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UK Department for International Development

Business Finance for the Poor in Bangladesh

UK aid from the British people

Project Data Last Updated: 17/12/2019

IATI Identifier: GB-1-202180

Description

The programme is increasing access to finance for the micro and small enterprises-MSEs- in Bangladesh. It is working in three folds- 1. working with the policymakers to make the financial sector policies more conducive for MSEs, 2. setting up a credit information bureau for the microfinance sector and 3. working with the private sector to bring innovative financial products, services and delivery channels to the market that will increase MSEs' ability to access formal financial services. All these will help increase the private sector credit to GDP ratio from the existing 48% to 53% which will contribute to increase the MSE supported jobs from the existing 28million to 30million and leverage additional £93million in loans from the private sector to the MSEs. This programme is helping Bangladesh achieve the SDG target 1.4 of ensuring all men and women particularly poor and vulnerable have access to appropriate financial services.

Status - Implementation More information about project status
Project Spend More information about project funding
Participating Organisation(s) More information about implementing organisation(s)
Sectors

Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.

Budget

A comparison of forecast spend and the total amount of money spent on the project to date.