BRAC's Microfinance and Social Responsibility Initiatives

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"I don't know of any developing-world NGO that has been more successful. Certainly in terms of the issues they work on, they're more like a mini-government. If I were giving out Nobel Prizes, there is no doubt I would give it to Abed." ¹

- Allan Rosenfield, Dean of Columbia University's School of Public Health, in June 2008.

"It (BRAC) is a leader because it is good at what it does. It also happens to be big, and there is an important correlation. A lot of good projects are never taken to scale. Pilot projects remain pilots because nobody picks them up. BRAC has found ways to take simple solutions to major health problems - such as diarrhea in children, a major killer - to every village in the country. It graduates half a million literate girls from its non-formal primary schools every year. Its dairy produces 90,000 liters of milk a day, all of it from people who have borrowed small amounts to buy one or two cows. BRAC is 80 percent self-financing, and it is now taking its work to other countries in Asia and Africa. This would be remarkable for a Canadian or a British NGO, but in a Bangladeshi NGO it is stunning." ²

- Ian Smillie, Author of 'Freedom From Want: The Remarkable Success Story of BRAC', in March 2009.

Introduction In October 2008, Bangladesh-based 'not-for-profit' organization, Building Resources Across Communities (BRAC), received The Conrad N. Hilton Humanitarian prize3. The prize is awarded to organizations that are involved in minimizing 'human suffering.' BRAC was chosen from 225 nominees for the prize for the innovativeness and diversity of its microfinance programs, and its ability to scale up and expand beyond Bangladesh.

BRAC's Microfinance and Social Responsibility Initiatives - Next Page>>

1] David Armstrong, "Is Bigger Better," Forbes, June 02, 2008.
2] "Freedom From Want," Q&A with Ian Smillie, www.ddiglobal.org, 2009.
3] The Hilton prize was created in 1944 by Conrad N. Hilton, a hotel entrepreneur in 1944, who left his wealth to the foundation in 1979, when he died.

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