Business Finance for the Poor in Bangladesh

"We are confident that MRA has an action plan to carry and meet the ultimate goal of successfully operating the microfinance CIB and we would always carry with us the finest feelings of being a part of this legacy." - Rabeya Yasmin, Senior Advisor and Team Lead, BFP-B

"I am hopeful that, in time, the MF-CIB will join hands with the Central Bank Bureau and turn into the biggest depository of borrower data." - Ms. Afsana Islam, Deputy Team Leader/ Private Sector Advisor, @FCDOGovUK at BFP-B's MF-CIB closing ceremony

What did we discuss in our MF-CIB closing ceremony? Find our more about our discussion points, and our panelists from these @dailystarnews supplements.

"Bangladesh Bank really worked hard to make the Credit Information Bureau a possibility. This platform provides an incredible opportunity, to pave the way for an inclusive recovery in the wake of the COVID-19 pandemic." - Dr Atiur Rahman, Former Governor, Bangladesh Bank

"The timing for the CIB could not be more appropriate. The #MFI mediated safety net infrastructure offers the most reliable means of providing a safety net for people most impacted by COVID." - Buddhika Samarasinghe, Head of Global Practices, @Nathan_Inc, London

"CIBs allow MFIs to extend credit, based on accurate and reliable information. This lowers borrowing costs, and risks of the finance institution." - Jim Aziz, International Expert, MF-CIB JOIN US in the closing event of the MF-CIB now: lnkd.in/dtmkbVm

"I am delighted to see the Government of Bangladesh Vision2021 become a reality through initiatives like the MF-CIB" - Asif Saleh, Executive Director, BRAC Bangladesh JOIN US in the closing event of the Microfinance Credit Information Bureau now: lnkd.in/dtmkbVm

"I would like to request MRA to understand how they will capture, manage, and generate information for clients, investors, business groups, and policy makers." - Md Ashadul Islam, Senior Secretary Financial Institutions Division, Ministry of Finance

"It is expected that the online platform for the MF-CIB will go live by June 2022." - Kazi Sayedur Rahman, Deputy Governor, Bangladesh Bank JOIN US in the closing event of the Microfinance Credit Information Bureau now: zoom.us/j/98828105823?…

JOIN US for the closing event of the Microfinance Credit Information Bureau online at 11 AM on 28 January 2021. Our chief guest at this event is Md Ashadul Islam, Senior Secretary, Financial Institutions Division of the Ministry of Finance.

“It was as if nobody knew when the lockdown would be lifted.” As we enter the winter season in the midst of the #COVID19 pandemic, how will small businesses like Sayeeda’s survive? Read our blog post to learn more. bit.ly/37U26dX

The BFP-B is supporting the Microcredit Regulatory Authority (MRA) to establish the first Microfinance Credit Information Bureau in Bangladesh. Download our 2-pager to learn more about capacity building initiatives for MFIs, here: bit.ly/39nOav2

According to the latest @IMFNews country focus report, Bangladesh's is predicted to see a fall in growth to around 2% as an impact of the #COVID19 pandemic. Read our report to learn more about the impact of the #pandemic in MFIs in Bangladesh, here: bit.ly/3cLADwS

According to @ADB_HQ, the Bangladeshi economy will suffer losses amounting to $3.02 billion because of the #COVID19 pandemic. But #microfinance institutes can help stem these losses. Find out how, here: bit.ly/31JCuyu

Over $130 billion of savings and remittances are lying idle in Bangladesh. The Government of Bangladesh is exploring opportunities to grow investments from small savings through blockchain technology. A wonderful end to our technical sessions. @Nathan_Inc @DFID_UK @EamonCassidy4

BFPB has catalysed £19m to deliver innovative financial services. Nathan Associates MD, Eamon Cassidy discusses how regulators play a key role to facilitate innovation of effective business models. @bfpborg @Nathan_Inc @ukaid @Bangladesh_Bank @EamonCassidy4 #financialinclusion

Join us on the last session of the day, "Role of Market Facilitators: identifying what government and donor actions are required to further catalyse private sector investment in expanding financing for small businesses". @Nathan_Inc @EamonCassidy4 @DFID_UK

It is important to invest in building an ecosystem for potential disruptive start-ups and corporate ventures. There are risks, yes, but willing investors knows this. There shouldn't be an expectation of returns on investments in 90 days. #regulatorysandbox @Nathan_Inc @DFID_UK

BFP-B's work in creating a blended #financearchitecture to catalyse #impactinvestment in Bangladesh included impact MSE, agri business boosters, smart capital, and smart capital platform. Join the conversation for our third session of the day. @Nathan_Inc @DFID_UK

"Are we looking at customers in terms of how they behave? There's #genderdisparity in the adoption of #fintech services. Solutions must follow #awarenessbuilding." At our second session on omni channel distribution models. #financialinclusion @Nathan_Inc @DFID_UK @bKash_ltd