Featured photo: Supporting microfinance lending to women in Africa
A BRAC microfinance recipient who has used loan money to support her restaurant business is joined by other women during a solidarity group meeting in Tanzania.
OPIC financing has supported microfinance lending in East Africa through BRAC, a Bangladesh development organization. BRAC-Tanzania has opened more than 100 new microfinance branches serving an estimated 109,000 borrowers in Africa, 98 percent of whom are women.
BRAC’s holistic approach to poverty reduction includes both economic development and social development with a commitment to engaging, supporting and recognizing the value of all members of society, including women.