FMO approves $50m investment in microfinance lender BRAC Bangladesh

FMO approves $50m investment in microfinance lender BRAC Bangladesh

Dhaka, Bangladesh. Photo: Pixabay

Dutch development bank FMO has approved a $50 million investment in Bangladesh-based microfinance lender BRAC.

BRAC has a microfinance loan portfolio of $3.2 billion and serves more than 7.4 million customers in more than 69,000 villages, according to an FMO disclosure.

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