Exploration of agriculture credit present practice, opportunities and challenges in Bangladesh

Abstract

This is an academic internship report under Ms. Nusrat Hafiz Ma'am, and I got the opportunity to work at Microfinance, BRAC. Here, my supervisor is Md. Shahadat Hossain is senior manager at BRAC. I explored Bangladesh's agricultural credit practices present, challenges, and opportunities and compared them with BRAC agricultural credit products. One more exciting topic was to find out the solution to how farmers get their fair value. I spent three months there and got to know new experiences and did good networking, which is very helpful for my future. As BRAC is well cultured and has a good working environment, I did not have to face that many difficulties while working. BRAC is the number one non-government organization in the world (Brac website, 2022). They have been working since 1972 and are building their Brand worldwide. Moreover, they are working in all districts in Bangladesh. BRAC has social development, social enterprises, investment, and universities. Their leadership style maintains democratic, autocratic, and laissez-faire based on different situations. They have a strong Human Resource Management team that mainly focuses on women and try to break the discrimination of religion, physical disability, and gender. They are always in difficult situations and try to help. Their primary focus is on reducing poverty. BRAC has increased its income; because of covid-19, it fell that year, and after that, they are maintaining its growth. This report mainly focuses on recognizing the gaps, opportunities, and challenges of agricultural credit services in Bangladesh. I have taken five Farmer's interviews and learned about their farming situation. They talked about their difficulties, opportunities, loss – of Profit, and everything. After taking their interview, I analyzed their answers. This report mainly focuses on other agricultural credit services they have taken and found the gaps and challenges by listening to them about Bangladesh agricultural credit services. Finally, this report will help farmers to get better service from Bangladesh Agricultural Credit companies.