Seeding the roots of microfinance

Susan Davis
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Susan Davis: BRAC-USA

Chapter Chapter 9 in Creating Good Work, 2013, pp 87-93 from Palgrave Macmillan

Abstract: Abstract The singularly remarkable story of BRAC, a global development organization based in Bangladesh that is by most measures the world’s largest nongovernmental organization, serves as a powerful illustration of what determined social entrepreneurs can do using microfinance as a springboard for social change. Founded in 1972 during the first days of Bangladeshi independence by a former oil company accountant named Fazle Hasan Abed, the organization had its origins in a relatively small effort to provide relief in the aftermath of the 1970 Bhola cyclone. That storm was a disaster of staggering magnitude, killing up to five hundred thousand people; worse still, it was followed by the War of Liberation between West Pakistan and the ethnic Bengali parts of East Pakistan, now Bangladesh.

Keywords: Social Enterprise; Social Entrepreneur; Loan Portfolio; Microfinance Institution; Small Loan (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31352-2_10

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DOI: 10.1057/9781137313522_10

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