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Microfinance Presentation for Board Final 2012
- 2. Dabi ? Average Loan Size - $225 ? Loan Term ¨C 1 year ? Repayment Mechanism ¨C 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
- 3. www.brac.net
- 4. Progoti ? Average Loan Size ¨C $2,050 ? Loan Term ¨C 12/18 months ? Repayment Mechanism ¨C 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 ¨C 12/18 unequal monthly installments. ? Till date ¨C $34.5m have been disbursed to 18,000 migrant workers. www.brac.net
- 8. www.brac.net
- 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: ¨C Standardize performance assessments ¨C Improve talent identification and management through setting up a management pipeline ¨C Improve workplace environment ¨C Mentor new female staff ¨C 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 ¨C Piloting basic financial literacy awareness building through popular theatre ¨C 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 ¨C Scale up financial literacy and consumer protection projects ¨C Pilot savings collection through mobile money platforms ? International ¨C Focus on strengthening capacity of staff at all levels ¨C Reducing the dependence on Bangladeshi staff and accelerate promotion of national staff into management positions ¨C Strengthen internal controls www.brac.net