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Microfinance Presentation for Board Final 2012
- 2. 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
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- 4. 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
- 5. www.brac.net
- 6. 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
- 7. 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
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- 10. Savings • Regular Passbook Savings • Monthly Deposit Scheme • Double Deposit Scheme • Fixed Deposit Scheme www.brac.net
- 12. BRAC Microfinance at a Glance Bangladesh Particulars As of October 2012 Loan Portfolio: $ 715 million Savings: $ 286 million Members: 6.02 million Borrowers: 4.42 million Average Monthly Disbursement: Staff: $ 103.7 million 17,988 www.brac.net
- 14. Industry Position (As of October 2012) BRAC ASA Grameen Bank BURO Bangladesh Portfolio: (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 Particulars www.brac.net
- 15. 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
- 16. 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
- 17. 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
- 18. 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
- 19. Trend: BRAC Microfinance Bangladesh Particulars 2009 2010 2011 2012 (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% 116.4% 118.6% 110.8% 128.0% Operating Self Sufficiency www.brac.net
- 20. BRAC International Microfinance at a Glance Country Portfolio (Million) Avg. Monthly Members Borrowers 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
- 21. 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