Microfinance loans creating opportunities to escape poverty

There are over 200 NGO’s in Bangladesh and BRAC and ASA are two other organizations other than Grameen Bank that I first handedly learned about while outside of Dhaka. In two days, I sat in on meetings with Grameen Bank Microfinance loan recipients, BRAC MF loan recipients as well as ASA MF loan recipients.  During these meetings you could feel the hope and excitement of the women receiving the loans. I listened to how their lives have improved, and how they are now able to send their children to school, that they boil the water, and that they have more than one sari. This indicates improvements and development, as a result of microfinance loans that the women use to create an income generating activity. These varies from rise husking, fattening goats or cows to opening a grocery store.          


Pass the Peace.