Investment: BRAC Sierra Leone
BRAC Sierra Leone
BRAC seeks to alleviate poverty through a holistic development model that combines microfinance with health, agriculture and other social development programs. The BRAC model focuses on both the economic and social needs of its target borrowers, recognizing and understanding that communities of borrowers require multiple interventions to move out of poverty. BRAC opened its offices in Sierra Leone in 2008 and started integrated programs in 2009.
Why we invested
BRAC is one of the world’s largest and most respected anti-poverty groups. We invested in its West Africa program because it will give poor households in Sierra Leone access to financial services and encourage the growth of sustainable microfinance organizations. The program will provide financial services to tens of thousands of women, as well as agricultural supplies and training to small crop and livestock farmers.
Key Facts
Region: West Africa
Investment type: Equity
Investment amount: $990,000
Size: 30 branches
Website: http://www.brac.net
Featured Story
Mariama Jalloh
Mariama Jalloh, a member of a BRAC microfinance group in Goderich, Sierra Leone, helps to support her mother, two sisters, and two brothers. When BRAC first approached her, Mariama did not understand the function of the organization. They convinced her, however, to attend weekly group meetings, and eventually Mariama became a group leader...
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