Contribution of the village poor women in the success of microfinance: a case analysis based on BRAC

Abstract

This report searched a burning question about the contribution of village poor women's in the success of microfinance .1 deal with this report as the requirement of my BBA internship project at BRAC microfinance division. To get the answers from the people who are involved directly to this program I went to field visit to the whole Mymensing ,Netrokona Jamalpore and some parts of Kishorgonj Patuakhali and Manikgonj districts BRAC field offices During the field visits I found so many interesting answers and reality of microfinance programme. Microfinance in many ways is the cornerstone of BRAC's development programs. Since its inception in 1974, It's working to provide collateral free financing to the poor especially women, in a simple, efficient and affordable manner. The main credit product is DAVI, UNNOTI and PROGOTI. These are called based on the loan size that provide for borrowers. In line with the success of microfinance both BRAC and its members play the driving force BRAC organizes these borrowers to VO and gives training and economic and mental support to its members These VO basically consists of 30-40 women. It is the heart of all BRAC activities . These VO reduces the overall cost of operation because a staff can cover a huge numbers or borrowers to give services. On the other hand, its members have been utilizing its loan in the productive sector and repaying loan regularly . They also save money as their deposits, it is helping to BRAC financing of revolving fund loan. Moreover village poor women's positive mentality play a vital success factor for BRAC microfinance programme Overall BRAC and its members are playing as the two important success factors for the success of microfinance.