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Seeding the roots of microfinance

In: Creating Good Work

Author

Listed:
  • Susan Davis

    (BRAC-USA)

Abstract

The singularly remarkable story of BRAC, a global development organization based in Bangladesh that is by most measures the world’s largest nongovernmental organization, serves as a powerful illustration of what determined social entrepreneurs can do using microfinance as a springboard for social change. Founded in 1972 during the first days of Bangladeshi independence by a former oil company accountant named Fazle Hasan Abed, the organization had its origins in a relatively small effort to provide relief in the aftermath of the 1970 Bhola cyclone. That storm was a disaster of staggering magnitude, killing up to five hundred thousand people; worse still, it was followed by the War of Liberation between West Pakistan and the ethnic Bengali parts of East Pakistan, now Bangladesh.

Suggested Citation

  • Susan Davis, 2013. "Seeding the roots of microfinance," Palgrave Macmillan Books, in: Ron Schultz (ed.), Creating Good Work, chapter 0, pages 87-93, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31352-2_10
    DOI: 10.1057/9781137313522_10
    as

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