectors and aim at addressing four specific development challenges during solutions-oriented workshops. In each workshop, a multi-stakeholder panel will debate together and with the audience around potential solutions to achieve together a “Zero Exclusion, Zero Carbon, Zero Poverty” world, in the Myanmar context.
As a part of this day BRAC co-hosts a session about financial inclusion and poverty eradication in Myanmar. To this session we are happy to welcome Lewis Temple, CEO of BRAC UK, for a presentation on BRAC's Graduation Model as a tool for financial inclusion of the poorest. Following this presentation, a panel including regulators, Microfinance institution and a financial technology company will discuss the challenges and opportunities to down-scale financial inclusion in order to increase outreach.
For more information click here.
Bangladesh’ remarkable progress over the last 40 years in reducing poverty and improving lives can offer valuable lessons for achieving inclusive and sustainable development globally. Said Dr Mushtaque Chowdhury, Vice-Chair of BRAC, at an event in the Palace of Westminster hosted by the UK’s All Party Parliamentary Group for Bangladesh and the Institute of Development Studies (IDS).
Dr Chowdhury highlighted the vital contribution that the partnership between Bangladesh and the UK has made to Bangladesh graduating to lower middle-income status, reducing poverty, improving health services and education provision and modernising agriculture. Bangladesh has overtaken India in terms of human development progress.
Dr Chowdhury said, “Collaboration between Bangladesh and the UK has helped to increase our understanding of how to break the cycle of extreme poverty. This learning around what works could make a significant contribution to the reduction of poverty in all of its forms globally.”
Other Bangladeshi organisations attending the UK meeting to share their knowledge of development progress and lessons for the wider region include: The Bangladesh Institute for Governance and Development, BRAC University, the James P Grant School of Public Health at BRAC University, the global health research institute icddr,b and Bangladesh’s Institute for Development Studies.
Introducing microinsurance for our microfinance clients
We have partnered with Guardian Life Insurance Limited to offer our first microinsurance product - credit shield insurance to our 5 million microfinance clients. The product is targeted towards the lower-income population of Bangladesh to protect them and their livelihoods in the event of death of a household member or the earner.
Our microfinance clients have been using credit and savings products to access opportunities, plan for the future, and cope with shocks. However, some events are hard to predict, and even harder to cope with.
Every year we experience more than 22,000 deaths of microfinance clients or earning members in their families.
For households that face this adversity, credit shield insurance fits in as an important safety net to provide an alternative to emergency strategies for protecting household finances and promote resilience.
When microinsurance was piloted a year ago, we learnt that insurance penetration is low due to negative preconceived perception towards it and lack of awareness. In Bangladesh, traditional insurance companies mainly focus on the upper and middle-income population leaving a large portion of the total population unserved. To fill that gap and best meet the needs of our clients and their families, credit shield insurance has been designed to be accessible, affordable, and easy to use.
Any of our microfinance clients can avail credit shield insurance when applying for their loan by making a minimal one-time premium payment set at 0.3 per cent of the loan amount for individual coverage or 0.7 per cent to cover dual members of a household. This insurance product comes with a cash benefit from BDT 10,000 (USD128) to BDT 20,000 (USD256) to cover the costs of funeral and other arrangements. Credit shield insurance also covers the remaining loan outstanding in full and allows savings to remain intact for the family to meet their emergencies.
To ensure hassle free, fast settlement of claims, only two documents of proof is required from the client end – the death certificate issued by doctor/local authority and a copy of National ID. Moreover, our dedicated team and customer service assistants are beside our clients to deal with queries and concerns every step of the way.
Commenting on the launch of credit shield insurance, Shameran Abed, director of BRAC’s microfinance and ultra poor programmes said, “Poor households are particularly vulnerable to sudden shocks, and nothing is more debilitating than losing an earning member of the family. With the launch of this product, we are taking one more step towards helping our borrowers become more resilient so that they can withstand such shocks.”
The service legal agreement (SLA) signing ceremony of BRAC and Guardian Life Insurance Limited was held at BRAC Centre on 12 January 2017. BRAC’s founder and chairperson, Sir Fazle Hasan Abed; executive director, Dr Mohammad Musa; senior director, Asif Saleh; director of microfinance and ultra poor programmes, Shameran Abed; chief executive officer of Guardian Life Insurance Limited, M M Monirul Alam, and managing director of Square Pharmaceuticals Limited were present at the ceremony.
About Guardian Life Insurance Limited
Guardian Life Insurance Limited (GLIL) started its business activities in 2014. It is the fastest growing life insurance company in Bangladesh. GLIL aims to provide the best insurance products and services to the people of Bangladesh. To know more about Guardian Life Insurance Limited, please visit http://www.guardianlife.com.bd/