Scaling Up

BRAC has chosen to invest in select pilot projects through an analysis of their feasibility to scale. These projects aim to answer the question- how could mobile money at BRAC improve existing services, solve an organisational problem, or offer a new service?

Digitizing Microfinance savings through bKash

In 2011, BRAC Microfinance launched two pilots – monthly savings collection and enterprise loan repayment – that switched existing transactions from cash to bKash. The purpose of using bKash was to make these products more convenient and accessible for clients.  This year, they are expanding this facility to an estimated 800 additional branches and soon enough they will also pilot other financial and loan installment services via mobile money.

Adolescent Savings and Financial Education

The Adolescent Development Programme (ADP) will continue to provide comprehensive financial literacy and life skills to clients, while encouraging mobile savings. Developing a clear understanding of formal savings is requisite for youth empowerment, as it helps future generations establish healthy financial behavior.

Nearly Cashless Branch

The Integrated Development Programme (IDP) will continue to provide essential services like mobile allowances, payments to extension workers, and loan collections in six isolated chars- riverine islands created and destroyed by floods and erosion. The intervention area is highly isolated and lacks formal financial institutions to efficiently transfer or disperse large cash amounts from microfinance or accounts.